Barings has bought a GBP215 million (EUR250.3 million) mixed-use development in the UK.
The manager said it has acquired Soapworks in Bristol on behalf of a ”retained client” and will work with developer Socius to deliver the scheme.
The scheme has planning consent for 154,000sqft of flexible office accommodation as well as 243 build-to-rent apartments, and 18,800sqft of flexible ground floor retail, hospitality and leisure space.
Darren Hutchinson, managing director and head of UK real estate transactions at Barings, said: “Already a landmark in Bristol, Soapworks will be an iconic place to live and work in the city, with new and much-needed homes, Grade A office space, and a revamped public realm and vibrant ground-floor retail and hospitality.
“Working alongside Socius, we’re working to retain as much of the original buildings as possible, and thus the embodied carbon, so that we can create a first-class destination with as little environmental impact as possible. Due to the quality of this space, it will not only be a landmark within Bristol but be an example of excellent place-making across the UK.”
Source: realassets.ipe.com on the 29th of March
(https://realassets.ipe.com/news/barings-grabs-215m-uk-regeneration-scheme/10058908.article)