King Street Real Estate are thrilled to be recognised by CoStar Group as the Quarterly Deals winner in the North West for the acquisition of Movianto, Haydock Green acting on behalf of Clarion Partners Europe. Clarion, who raised £427m of equity commitments for the UK, core-plus logistics fund, have invested £170m within the last 5 months. The property was sourced and delivered off-market by Matthew Cox and the team at KSRE. The Haydock site comprises 381,146 sq.ft and is let to Movianto UK, a leading European supply chain solutions partner offering best-in-class quality for the pharmaceutical, biotech, medical devise and diagnostic industries. In a somewhat subdued UK market, the deal wraps up a busy first half-year for the team at KSRE which has included over £75m of acquisitions and disposals across the industrial, office, drive-thru and leisure sectors. Matthew Cox at King Street Real Estate commented: "with inflation now back at target levels and the first interest rate cut finally delivered by the BoE at the end of July, there is a clear direction of travel towards improving values and increased levels of investment activity. There is now far stronger alignment between vendors and buyers across all sectors - including importantly the recently maligned office and leisure sectors – two areas KSRE have been active in during 2024. Whilst the forthcoming Labour Autumn budget still holds a number of unknowns, and as the structural changes in the PAIF and reductions in the DB Pension Fund real estate allocations wash through, the sentiment heading into the remainder of the year, and early next, is undeniably positive". #industrial #realestate #investment #logistics
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Why is REA Group eyeing a £4.4bn acquisition of Rightmove? This potential move speaks volumes about the confidence in the UK property market's future. Even amid current challenges, a major player like REA sees long-term value and opportunity in acquiring the UK's largest property portal. Could this be a strong indicator that the UK property market, both short and long-term, is poised for positive growth? It’s worth considering how such a significant investment signals optimism and potential for a vibrant market ahead. Under normal economic conditions, the UK property market is typically Solid and Safe. With the new Labour government’s pro-housing policies and a strategy to bolster the UK economy, there is significant potential for Rightmove’s earnings to grow considerably over time, food for thought don't you think? #UKPropertyMarket #UKinvestment #Rightmove #APWproperty #UKpropertynews
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🚀 New Project 🚀 We’re excited to announce the latest acquisition for one of our private investors—a property purchased for £180,000 in Manchester, soon to be transformed into a 7-bed HMO. This property is projected to bring in a substantial gross income of £50,000-£52,000 annually. With an additional investment of around £145,000 for refurbishments, we expect the final revaluation to land between £420,000 and £500,000, giving us the potential to pull out a significant portion of the initial capital invested. This project is one of several commercial properties we’re converting into HMOs. Ready to dive into property investment? Here’s how you can work with us: 1️⃣ Private Members Club – Learn, be mentored, and coached by us to build your property portfolio hands-on Property Wealth & Business Club 2️⃣ Passive Investment Service – Let us handle 90% of the work. With our Property Estate Passive Investing service, you can sit back as we build your portfolio, with your role as an investor to review and approve documents Property Wealth Estates LTD Now is the perfect time to make your move in property! If you’re ready to start or scale, reach out to see which route suits you best. Let’s make property investment work for you! 🏡 #PropertyInvestment #HMO #ManchesterProperty #PassiveIncome #PropertyPortfolio
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📍 Don’t let self-doubt or myths hold you back. 📍 There’s a common myth floating around that the HMO market in London is full and that there’s no space left. But here’s the truth—our rockstar clients are proving otherwise!The market is not saturated—there’s ample opportunity out there. Sometimes, we tell ourselves it’s saturated as an excuse to stay safe and avoid taking risks. But if you’re willing to take action, you can get those deals and create the freedom you want. . HMO landlords need our expertise now more than ever. With the current challenges in property management, especially for HMOs, there’s a real demand for our high-quality service. Unlike standard letting agents, we offer a level of value and dedication that’s unmatched. So, how do you stand out? It’s about delivering exceptional service and communicating that value effectively. As part of our programme, we’ll help you figure out how to stand out, add value, and show why landlords should choose you over anyone else. Ready to make your mark in the HMO market? JOIN OUR EVENT Secure your spot now by registering through the link below: ✅ https://lnkd.in/ez4B6Gwj #renttorent #rent2rentsuccess #propertymanagementuk #womenentrepreneurs #renttorentlivewebinar #hmos #propertyinvestment #londonrealestate #propertymanagement
