News
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US investor to absorb Care REIT
Care REIT’s board, advised by Jefferies, has recommended its shareholders accept a takeover approach from US investor CareTrust REIT. The acquisition price values Care REIT at £448m or 108p per…
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Globalworth Real Estate loss widens in 2024 as portfolio value falls
Globalworth Real Estate Investments’ portfolio continued to face challenging macroeconomic environment during 2024. The REIT’s total combined portfolio value dropped by 13.2% to €2.6bn (£2.2bn) as at the end of…
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Barings and LBS near brace of leases at Tide
Barings and LBS Properties are nearing a pair of deals at their Southbank office development. If successful, they would take the 133,794 sq ft block to 50% let after a deal with flex operator NewFlex was…
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Supermarket Income REIT returns to profitability
Supermarket Income REIT will continue to press ahead with its strategic initiatives launched late last year until its portfolio hits “appropriate value”. Its latest financial report showed its portfolio value…
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Encouraging the next generation into real estate
COMMENT There has been much written globally around DEI strategies and companies reassessing since the US election. Change is clearly under way and, actually, it may not be a bad…
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M&G to acquire £30m East Village site from Get Living
M&G is under offer to acquire a site from Get Living in its East Village masterplan in Stratford, E20. The site was being marketed by Savills for offers of more…
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Axel acquires Brum logistics warehouse
Axel Logistics has acquired a logistics warehouse on Birmingham’s BSA Industrial Estate for £7.1m from the Canal & River Trust. The 78,500 sq ft unit at 198 Golden Hillock Road…
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Savills adds Deloitte expert to its planning division
Savills has expanded its planning economics team with the appointment of Sabil Chaudhry as a director in its London office. Chaudhry joins from Deloitte, where he held senior economics and…
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Wrenbridge JV buys Letchworth hub for £50m logistics revamp
Wrenbridge and Bridges Fund Management have acquired a distribution facility in Letchworth to develop a £50m logistics hub. The 6.5-acre site was purchased from Tesco and Letchworth Garden City Heritage…
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Clearbell puts aside £150m for UK logistics portfolio expansion
Clearbell Capital has entered into a joint venture with Deva Capital, an alternative investment manager, to drive a £150m acquisition and repositioning of industrial assets across the UK. It follows…
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Lloyds Living appoints BTR operator
Lloyds Living has appointed Native Communities to operate a trio of its build-to-rent schemes. The schemes comprise 631 homes in Nottingham, Stevenage and Cardiff. The portfolio includes British Waterways in Nottingham, a Grade II…
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Warehouse REIT re-signs tenant at Middlewich logistics facility
Warehouse REIT has agreed a 10-year lease renewal at Midpoint 18 in Middlewich. The deal was signed with Wincanton, one of the largest occupiers in the REIT’s portfolio. The facility…