Office development plan for City
HB Reavis is looking to kick-start three or four development projects in London in the next 12 months, UK chief executive Tomáš Jurdák has said.
The international developer, founded in Bratislava, Slovakia, topped out its debut London office scheme at 33 Central, EC4, on 19 September.
The 227,000 sq ft office building was sold to Wells Fargo in July for the US bank’s occupation in a referendum-defying deal.
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New hires at L&G Capital
Legal & General Capital, the investment arm of Legal & General Group, has appointed Stephen Halliwell as its new chief financial officer – one of five recent hires.
Halliwell was previously chief financial officer at 3i Infrastructure, the FTSE 250 group focused on UK and European infrastructure investments, where he was involved in the firm’s growth from its IPO in 2007.
JV plans Derbyshire distribution
A JV between Richardson Capital and Thorngrove Land & Property has acquired a multilet distribution and business centre in South Normanton, Derbyshire, for speculative development.
The jv paid £8.1m for the 176,000 sq ft scheme on an 18-acre site.
Richardson Capital and Thorngrove will submit a detailed planning application by November to speculatively build a single 320,000 sq ft distribution unit on 3.5 acres of development land on the site. An outline planning application for residential use is also currently being prepared.
Manchester rent debut for M&G
M&G Real Estate has made its debut investment into the Manchester rental market after agreeing to forward-fund a 135-home development on the edge of the Northern Quarter.
It has exchanged contracts with Mulbury to finance the build out of its £27.6m consented 14-storey scheme at 197-105 Port Street.
