Eurofund Goes Shopping For Bradford Mall: The London Deal Sheet

The Deal Sheet is a weekly compilation of Greater London and beyond's biggest leases, sales, financing deals, construction updates and personnel moves. Have news you’d like to submit? Email mark.faithfull@bisnow.com. 

Eurofund Group has bought The Broadway shopping centre in Bradford, which had been placed on the market in September for £74M.

The centre has 56 stores, including Primark, JD Sports, Boots, Superdrug and Next, and Eurofund has promised £10M for an enhancement plan to improve the customer experience and strengthen the leasing mix, the group said.

Construction work on The Broadway began in 2004, but several delays meant it did not open until 2015, costing £260M. Since then, it has had 11 million annual visitors, Eurofund Group said.

The centre had been run by a fixed charge receiver for more than three years, appointed by a secured lender to recover debts owed by a borrower on a loan secured against property or land. 

"The city is undergoing major transformation, and we believe The Broadway is well positioned to play a central role in that evolution," Eurofund CEO Alberto Esguevillas Lete said in a statement.

FINANCE

CBRE Investment Management has launched CBRE UK Single Family Housing Partners, an open-ended residential fund focused on the development and operation of single-family housing. Backed by an initial £400M of capital, the platform will be built on core, long-term capital. 

Central to its strategy is an exclusive partnership with Moda, which will co-invest in the platform and will provide access to a residential land bank of more than 25,000 plots controlled by Moda’s parent company, Caddick Group.

The strategy has a “clear ambition” to grow to £2B in value over time, supported by both the proprietary land pipeline and selective acquisitions from third-party housebuilders, the companies said.

DEALS

Edmond de Rothschild Real Estate Investment Management has made three acquisitions and has two further transactions in exclusivity, with a target to deploy a further £100M in the UK over the next 12 months.

The three purchases are in Marlow, Stafford and most recently Aberdeen.

The most recent acquisition was a hybrid industrial-office building on ABZ Business Park, Aberdeen, let to Oceanscan, a UK-based hydrographic services group. Purchased for approximately £5M, the investment provides long-term income of 14 years and an income return in excess of 7%.

DEBT

Patron Capital has completed its first direct lending deals following the launch of its real estate credit business in 2025. The two loans, totalling £107M, comprise an £87M senior refurbishment facility secured against a City of London office and a £20M senior loan on a UK residential portfolio.

The transactions have been completed following the appointment of Henry Randolph as partner. Randolph joined from CBRE to oversee Patron’s expansion into real estate credit and the establishment of a Patron Capital Credit separately managed account. This forms part of Patron’s long-term partnership with Mitsubishi Estate Global Partners.

The first loan is an £87M, three-year senior refurbishment facility for Juxon House, a 122K SF office at Paternoster Square. The borrower is a special purpose vehicle owned by Hong Kong-listed GR Life Style Company.

Patron has also provided £20M to Signal Capital in the form of a three-year senior whole loan secured against a UK residential portfolio. 

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Hilco Real Estate Finance has completed a £30.6M short-term loan against a six-asset portfolio of retail and residential assets in London.

The 24-month facility has been issued to private investment group Tribeca Holdings and will be used to refinance an existing loan. The six assets include a mixed-use retail and residential building on Bond Street, three properties in Westbourne Grove incorporating retail, residential and hospitality, a residential asset on Lancaster Gate, and a pub in Spitalfields. 

Launched in 2023, HREF offers short-term bridging loans and has launched a medium-term loan product to expand its offering. 

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Morro has secured refinancing for The Altham, its flagship London coliving scheme on Blackhorse Lane, Walthamstow, with Aareal Bank following the building’s opening in March.

Morro is the sister brand of student living specialist Scape and operates as Meanwhile Group’s coliving development and management arm. The loan, totalling more than £65M, marks the fifth transaction that the Meanwhile Group has secured with Aareal.

The Altham is Morro’s first operational scheme in London and its second completed development in the UK after The Guild in Guildford. The 321-bed scheme was completed earlier this year and includes a music venue and ground-floor retail.

DEVELOPMENT

Berkeley has exchanged contracts with Wandle Housing Association to deliver 74 shared ownership homes at Wandsworth Mills.

Berkeley has agreed the forward sale of these homes to Wandle. The homes will be located within Rubia House, which will begin delivery from spring 2027 and form part of the 3.4-acre Wandsworth Mills waterside neighbourhood, comprising 383 homes, both new build and Grade II-listed.

LEASING

Brookfield Properties said strong leasing momentum continued in the first quarter, surpassing 1M SF of office leasing across its City and West End portfolio since the start of 2025. 

The company highlighted the regear and extension of Accenture for 260K SF and QBE Insurance for 100K SF at 30 Fenchurch, a 90K SF letting at One Leadenhall to financial technology company Ripple, a 30% expansion by Uber at Aldgate Tower, a 16K SF letting to CleoAI at The Gilbert, and SoftBank taking 9K SF at 77 Grosvenor Street.

Occupancy across Brookfield’s 5M SF London office portfolio exceeds 98%, and Brookfield Properties said it is now focused on bringing forward its 1.3M SF development pipeline to capitalise on demand.

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Bloom and Crosstree Real Estate Partners have secured 76K SF of lettings at their newly refurbished, multi-let industrial estate in Hayes at rents approaching £30 per SF.

The Rock-It Company has leased 60K SF, taking two refurbished units out of the five units at Bloom Hayes, and Direct Link has agreed a new 10-year lease on its existing 16,100 SF unit. Another unit is let to Ford, leaving one 17,100 SF unit available.

Bloom Hayes, formerly Fairview Business Centre, was the first investment for Crosstree and Bloom’s £200M joint venture, created in 2024 to target underinvested assets in supply-constrained last-mile locations in London and the south-east.