Prologis gets green light for new 112,604 sq ft life sciences facility in Cambridge
Prologis has secured planning consent to deliver a new 112,604 sq ft life sciences facility at Cambridge Biomedical Campus (CBC). The six-storey facility at 4000 Discovery Drive will provide lab and office space and form part of Phase 2 of the campus development. In February this year, Cambridgeshire County Council agreed a partnership with Prologis […]
Areli Developments gets go-ahead for Tower Hamlets resi scheme
Areli Developments has secured planning consent for a 54-storey multi-tenure residential development at 77 Marsh Wall in Tower Hamlets. Designed by Patel Taylor, the scheme will comprise 820 build-to-rent (BTR), serviced apartments, co-living, intermediate tenures and social rented homes on a site currently occupied by an outdated office building. The development will also feature two […]
Redford submits plans for redevelopment of Nationwide’s former HQ site
Redford Developments (Swindon) has submitted an outline planning application for the transformation of the former Nationwide headquarters building in Swindon into 175 new homes. Located on Pipers Way in central south Swindon, the 9.4-acre Wakefield House site benefits from a draft allocation for residential development in the emerging Swindon Local Plan 2023-2043. In addition to […]
The Crown Estate unveils development plans for two West End sites
The Crown Estate has unveiled plans for two major developments at 10 Piccadilly and 21-29 Glasshouse Street in London’s West End. The two schemes will deliver 169,300 sq ft of new office, retail and hospitality space and mark the latest step in The Crown Estate’s long-term vision for its 10m sq ft London portfolio. At […]
Prologis submits £14bn ‘best and final’ offer for SEGRO
Prologis has submitted a ‘best and final’ takeover offer of £14bn for SEGRO. The proposal consists of 0.0920 new Prologis shares for each SEGRO share – a 9.5% increase on Prologis’ initial proposal – and a partial cash alternative of up to £3.5bn, representing 25% of the total consideration, at a fixed price of 1,031.7p […]
Korol gets green light for redevelopment of Mayfair building
Korol has secured planning consent for the redevelopment of 41 Albemarle Street in the heart of Mayfair. The six-storey corner building, which was the head office of Thai Airways from 1986 to 2020, will be redeveloped into a flagship luxury retail unit with prime office space on the upper floors. The Grade II listed building […]
Columbia Threadneedle Real Estate makes first natural capital investment
Columbia Threadneedle Real Estate has made its first investment in natural capital with the acquisition of the 490-acre Carlshead Farm in North Yorkshire for an undisclosed price. The investment, which was made through its Threadneedle Property Unit Trust (TPUT), will support the fund’s decarbonisation ambitions and provide exposure to the UK’s biodiversity net gain (BNG) […]
Prologis acquires Trafford Park regeneration site
Prologis has acquired an 8.66-acre regeneration site at Trafford Park in Greater Manchester for an undisclosed price. Located on Barton Dock Road, the site sits within Trafford Park, one of Europe’s largest and most established industrial estates. Prologis intends to regenerate the site into an all-electric 200,000 sq ft modern, sustainable facility and is targeting […]
Colliers hires hotel capital market specialist from CBRE
Colliers has recruited Lewis Corby from CBRE to lead the UK business’ hotel capital markets division. Corby, who spent 17 years at CBRE where he established a reputation as a senior adviser on the disposal and acquisition of hospitality assets across the UK and Europe, will also play a significant role as a leader in […]
Indurent’s Stoke scheme fully let following 55,000 sq ft deal
Indurent Park Stoke Central is fully let after online grocery retailer Ocado signed for a 55,000 sq ft unit on a 15-year lease. The C55 unit, which incorporates rooftop solar PV and EV charging infrastructure, has achieved a BREEAM Excellent and EPC A rating. The 530,000 sq ft industrial and logistics scheme, which is part […]