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<title>Ardent Brings £70M Royal Exchange To Market: The London Deal Sheet</title>
<link>https://www.bisnow.com/london/news/deal-sheet/ardent-brings-70m-royal-exchange-to-market-the-london-deal-sheet-134863</link>
<guid>https://www.bisnow.com/london/news/deal-sheet/ardent-brings-70m-royal-exchange-to-market-the-london-deal-sheet-134863</guid>
<description>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. 
U.S.-based The Ardent Cos. has...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Thu, 04 Jun 2026 07:17:32 -0400</pubDate>
<content:encoded><![CDATA[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. 
U.S.-based The Ardent Cos. has instructed Savills and Knight Frank to market its long-leasehold interest in the Grade I-listed Royal Exchange with an asking price of around £70M.
The historic retail and leisure asset spans 51K SF across the lower-ground, ground-floor, mezzanine and terrace levels surrounding the covered courtyard. The sale comes less than four years after Ardent acquired the property from Oxford Properties for close to £50M in 2022.]]></content:encoded>
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<title>EQT Buys 6 Assets For £199M As Tritax Reshapes Portfolio</title>
<link>https://www.bisnow.com/london/news/industrial/eqt-buys-6-assets-199m-tritax-reshapes-portfolio-134845</link>
<guid>https://www.bisnow.com/london/news/industrial/eqt-buys-6-assets-199m-tritax-reshapes-portfolio-134845</guid>
<description>Tritax Big Box REIT has completed the sale of six logistics assets to EQT Real Estate for £199M as the FTSE 100 landlord continues to recycle capital from stabilised assets and into higher-return logistics developments and data centre projects.
The...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Wed, 03 Jun 2026 06:10:48 -0400</pubDate>
<content:encoded><![CDATA[Tritax Big Box REIT has completed the sale of six logistics assets to EQT Real Estate for £199M as the FTSE 100 landlord continues to recycle capital from stabilised assets and into higher-return logistics developments and data centre projects.
The portfolio comprises big-box and urban logistics assets in Leamington Spa, Peterborough, Didcot and Kettering.
They generate £12M of contracted annual rent, and the assets were sold in line with their book values, “underscoring continued investor appetite for UK logistics real estate despite a more selective investment market,” Tritax said in a regulatory statement.
The transaction marks a significant acquisition for EQT Real Estate, which...]]></content:encoded>
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<title>UK Real Estate Development: Can It Still Stack Up?</title>
<link>https://www.bisnow.com/london/news/commercial-real-estate/impediments-to-development-and-investment-in-uk-real-estate-are-real-here-is-what-to-do-about-them-133932</link>
<guid>https://www.bisnow.com/london/news/commercial-real-estate/impediments-to-development-and-investment-in-uk-real-estate-are-real-here-is-what-to-do-about-them-133932</guid>
<description>The slump in new-build construction continued at the start of the year. February marked the 14th consecutive month of declining activity, and the pace of decline had quickened since January.
“The industry is being held back by significant and longstanding...</description>
<author>felicity.francis@bisnow.com</author>
<pubDate>Wed, 01 Apr 2026 05:23:13 -0400</pubDate>
<content:encoded><![CDATA[The slump in new-build construction continued at the start of the year. February marked the 14th consecutive month of declining activity, and the pace of decline had quickened since January.
“The industry is being held back by significant and longstanding challenges,” said Phil Westerman, head of real estate at accountancy practice Buzzacott. “The government continues to create uncertainty with its policies, or lack of policies, and businesses need to find alternative ways to secure and progress projects that are both deliverable and financially viable.”
Bisnow spoke to Westerman about the current challenges and the solutions that might be available.
Planning And Regulations
The first key...]]></content:encoded>
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<title>Greystar Completes £2.3B Fundraise To Target 'Compelling' Value-Add Resi Sector </title>
<link>https://www.bisnow.com/london/news/build-to-rent/greystar-completes-27b-fundraise-target-compelling-value-add-resi-sector-134818</link>
<guid>https://www.bisnow.com/london/news/build-to-rent/greystar-completes-27b-fundraise-target-compelling-value-add-resi-sector-134818</guid>
<description>Greystar has raised €2.7B (£2.3B) for its Greystar Equity Partners Europe II fund as it looks to capitalise on "compelling" opportunities in the European rented residential sector. 