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Cromwell European REIT divests non-core office asset in Poland at 7.5% premium to the latest valuation. The Manager’s CEO, Simon Garing said “The divestment of Grojeska 5, one of CEREIT’s six office assets in Poland, for €15.86 million (S$23.1 million) is consistent with our previously announced strategy to reduce exposure to non-core markets and B/C grade office assets, effectively reducing the portfolio’s exposure to Poland to 7.4% (down from 8.1%). I would also like to acknowledge our experienced on-the-ground team led by Andreas Hoffmann Louis-Foulques Servajean-Hilst and Dr Piotr Goździewicz, MRICS that made this transaction possible, as well as CMS Poland our legal advisor and Colliers our sales agent." Since the beginning of 2022, CEREIT has executed €253.3 million divestments of non-strategic assets at a healthy 14.2% premium to latest valuations and continues to advance negotiations on other selective opportunities. As the European real estate cycle turns on the back of the expected ECB rate cuts, CEREIT should be in a strong position to take advantage of other opportunities that may also present. For the full announcement, click here https://lnkd.in/gw63kgzK Simon Garing, Shane Hagan, Andreas Hoffmann, Elena Arabadjieva, Tan Kathleen, Dr Piotr Goździewicz, MRICS Louis-Foulques Servajean-Hilst
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We are thrilled to have topped the EG Radius annual agency leaderboards across all sectors, as well as Offices and Industrials specifically. In 2023, we advised on more than 17.5m sq ft of disposals and acquisitions - congratulations to all of our teams! Rob Madden, Head of London Office Brokerage, commented on the success: “The economic headwinds witnessed last year meant the UK leasing market was particularly challenged. This makes this accolade all the more rewarding and demonstrates the strength of our coverage across the UK. We consistently strive to provide a best in class service for our clients, who trust us with delivering for them, and these results are testament to how collaborative, innovative and tenacious our Leasing and Tenant Rep teams are across the board.” “In the office market specifically, Q1 2024 has started with the same positivity we saw at the end of 2023, and we anticipate that the growing supply and demand imbalance for the highest quality buildings in the best locations will be a driver of rental growth over the next 12 months.” Read more: https://cbre.co/3Tgrgfo #CBRE
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There are so many ways to invest in real estate! One of my personal favorite ways to access real estate is through Real Estate Investment Trusts (REITs). REITs are companies that own or finance income-producing real estate across a range of property sectors. Since REITs are required to pay 90% of their earnings to their shareholders, it leaves them about 10% to invest, and the rest goes back to you! There are REITs that own office buildings, casinos, hospitals, and storage facilities. Some REITs even own land, farmland, and more! One of my favorite REITs is a medical REIT that has recently merged to create an even more powerful company. My favorite REIT in this sector is $HR Healthcare Realty. This REIT merged Healthcare Realty Trust and Healthcare Trust of America to make one of the biggest and most successful companies in this real estate sector! #realestate #realestateadvice #realestateinvesting #wealthbuilders #shimoncarroll #Healthcarerealty
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🏢 #REIT Headlines - July 3, 2024 📅 Healthcare Realty Asset Sales Update: 📈 Generated $400M+ from JV and asset sales YTD 📊 Expects proceeds to exceed $1B with pending transactions 💼 Proceeds to fund share repurchases and capital commitments * Braemar Hotels & Resorts (BHR) Cooperation Agreement with Blackwells Capital: 🤝 Enters cooperation agreement, resolves director nominations 📉 Blackwells commits to purchase 3.5M shares, supported by AHT 🌐 Adds independent director, considers Blackwells' input Broadstone Net Lease, Inc. Stategy Update: 🏥 Updates healthcare portfolio strategy to simplify 💰 Sold 38 properties for $262.2M, anticipating $80.3M from pending sales 📅 Transactions to close in July and October 2024
