CapitalRise has advanced a senior loan for the acquisition and development of a property within a period Chelsea townhouse.
Deals & Transactions
Clearbell Property Partners III (Clearbell), a fund managed by Clearbell Capital, has commenced construction work on a 4.5-acre development site in Thatcham that will deliver 116,850 sq ft of warehouse accommodation.
Orchard Street Investment Management (Orchard Street) has fully let Heron House in Richmond to classic car auction house RM Sotheby’s.
Stenprop, a UK multi-let industrial (MLI) property company, has acquired a further 43,500 sq ft of MLI property across four adjoining warehouse units in Stretton Business Park, in Burton upon Trent, Staffordshire.
Sun Venture has exchanged contracts to purchase One New Oxford Street, London WC1 from Nuveen Real Estate, on behalf of Central London Office Fund (CLOF) and British Airways Pension Trustees Limited.
Investment manager ARA Venn has completed GBP250 million of new lending through the GBP3.5 billion Private Rented Sector (PRS) Housing Guarantee Scheme that it manages for the UK Government, in the second quarter of 2020, taking total lending under the programme to over GBP1.25 billion.
Audio post-production facility Pip Studios Limited has taken a lease on a high-tech facility at Winnersh Triangle Business Park near Reading in a deal brokered by property consultants Vail Williams.
Property development company Ballymore has exchanged contracts to acquire the Broadwalk Shopping Centre in Edgware, north London, from Aberdeen Standard Investments.
International real estate firm Hines is developing 664 residential units for some 1,200 residents in Berlin's district Südkreuz.
Trinova Real Estate has completed the off-market acquisition of 103 Mount Street, London W1, from Meyer Bergman on behalf of Stars REI for a price reflecting a net initial yield in the region of 4 per cent.