The mandate provides Greystar with more than €6.8B of investment...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Tue, 02 Jun 2026 05:42:06 -0400</pubDate>
<content:encoded><![CDATA[Greystar has raised €2.7B (£2.3B) for its Greystar Equity Partners Europe II fund as it looks to capitalise on "compelling" opportunities in the European rented residential sector. 
The mandate provides Greystar with more than €6.8B of investment capacity across acquisitions and development, to be targeted at key European cities, the company said.
Greystar said that GEPE II was 76% bigger than its predecessor, with €2.2B committed to the fund and an additional €550M committed to discretionary co-investment vehicles.
The fund is being deployed for acquisitions and developments in European markets including the UK, Ireland, Spain, the Netherlands, Germany, Austria, Denmark and France, focusing on markets...]]></content:encoded>
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<title>Consortium To Redevelop £70M City Of London Office</title>
<link>https://www.bisnow.com/london/news/construction-development/alinor-lugus-pillar-to-redevelop-70m-garden-house-office-134800</link>
<guid>https://www.bisnow.com/london/news/construction-development/alinor-lugus-pillar-to-redevelop-70m-garden-house-office-134800</guid>
<description>Alinor Capital Management and UK and Irish real estate investment and asset management firm Lugus Capital have acquired Garden House, a vacant office building in the City of London, in partnership with development partner Pillar Development Management.
Located...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Mon, 01 Jun 2026 05:53:02 -0400</pubDate>
<content:encoded><![CDATA[Alinor Capital Management and UK and Irish real estate investment and asset management firm Lugus Capital have acquired Garden House, a vacant office building in the City of London, in partnership with development partner Pillar Development Management.
Located on Throgmorton Avenue opposite Blackrock’s existing headquarters, the 54K SF building was formerly in use as part of Deutsche Bank’s London Wall campus.
The office will be refurbished and repositioned as a “best-in-class office asset, responding to occupier demand for high-quality, sustainable, and well-connected office space in a supply-constrained market,” according to the companies. This will include improved workspaces, end-of-trip facilities, terraces and an...]]></content:encoded>
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<title>EXCLUSIVE: Startup Looks To Build £200M UK Portfolio In A New Asset Class: American Car Washes</title>
<link>https://www.bisnow.com/london/news/commercial-real-estate/exclusive-startup-looks-to-build-200m-portfolio-in-a-new-asset-class-american-car-washes-134784</link>
<guid>https://www.bisnow.com/london/news/commercial-real-estate/exclusive-startup-looks-to-build-200m-portfolio-in-a-new-asset-class-american-car-washes-134784</guid>
<description>In the U.S., slick, automated car washes run on a customer subscription model have become a $15B industry, attracting attention from private equity firms looking to consolidate a fragmented market. 
Now, a new company is looking to bring the model to...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Fri, 29 May 2026 12:39:32 -0400</pubDate>
<content:encoded><![CDATA[In the U.S., slick, automated car washes run on a customer subscription model have become a $15B industry, attracting attention from private equity firms looking to consolidate a fragmented market. 
Now, a new company is looking to bring the model to the UK and deploy around £200M buying sites and building car washes, Bisnow can reveal.]]></content:encoded>
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<title>Firethorn Puts Spy Building Up For Sale: The London Deal Sheet</title>
<link>https://www.bisnow.com/london/news/deal-sheet/firethorn-puts-spy-building-up-for-sale-london-deal-sheet-134755</link>
<guid>https://www.bisnow.com/london/news/deal-sheet/firethorn-puts-spy-building-up-for-sale-london-deal-sheet-134755</guid>
<description>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. 
Firethorn has put One Bessborough...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Thu, 28 May 2026 03:36:33 -0400</pubDate>
<content:encoded><![CDATA[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. 
Firethorn has put One Bessborough Gardens up for sale via JLL. The landmark building is rumoured to have previously been used as a training facility by MI5.
