Oxford Properties secures 161,000 sq ft law firm letting
Oxford Properties Group has let 161,000 sq ft at MidCity Place in Holborn, London, to law firm Mishcon de Reya on a 20-year lease. The firm has taken the space, which includes a large client hospitality and events space, across four floors of the 350,000 sq ft building. Mishcon de Reya will move into MidCity […]
Adhan Group acquires Preston PBSA scheme
Adhan Group has acquired a purpose-built student accommodation (PBSA) scheme in Preston from administrators FRP Advisory for an undisclosed price. The 244-bed Friargate Court campus, which is located in the city centre, cost more than £20m to build. Delivered in 2016, the scheme comprises cluster en-suites and studios and the on-site amenity provision includes a […]
Muse appointed to deliver new mixed-use neighbourhood in Bletchley
Milton Keynes City Council (MKCC) has appointed Muse to deliver a mixed-use neighbourhood in Central Bletchley. Muse will work closely with the council, Milton Keynes Development Partnership (MKDP) and the local community to deliver a masterplan for two large sites to the east and west of Bletchley station. The scheme will feature new homes across […]
Railpen gets green light for redevelopment of City of London office
Railpen has secured planning consent for the comprehensive redevelopment of 12 Smithfield in the City of London. The consented scheme, which is due to complete in Q4 2028, will reposition the existing building as a best-in-class, sustainable workspace, providing more than 122,000 sq ft of office and amenity space. Designed by Henley Halebrown, the scheme will retain and […]
SEGRO rejects improved takeover offer tabled by Prologis
The board of SEGRO has unanimously rejected an improved takeover offer tabled by Prologis worth £13.5bn. The revised proposal comprised 0.0890 new Prologis shares for each SEGRO share and a partial cash alternative of up to £2.7bn, representing 20% of the total consideration. The proposal valued each SEGRO share at 993p, or at 958p based […]
Topland provides £24.4m senior loan for Belgravia residence
Topland Vintage has provided a £24.4m senior loan facility to a UAE-based ultra-high-net-worth (UHNW) family secured against a freehold 16,300 sq ft residence in London’s Belgravia. The 18-month facility, which was introduced by Mantra Group, was structured at 60% loan-to-value (LTV) and enabled the family to refinance an existing loan from a private bank. Topland’s […]
Redevelopment of Derby city centre site gets green light from planners
Ion Developments has secured planning consent for the redevelopment of the Market Place site in Derby. The plans for the site include Derby MADE – a multi-use building on the site of the former Assembly Rooms, featuring a music venue, cultural/exhibition space, a young person and family library, and dedicated flexible working and meeting areas, Derby […]
Oryx picks up Bermondsey industrial site for £17.7m
Oryx Real Estate Partners (Oryx) has acquired a circa 63,000 sq ft industrial estate in Bermondsey for £17.7m. Working alongside operating partner Bloom, Oryx will reposition and upgrade the existing estate at 15 Mandela Way into a best-in-class, sustainable multi-let industrial estate designed for modern occupiers. The proposed scheme will comprise five units ranging from […]
Charity puts King’s Cross office building up for sale
Charitable organisation Sense has put the long leasehold interest of 101 Pentonville Road in King’s Cross, London, up for sale for £4,250,000+. The property is held on a 999-year long lease expiring in June 3003 at a peppercorn rent and the sale price reflects an attractive capital value of £438/sq ft. Arranged over basement, ground […]
Kinrise purchases Bloomsbury office building
Kinrise has purchased the 27,000 sq ft 3-5 Bedford Row office building in Central London for an undisclosed price. The Georgian building, which was marketed for sale for £22m, occupies a prominent position at the southern end of Bedford Row close to Holborn and Farringdon stations. Behind its listed original façade, the Grade A office […]