LRC Group has secured funding from the real estate arm of Investec Bank to the tune of £53 million for residential investment across a series of transactions.
Ares Management Corporation, one of the world's most active real estate investors, has signed for another 21,041 square feet of London offices as it prepares to consolidate its expanding business into all of the Crown Estate and Norges Bank Investment Management's 124,000-square-foot One Hanover Street redevelopment.
The UK build-to-rent market has had a landmark start to the year, with the sector recording its highest first quarter of investment since 2022, according to research from Savills.
CBRE recently hosted a roundtable for Greater Manchester Mayor's Charity and Greater Manchester Good Landlord Charter with keynote speaker Caroline Simpson, chief executive of the Greater Manchester Combined Authority, alongside senior CA housing leads and Tom Fisher, Head of GMGLC. Joined by CBRE clients, the group explored how the private sector can better support the public sector in tackling homelessness and temporary accommodation challenges across the region. Here are the key takeaways:
Citrus Durham has gained consent from Durham county council for the next £340 million investment at its Integra 61 mixed-use development at J61 of the A1(M).
Ares Management Corporation, the global alternative investment manager, has raised approximately $5.4 billion of capital, including via equity commitments and related transaction vehicles, to invest in value-add real estate opportunities across the United States and Europe.
Alinor Capital Management, alongside Oval Real Estate, has bought an 167,000-square-foot office in Manchester, 1 Tony Wilson Place, from a client of Aberdeen.
French real estate fund, or SCPI, Épargne Pierre Europe has bought the purpose-built Waitrose and John Lewis at Home development at Futura Park, Ipswich from Greenridge Investment Management for £28.6 million or a 7.1% net initial yield.
It was an open secret, the details of which were publicly revealed this evening: Accor and Blackstone, which had been in talks for months, as reported by Business Immo on Feb. 19, have finally signed a memorandum of understanding regarding the sale of Accor’s 30.56% stake in Essendi — formerly AccorInvest.
The 127-room Radisson Blu Hotel, London Leicester Square has been acquired by CLI Dartriver, according to business advisory CBRE, which helped broker the deal.
Hanover Green, the central London adviser with a specialist retail and restaurant leasing, lease advisory and investment team, has appointed Alistair Bews as a partner in their Lease Advisory team.