The building occupies a prominent position at the northern approach to Vauxhall Bridge and, despite its heritage appearance, was completed in 1988 and officially opened by King Charles III, then the Prince of Wales.The vacant building has been stripped back internally to its concrete frame,...]]></content:encoded>
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<title>Ardent Launches UK Self-Storage Platform With Plans For Up To 20 Sites</title>
<link>https://www.bisnow.com/london/news/self-storage/ardent-launches-uk-self-storage-platform-with-plans-for-up-to-20-sites-134736</link>
<guid>https://www.bisnow.com/london/news/self-storage/ardent-launches-uk-self-storage-platform-with-plans-for-up-to-20-sites-134736</guid>
<description>Atlanta-based investor The Ardent Cos. has made its latest bet on the UK with the launch of a new self-storage platform called The Place 4 Self Storage.
The initial platform has been seeded with three assets in Alton, Petersfield and Swindon, with Ardent...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Wed, 27 May 2026 06:19:26 -0400</pubDate>
<content:encoded><![CDATA[Atlanta-based investor The Ardent Cos. has made its latest bet on the UK with the launch of a new self-storage platform called The Place 4 Self Storage.
The initial platform has been seeded with three assets in Alton, Petersfield and Swindon, with Ardent looking to eventually open 15 to 20 sites across the UK.
Ardent established its UK business in 2021 with plans to deploy more than £390M across acquisitions and debt strategies, initially focusing on logistics and value-add opportunities. Its first UK deal saw the acquisition of 1.4M SF of logistics assets from M7 Real Estate for around £55M, and it has also acquired Touchwood...]]></content:encoded>
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<title>Canary Wharf's £1.5B BTR Bet Pays Off</title>
<link>https://www.bisnow.com/london/news/build-to-rent/canary-wharf-15b-btr-bet-pays-off-134722</link>
<guid>https://www.bisnow.com/london/news/build-to-rent/canary-wharf-15b-btr-bet-pays-off-134722</guid>
<description>Canary Wharf Group’s build-to-rent division, Vertus, got off to something of a false start.
It came out of the gate hot with its first building, the 327-apartment 10 George Street, and completed more than 40 lettings in the first month. Unfortunately,...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Tue, 26 May 2026 11:21:32 -0400</pubDate>
<content:encoded><![CDATA[Canary Wharf Group’s build-to-rent division, Vertus, got off to something of a false start.
It came out of the gate hot with its first building, the 327-apartment 10 George Street, and completed more than 40 lettings in the first month. Unfortunately, that month was February 2020.]]></content:encoded>
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<title>Canadian Giant Close To Buying Industrial Specialist Chancerygate</title>
<link>https://www.bisnow.com/london/news/industrial/canadian-giant-dream-closes-in-on-industrial-specialist-chancerygate-134717</link>
<guid>https://www.bisnow.com/london/news/industrial/canadian-giant-dream-closes-in-on-industrial-specialist-chancerygate-134717</guid>
<description>Toronto-listed asset manager Dream Unlimited is closing in on a deal to acquire industrial developer Chancerygate, Green Street News reports.
Dream would buy out Chancerygate founder Andrew Johnson, while the company’s existing management team, led...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Tue, 26 May 2026 05:44:16 -0400</pubDate>
<content:encoded><![CDATA[Toronto-listed asset manager Dream Unlimited is closing in on a deal to acquire industrial developer Chancerygate, Green Street News reports.
Dream would buy out Chancerygate founder Andrew Johnson, while the company’s existing management team, led by Managing Director Richard Bains, will remain in place and retain a minority stake in the business.
The agreement is targeted for signing next month. Once completed, the deal would give Chancerygate access to a significantly larger balance sheet, allowing the developer to scale its operations, expand staff numbers across Europe and inject more equity into joint ventures and fund structures.
Chancerygate manages more than £700M of assets and has...]]></content:encoded>
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<title>Eurofund Goes Shopping For Bradford Mall: The London Deal Sheet</title>
<link>https://www.bisnow.com/london/news/deal-sheet/eurofund-goes-shopping-bradford-mall-london-deal-sheet-134678</link>
<guid>https://www.bisnow.com/london/news/deal-sheet/eurofund-goes-shopping-bradford-mall-london-deal-sheet-134678</guid>
<description>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...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Thu, 21 May 2026 06:33:42 -0400</pubDate>
<content:encoded><![CDATA[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...]]></content:encoded>
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<title>Aermont Makes £768M Bet On UK Leisure Property Market</title>
<link>https://www.bisnow.com/london/news/capital-markets/aermont-makes-768m-bet-uk-leisure-property-market-134686</link>
<guid>https://www.bisnow.com/london/news/capital-markets/aermont-makes-768m-bet-uk-leisure-property-market-134686</guid>
<description>Real estate private equity firm Aermont Capital has bought UK holiday parks operator Park Holidays from Sun Communities for £768M ($1B), in one of its largest UK buys ever. 
