Industry News

Branded business and industrial parks owner Sirius Real Estate has added a £48.25 million (€56.4 million) asset to its UK portfolio. Sirius Real Estate, which owns and operates assets in Germany and the UK said it has agreed to buy Vantage Point Business Village, a multi-let business park in Gloucestershire, in a deal that represents a net initial yield of 10.2%. As part of the acquisition, Sirius Real Estate has also acquired a photovoltaic solar business from the vendor which...

Native Land has secured an £18.5 million (€22 million) funding arrangement with Grosvenor for St Mary’s Wharf, a 200,000 square feet (18,500 square meters) mixed-use development on brownfield land in the centre of Guildford. The agreement marks the start of construction work on the residential-led town centre regeneration project. St Mary’s Wharf is situated on a 1.7-acre (7,000 square meters) riverside site and was formerly a Debenhams department store. The site is located in a strategic position where the town’s...

Oxford Properties Group (“Oxford”) and Logistics Capital Partners (“LCP”) have secured planning permission to develop c. 340,000 square feet of technologically advanced and environmentally sustainable logistics space on a 15-acre brownfield site adjacent to Heathrow Airport. The much-needed new space will be delivered across two units of 200,000 square feet and 140,000 square feet, respectively. The project has been designed to high sustainability and quality standards, including net zero carbon in construction and operation as well as 15-metre eaves, 50-metre...

Grosvenor has made £46 million (€53.7 million) in new UK residential debt transactions and plans to deploy £900 million in the sector over the next 10 years. Grosvenor said its UK property business is expanding its residential debt strategy with a plan to allocate the capital into debt funding to ”support housing delivery, comprised of new funding and recycling capital from existing and future lending”. The debt strategy, which was launched in April 2023, has made new transactions comprising a...

Ares Management is acquiring a six-storey building in UK’s capital from Helical for £43.5 million (€50.8 million). London-listed Helical said it has agreed to sell 25 Charterhouse Square, EC1 to a real estate fund managed Ares, at a price that represents a 6.5% discount to the 45,000 square feet asset’s 30 September 2023 book value. Source: realassets.ipe.com on the 25th of March https://realassets.ipe.com/news/ares-snaps-up-london-office-from-helical-at-65-discount/10072392.article

Schroders Capital, the private investment arm of Schroders Group, has named industry veteran Ingo Heinen to the new position of global head of business development and product. He will collaborate with Schroders' client group to expand their private markets business globally, including attracting new investors and building partnerships. Heinen will also lead the creation and management of Schroders Capital's investment products and services, focusing on delivering top-tier investment options for clients. Previously, he held leadership positions at Intermediate Capital Group...

Real estate investment firm Edmond de Rothschild REIM has purchased a newly built housing complex in Newbury, England, from Nelson Group. This £34 mln (€40 mln) acquisition marks a complete investment of Funding Affordable Homes's (FAH) latest capital raise. Sterling Gardens offers 119 affordable apartments (one, two, and threebedroom) spread across six buildings. This project provides much-needed affordable housing options, including: 27 apartments for social rent, 62 apartments for affordable rent, and 30 apartments for shared ownership. The recently completed...

Apollo Global Management has launched its first European real estate debt fund, targeting €1 billion in commitments, according to market reports. The vehicle marks the first time the New York-based alternative asset manager is seeking to raise third-party capital alongside its own funds to invest in originating European real estate loans, the reports suggest. Apollo declined to comment when contacted by PropertyEU. The firm is said to have started meeting with global institutional investors about the fund, which would invest...

AXA IM Alts , a global leader in alternative investments with €183 billion of assets under management, has secured a £480 million construction loan from Cale Street, the real estate investment and finance firm, to fund the development of its 650,000 sq ft (60,000 sqm) next generation office building at 50 Fenchurch Street. This transaction represents one of the largest development loans agreed ahead of any pre-let in the UK since the beginning of 2023. Following the acquisition of the site by...