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🔔 Congratulations to the GREAT PORTLAND ESTATES P L C (GPE) and A&O Shearman on producing the #Prospectus for GPE’s rights issue on the London Stock Exchange. Congratulations to other parties on the transaction including Herbert Smith Freehills, Deutsche Numis, Merril Lynch Inc, J.P. Morgan, Deloitte, PwC, Lazard. Many thanks to Great Portland Estates Plc and A&O Shearman for trusting Scribestar. Read about GPE and their plans in the Prospectus available on the FCA's National Storage Mechanism: https://lnkd.in/eJvwT8Yp “Great Portland Estates plc is a United Kingdom-based property investment and development company. It invests in and develops central London real estate. The Group's property portfolio includes ready to fit, fully managed and fitted office spaces as well as Flex partnerships and retail offerings.” “The Company proposes to issue 152,320,747 New Ordinary Shares in connection with the Rights Issue. Through the issue of the New Ordinary Shares, the Company expects to raise gross proceeds of approximately £350 million (approximately £336 million after deductions of estimated commissions, fees and expenses).” CoStar News article: https://lnkd.in/ezSQCACM This and other ScribeStar public transactions available on the Scribestar website; https://lnkd.in/dHgZbgZ #capitalmarkets #ECM #LSEG #London #UK #realestate
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Which REIT Part II Further to my earlier post i have had a few people ask well where would you invest? Which sector? While Goodman is a well run business it has enjoyed huge tailwinds and while their industrial/logistics exposure remains positive, demand for space will be adversly impacted by a slow down in the economy more broadly. I know the residential sector well and the other sectors Im no expert in. I hold the view that Governments will support the delivery of more housing via their policy settings and this can only be positive for the sector in the medium term. Which Companies? Within the Resi sector you have a few choices : 1. Stockland - diversified 2. Mirvac - diversified 3. Ingenia - sector specialists in Land Lease 4. AV Jennings - sector specific in residential Ive been open in my prior post about organisational structure. Having experienced both FLAT and STACK and i know which one i would put my money into. This is not to say a FLAT structure is better as an employee however as an investor I remain of the view the FLAT will outperform the STACK. This said, I believe Stockland is positioned to outperform over the medium term. It would perform even better if it rationalised its management structure to improve its speed to market and remove inertia. Why Stockland? Biggest Exposure to Resi in Aus with the Largest Land Bank - this is a huge advantage in the current environment where suitably zoned land does not exist! The addition of Lend Lease Communities at face value is a positive as it re-stocks their Queensland business which was hampered by a lack of suitable residential land due to a Govt asleep at the wheel. Most Experienced - I have a biased view here however there are very few who would argue that Stockland's resi team are not the best in market and by a wide margin. Land Lease - increasing exposure to this growth sector is a key to Stockland's underlying value. It has the potential to lift its LLC pipeline to 13-15,000, placing it in the winners circle for the most in demand product in Australia with the over 70's market growing at 6.9%! Land Lease is new and growing with the greatest challenge being experienced staff. This will hamper growth however the acquisition of Halcyon brought with it some very experienced management - Stockland needs to ensure they hold onto them and leverage their skills which im sure they are. The other Company that is a complete quandary is AV Jennings. AVJ is trading at a 50% discount to NAB yet has some amazing assets in the resi sector. The issue here is a inexperienced management team and a major investor who seems to sit by and accept lack luster performance. This however is a stock to watch as patience has to run out at some point and in the right hands AVJ has a lot of upside. Ingenia is the other one to watch with a new CEO taking the reins. John Carfi has a lot of development experience and I think he is a good choice and will bring about positive change for Ingenia.
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