Sun, a U.S. REIT, revealed the transaction in a stock exchange announcement...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Thu, 21 May 2026 12:27:47 -0400</pubDate>
<content:encoded><![CDATA[Real estate private equity firm Aermont Capital has bought UK holiday parks operator Park Holidays from Sun Communities for £768M ($1B), in one of its largest UK buys ever. 
Sun, a U.S. REIT, revealed the transaction in a stock exchange announcement Thursday morning. The deal is expected to close in the second half of the year. 
Sun, which specialises in manufactured housing and roving vehicle parks, bought Park Holidays for £950M in 2021. It spent another £250M buying in the company’s freeholds, taking its total outlay on the company to more than £1.2B. 
In that sense, Aermont, which is owned by listed Singaporean investor Keppel,...]]></content:encoded>
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<title>Cerberus' £300M-Plus Luxury London Resi Bet Reaches Moment Of Truth</title>
<link>https://www.bisnow.com/london/news/construction-development/cerberus-300m-plus-luxury-london-resi-bet-reaches-moment-of-truth-134658</link>
<guid>https://www.bisnow.com/london/news/construction-development/cerberus-300m-plus-luxury-london-resi-bet-reaches-moment-of-truth-134658</guid>
<description>A luxury residential tower in south-west London, backed by U.S. private equity firm Cerberus Capital Management and opposed by numerous celebrities, received a seismic blow last week. 
A planning application for the 29-storey, 110-apartment Glassmill...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Wed, 20 May 2026 08:28:19 -0400</pubDate>
<content:encoded><![CDATA[A luxury residential tower in south-west London, backed by U.S. private equity firm Cerberus Capital Management and opposed by numerous celebrities, received a seismic blow last week. 
A planning application for the 29-storey, 110-apartment Glassmill project was rejected by Wandsworth Council officers last year. And last week, the Planning Inspectorate refused the owner — a joint venture between Cerberus and developer Rockwell — the right to appeal the decision. ]]></content:encoded>
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<title>The Good, The Bad And The Simple Truth: Why A REIT Structure Might Be Right For Your Investment</title>
<link>https://www.bisnow.com/london/news/commercial-real-estate/good-bad-simple-truth-why-reit-structure-might-be-right-for-your-investment-134200</link>
<guid>https://www.bisnow.com/london/news/commercial-real-estate/good-bad-simple-truth-why-reit-structure-might-be-right-for-your-investment-134200</guid>
<description>After a slow start almost 20 years ago, REITs have grown in popularity in the UK. When the government opened the regime to private investors in 2022, the number of REITs increased by 61% in just a year. 
However, an increasing number of investors are...</description>
<author>felicity.francis@bisnow.com</author>
<pubDate>Mon, 20 Apr 2026 13:08:48 -0400</pubDate>
<content:encoded><![CDATA[After a slow start almost 20 years ago, REITs have grown in popularity in the UK. When the government opened the regime to private investors in 2022, the number of REITs increased by 61% in just a year. 
However, an increasing number of investors are breaching its requirements and paying the consequences. For that reason, it is imperative to ensure strong compliance procedures and processes are implemented and maintained.
This is the view of Gen II Head of Real Assets Ben Mardon and Director, Head of Real Assets in the UK Barry Hindmarch.
Bisnow spoke to Mardon and Hindmarch about which investors can...]]></content:encoded>
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<title>British Land Warns On Geopolitical Risk But Says London Office Leasing Will Hold Up</title>
<link>https://www.bisnow.com/london/news/office/british-land-rides-return-to-work-london-demand-warns-geopolitical-risk-134660</link>
<guid>https://www.bisnow.com/london/news/office/british-land-rides-return-to-work-london-demand-warns-geopolitical-risk-134660</guid>
<description>British offices are full again, at least according to British Land CEO Simon Carter, as the REIT declared the long-running debate over the impact of working from home effectively finished.
