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Barings Real Estate enters UK PRS sector

Barings Real Estate has entered the UK private rented sector (PRS) with the acquisition of a 240 unit multifamily property from Moorfield Group.

Barings has bought The Keel at Queens Dock in Liverpool for £46.8m (€52.6m). The investment has been made as part of Barings’ pan European core investment strategy on behalf of institutional investors.

IPE Real Assets – 01 October 2018

Warburg-HIH Invest Opens Branch in the United Kingdom

Warburg-HIH Invest Real Estate (Warburg-HIH Invest) is in the process of opening a dedicated branch in London and has appointed Martin Payne as Managing Director of WarburgHIH Invest Real Estate UK Ltd., a fully owned subsidiary of Warburg-HIH Invest that will handle the current asset management of the company’s UK holdings together with TH Real Estate.

Press release – 07 August 2018

Delancey and Oxford Properties Open DOOR to Recapitalisation and Target 12,500 Homes in the UK with Partners Qatari Diar and APG

Get Living, the UK’s leading privately backed residential company, is today announcing a major recapitalisation ahead of its next ambitious growth phase. As part of this transaction, Delancey advised client fund DV4 Ltd (“DV4”) and Oxford Properties (“Oxford”), the global real estate arm of OMERS, have formed Delancey Oxford Residential (“DOOR”), a new co-investment platform with initial capital commitments of c£600m.

Japan's Nomura expands overseas, buys UK real estate manager Lothbury

Japanese real estate firm Nomura Real Estate (NREHI) has expanded its operations overseas with the acquisition of a majority stake in a £2.1 billion (€2.4 billion) UK real estate asset manager.
The listed firm said it has agreed to buy a 75% interest in Lothbury Investment Management Group for an undisclosed sum.
LIM, which has £2.1bn of assets under management, specialises in managing property portfolios across a range of funds, including its flagship Lothbury Property Trust.
IPE Real Estate – 12 July 2018

Clearbell Capital's UK value-add real estate fund buys first asset

Clearbell Capital’s UK value-add real estate fund has made its first acquisition.
Clearbell Property Partners III, which raised £310 million (€348 million) last month, said it has acquired Octagon Retail Park in Stoke for £28m.
The site comprises 137,000sqft in total and is currently let to eight tenants, including DFS, Wren Kitchens and Sofaworks.
IPE Real Estate – 18 July 2018

UK Railways Pension Scheme buys Birmingham office asset for GBP95 million

The UK pension fund for railway companies has bought an office asset in the West Midlands region of England for around £95m (€106.6m).
RPMI Railpen, the investment manager for the £28bn Railways Pension Scheme, said it bought the interconnected 2 Colmore Square and Cannon House in Birmingham’s city centre from Nurton Developments. The 300,000sqft building is 95% let.
IPE Real Estate – 24 July 2018

Lothbury buys hotel in London for UK pension fund

Lothbury Investment Management has bought a hotel in London on behalf of a UK pension fund.
The real estate investment manager said it acquired the Travelodge hotel on Union Street, Southwark for £56.3 million (€63.8 million), as part of a segregated mandate for the pension fund.
The freehold property comprises 202 bedrooms with three retail/restaurant units totalling 7,250sqft at ground level. The building was constructed in 2008.
IPE Real Estate – 05 July 2018

M&G Real Estate agrees GBP82 million London BTR deal with Redrow

M&G Real Estate’s UK residential property fund has agreed a £82.7 million (€93.5 million) deal to buy 186 new homes in London from Redrow Homes for £82.7 million.
The deal will fund the delivery of one, two and three-bedroom build-to-rent (BTR) homes at Redrow’s Colindale Gardens development in Colindale. Completion of the BTR units is expected by 2021.

L&G buys Kingsditch Trade Park for industrial property fund

LGIM Real Assets (Legal & General) has acquired an asset in south-west England on behalf of its industrial property fund from M&G Real Estate.
The asset manager said Industrial Property Investment Fund (IPIF) bought Kingsditch Trade Park in Cheltenham for £20.5 million (€23.2 million).
The multi-let estate comprises 28 trade/light industrial units and totals 137,942sqft across a 7.9 acre site. The property is let to 24 tenants.
IPE Real Estate – 10 July 2018