News
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AEW UK REIT splashes £10m on Hertfordshire asset
AEW UK REIT has bought a high street retail asset in Hitchin, Hertfordshire, for £10m. The purchase price reflects a net initial yield of 8.3% and a capital value of…
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Solaris asked to rethink Leeds’ Castleton Works revamp
Solaris Real Estate’s proposals to transform a disused carpark into 386 build-to-rent homes at Castleton Works in Leeds have been deferred by the city planning panel. It has been asked…
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Thumbs up for first flats at Leeds’ Aire Park
Vastint has received planning permission for the first homes within its Aire Park masterplan in the heart of Leeds South Bank. The proposals include the development of 418 build-to-rent homes…
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Life Science REIT weighs sale or wind down
Life Science REIT has launched a strategic review that could see it sold or wound down, with several buyers already showing interest in buying the company. The company said in…
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Target Healthcare eyes disposals to stay on the ‘front foot’
Target Healthcare REIT is considering disposals to free up capital for a fresh acquisition drive. The company, which invests in purpose-built care homes, has today published results for the six…
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Embracing change and creating spaces that work
COMMENT The gulf between high-quality, grade-A offices – whether newly built or thoughtfully retrofitted – and older, outdated workspaces is becoming increasingly pronounced. We’re seeing a growing rental divide, with…
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Trainline sets course for Ivanhoé and Co-Re’s Stonecutter Court
Travel company Trainline has secured a lease for its new HQ at Ivanhoé Cambridge and Co-Re’s Stonecutter Court at 1 Stonecutter Street, EC4. The deal, which Estates Gazette revealed was in the works last year,…
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Elite REIT embarks on PBSA journey with pair of schemes
Singapore-listed Elite UK REIT is planning on entering the UK student accommodation sector with its first two assets in Scotland and Wales. In November last year, the REIT announced a…
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Lateral and HIG gets green light for Cavell Street labs
Lateral and HIG have secured planning permission from Tower Hamlets Council for the redevelopment of 100-136 Cavell Street, E1. The developer acquired the site in March 2022 in an off-market…
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British Land and AustralianSuper sign first restaurants at Canada Water masterplan
British Land and AustralianSuper have secured the first two restaurant tenants for their 53-acre Canada Water joint venture. Sushi Revolution has agreed terms to take 1,850 sq ft on a…
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Angelo Gordon and Endurance Land sell 1-5 London Wall for £72.5m
Investment manager TPG Angelo Gordon and asset manager Endurance Land have sold their long leasehold asset on 1-5 London Wall, EC2. The partners have agreed to sell the asset to Malaysian construction group IJM for around £72.5m and will…
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Lai Wing brings trophy Standbrook to the market for £140m
Hong Kong investor Lai Wing has listed Standbrook House, a prime trophy asset located at 2-5 Old Bond Street, W1, for sale. The landlord is reportedly seeking offers exceeding £140m,…