It reported another year of strong demand across its London campuses...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Wed, 20 May 2026 09:36:37 -0400</pubDate>
<content:encoded><![CDATA[British offices are full again, at least according to British Land CEO Simon Carter, as the REIT declared the long-running debate over the impact of working from home effectively finished.
It reported another year of strong demand across its London campuses and retail parks, with technology and artificial intelligence occupiers driving a fresh leasing wave. 
Underlying profit for the year to March came in at £294M, slightly ahead of analyst expectations of £291M, as occupancy levels tightened and rental growth accelerated at flagship office schemes, including Broadgate and Regent’s Place. 
“The return-to-office debate is over,” Carter said, pointing to leasing demand that he described as the...]]></content:encoded>
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<title>From The Baltic To The Med, Investors Search For Solutions To Europe's Intractable Housing Crisis</title>
<link>https://www.bisnow.com/london/news/affordable-housing/investors-from-nordic-to-med-to-solve-european-housing-crisis-134592</link>
<guid>https://www.bisnow.com/london/news/affordable-housing/investors-from-nordic-to-med-to-solve-european-housing-crisis-134592</guid>
<description>From Madrid to Manchester, Copenhagen to Dublin, European housing has been hit by a perfect storm of rising costs, planning paralysis and retreating developers. A shortfall of affordable homes has turned into a full-blown crisis. 
Every city, every country,...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Fri, 15 May 2026 05:15:54 -0400</pubDate>
<content:encoded><![CDATA[From Madrid to Manchester, Copenhagen to Dublin, European housing has been hit by a perfect storm of rising costs, planning paralysis and retreating developers. A shortfall of affordable homes has turned into a full-blown crisis. 
Every city, every country, thinks its housing crisis is unique. But the same story is on repeat across a continent that has failed to build during the good economic times and the bad.
“We, as a civilisation, haven't figured out how to build enough homes for the people that live in our communities,” Gensler Global Director of Cities and Urban Design Ian Mulcahey said. ]]></content:encoded>
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<title>Czech Billionaire Emerges As Front-Runner For £282M West End Office</title>
<link>https://www.bisnow.com/london/news/commercial-real-estate/kkcg-emerges-as-frontrunner-for-282m-valued-1-st-jamess-square-134613</link>
<guid>https://www.bisnow.com/london/news/commercial-real-estate/kkcg-emerges-as-frontrunner-for-282m-valued-1-st-jamess-square-134613</guid>
<description>A Czech billionaire-backed investment group has emerged as the front-runner to acquire one of London’s highest-profile office buildings, according to a report from Green Street News, in what would be its second major London office deal of late. 
KKCG,...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Mon, 18 May 2026 07:40:06 -0400</pubDate>
<content:encoded><![CDATA[A Czech billionaire-backed investment group has emerged as the front-runner to acquire one of London’s highest-profile office buildings, according to a report from Green Street News, in what would be its second major London office deal of late. 
KKCG, the investment group controlled by billionaire Karel Komárek, is understood to have submitted a £282M bid for 1 St James’s Square, putting it ahead of rival bidders for the landmark West End office asset. The offer was made alongside development manager YardNine.
The building is owned by Hong Kong-listed Lifestyle International Holdings, which has been weighing whether to sell the property or press ahead...]]></content:encoded>
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<title>Top Retail Investor Says Cash Is King When Analysing Deals</title>
<link>https://www.bisnow.com/london/news/retail/top-retail-investor-cash-is-king-when-analysing-deals-134584</link>
<guid>https://www.bisnow.com/london/news/retail/top-retail-investor-cash-is-king-when-analysing-deals-134584</guid>
<description>The investor that undertook one of the biggest UK shopping centre deals of the past few years said it is laser-focused on the true levels of income produced by a scheme when it is underwriting new deals.
“Possibly the biggest shift we've seen over...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Thu, 14 May 2026 12:12:24 -0400</pubDate>
<content:encoded><![CDATA[The investor that undertook one of the biggest UK shopping centre deals of the past few years said it is laser-focused on the true levels of income produced by a scheme when it is underwriting new deals.
