Subterms
London-based BrickVest allows both institutional and private investors to invest in real estate deals from various vetted “sponsors”. It will retain its independence as part of the deal, Patrizia chief executive Wolfgang Egger said. Patrizia did not disclose the financial terms of the deal. The platform had the potential to “become the go-to global and […] More
The joint venture between Skanska and Ikea, which launched in the UK last year, has bought sites in Worthing, Bristol and Peacehaven for its first three schemes. Subject to planning permission, the developments will provide a combined 400 homes. The majority of the homes will be for market sale however a portion will be sold […] More
On 11 December 2019, the High Court ordered the Romanians to pay landlord Christopher Christos the final six months of a £12,000-a-month lease plus £3,660 in legal fees after he took the country’s UK embassy to court. The home at 18 Hyde Park Street served as the ambassador’s residence from April 2008 to April 2019 […] More
The group has bought five buildings, which contain a combined 1,971 beds, in the city from its joint venture partner Harrison Street. The portfolio, which comprises buildings (Ardcairn House, Kavanagh Court, New Mill, The Tannery, and Broadstone Hall), has an average occupancy rate of 97%. GSA will continue to manage the assets and plans to […] More
In his new role, Helby‘s responsibilities will include providing strategic advice and support for Get Living as it continues to pursue its growth plans. Helsby spent 40 yeas at Savills, 11 years of which were spent as chief executive, prior to his retirement last year. The joint venture partnership behind Get Living comprises the following […] More
The acquisition has been made on behalf of its two largest balance funds, the UK Property Fund and the Management Fund. The tower comprises 276 luxury apartments, ranging from one, two and three bedrooms across 37 storeys. The tower’s amenities include a two-storey gym, a 20m swimming pool, a sauna, a steam room, fitness studios […] More
NAV at the group, which invests in affordable shared ownership, retirement and Local Authority housing, fell to 107.7p a share at the end of December, compared to 108.6p on 30 September. ReSI’s portfolio value stood at £260.3m, down £500,000, as the VAT resulted in increased service charges payable by Resi during the quarter. The group […] More
The proposed 2,224 bedroom scheme will be built across multiple buildings including a 45-storey tower on plot 11 of First Street, which Downing bought from Patrizia last year for around £18m. The design by Manchester favourites SimpsonHaugh also features 44,000 sq ft of amenity space. The plans include 11 different types of accommodation, ranging from […] More