“Possibly the biggest shift we've seen over the last few years is investors like ourselves are so much more focused on cash rather than pricing in a yield movement or an [estimated rental value] shift,” Redical Head of Asset Management Stephen Daniels said at Bisnow’s UK Retail Real Estate Conference, held at 1 Wimpole Street. 
“We price what we think very fairly, very rigidly, just based on true income.”]]></content:encoded>
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<title>Cambridge Does Heavy Lifting As Golden Triangle Takeup 35% Above 5-Year Average</title>
<link>https://www.bisnow.com/london/news/life-sciences/cambridge-does-heavy-lifting-as-golden-triangle-take-up-35-above-5-year-average-134553</link>
<guid>https://www.bisnow.com/london/news/life-sciences/cambridge-does-heavy-lifting-as-golden-triangle-take-up-35-above-5-year-average-134553</guid>
<description>Takeup of science-related real estate across the UK’s Golden Triangle of London, Oxford and Cambridge was up 35% in the first quarter, according to Savills, with Cambridge accounting for nearly two-thirds of that space.
Lettings reached 457K SF in Q1...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Wed, 13 May 2026 04:44:51 -0400</pubDate>
<content:encoded><![CDATA[Takeup of science-related real estate across the UK’s Golden Triangle of London, Oxford and Cambridge was up 35% in the first quarter, according to Savills, with Cambridge accounting for nearly two-thirds of that space.
Lettings reached 457K SF in Q1 2026, 35% above the quarterly five-year average. Cambridge recorded 298K SF of takeup to a range of major global technology and science-led occupiers, including Nvidia, Huawei and Aveva.
A number of occupiers committed to scaled-up size requirements, which Savills said signalled confidence among more mature science and technology companies.
Both London and Oxford had more muted starts to the year, recording just under 80K SF each,...]]></content:encoded>
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<title>£450M Sale Launched For Debt-Laden Shopping Centre</title>
<link>https://www.bisnow.com/london/news/retail/sale-launched-for-450m-debt-laden-shopping-centre-134538</link>
<guid>https://www.bisnow.com/london/news/retail/sale-launched-for-450m-debt-laden-shopping-centre-134538</guid>
<description>The sale of one of the UK’s largest shopping centres, once owned by collapsed REIT Intu, has launched.
Knight Frank has been appointed to sell the 2.1M SF Metrocentre in Gateshead, north east England, according to a statement to investors that own the...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Tue, 12 May 2026 11:47:26 -0400</pubDate>
<content:encoded><![CDATA[The sale of one of the UK’s largest shopping centres, once owned by collapsed REIT Intu, has launched.
Knight Frank has been appointed to sell the 2.1M SF Metrocentre in Gateshead, north east England, according to a statement to investors that own the debt secured against the mall. 
The guide price is likely to be around £450M, and the sale will be seen as a test of the recovery in sentiment for large UK shopping centres and for large UK commercial property deals more generally. 
There is £693M of securitised debt outstanding against the centre, putting it underwater.
Those debt investors have a chance...]]></content:encoded>
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<title>£400M UK REIT Bought At A Discount</title>
<link>https://www.bisnow.com/london/news/economic-development/londonmetric-and-schroder-real-estate-investment-trust-in-4034m-picton-takeover-bid-134533</link>
<guid>https://www.bisnow.com/london/news/economic-development/londonmetric-and-schroder-real-estate-investment-trust-in-4034m-picton-takeover-bid-134533</guid>
<description>A consortium led by LondonMetric Property and Schroder Real Estate Investment Trust has reached agreement in principle on a proposed £403M takeover of Picton Property Income.
LondonMetric and Schroder will pay for Picton in shares. Based on the companies’...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Tue, 12 May 2026 05:32:48 -0400</pubDate>
<content:encoded><![CDATA[A consortium led by LondonMetric Property and Schroder Real Estate Investment Trust has reached agreement in principle on a proposed £403M takeover of Picton Property Income.
LondonMetric and Schroder will pay for Picton in shares. Based on the companies’ closing share prices on 11 May, the offer values Picton at 78.2 pence per share, representing a 7% premium on Picton’s closing share price and a 24% discount to its last published net asset value. 
The consortium said the proposed transaction would leave Picton shareholders owning approximately 4% of the enlarged LondonMetric and 48.2% of the enlarged SREIT business following completion.
Picton owns a...]]></content:encoded>
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<title>Benson Elliot Snags Huge Pre-Let At £400M London Office</title>
<link>https://www.bisnow.com/london/news/office/benson-elliot-snags-huge-prelet-at-400m-london-office-134483</link>
<guid>https://www.bisnow.com/london/news/office/benson-elliot-snags-huge-prelet-at-400m-london-office-134483</guid>
<description>Benson Elliot and Hobart Capital Partners have pre-let the entirety of The Mark, a 250K SF, Grade A office development at 47-50 Mark Lane, to insurance broker Lockton.
Lockton will relocate from the St Botolph Building, its London home since 2010, where...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Thu, 07 May 2026 13:17:45 -0400</pubDate>
<content:encoded><![CDATA[Benson Elliot and Hobart Capital Partners have pre-let the entirety of The Mark, a 250K SF, Grade A office development at 47-50 Mark Lane, to insurance broker Lockton.
Lockton will relocate from the St Botolph Building, its London home since 2010, where it currently occupies approximately 130K SF. The move doubles its London footprint and establishes a London headquarters for Lockton’s international regions, supporting its businesses outside of North America. 
The London office of Lockton Re, its global reinsurance business, will also relocate to the new office.
The development is being delivered by a joint venture between Benson Elliot, the European real estate...]]></content:encoded>
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<title>Frasers Group Goes Shopping For More Outlets: The London Deal Sheet</title>
<link>https://www.bisnow.com/london/news/deal-sheet/frasers-group-shopping-more-outlets-london-deal-sheet-134472</link>
<guid>https://www.bisnow.com/london/news/deal-sheet/frasers-group-shopping-more-outlets-london-deal-sheet-134472</guid>
<description>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.
Expansionist retail group Frasers...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Thu, 07 May 2026 05:07:11 -0400</pubDate>
<content:encoded><![CDATA[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.
Expansionist retail group Frasers has acquired the York Designer Outlet and East Midlands Designer Outlet from Aviva Investors for about £400M as part of disposals from the latter’s Real Estate Active LTAF.
Comprising 120 units and totalling 250K SF, York Designer Outlet Centre is situated on the south edge of York and approximately 10 minutes’ drive from the city centre. East Midlands Designer Outlet was built in 1998 on the site of...]]></content:encoded>
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<title>The Software That Tells The Full Story Of An Asset Right Through The Capital Stack</title>
<link>https://www.bisnow.com/london/news/commercial-real-estate/software-that-tells-full-story-asset-right-through-capital-stack-134051</link>
<guid>https://www.bisnow.com/london/news/commercial-real-estate/software-that-tells-full-story-asset-right-through-capital-stack-134051</guid>
<description>It’s easy to imagine the scenario: A critical cost change is made on a spreadsheet, saved to someone’s hard drive. The origin of the change is lost during months of project administration, to the point that no one knows whose decision it was or how...</description>
<author>felicity.francis@bisnow.com</author>
<pubDate>Thu, 09 Apr 2026 04:27:37 -0400</pubDate>
<content:encoded><![CDATA[It’s easy to imagine the scenario: A critical cost change is made on a spreadsheet, saved to someone’s hard drive. The origin of the change is lost during months of project administration, to the point that no one knows whose decision it was or how it affects margins.
Even in a world of smartphones and artificial intelligence, manual processes using spreadsheets, emails and Word documents are still costing real estate businesses millions, said Gavin Gleave, CEO and founder of Fu3e, which provides a cloud-based business management platform specifically for real estate. 
“The overarching need for all our clients is to tell the full story of...]]></content:encoded>
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<title>Dominus And Cheyne Capital Snag £250M Funding As Student Deals Hit £2.1B</title>
<link>https://www.bisnow.com/london/news/student-housing/pbsa-deals-hit-21b-dominus-cheyne-capital-snag-250m-funding-134449</link>
<guid>https://www.bisnow.com/london/news/student-housing/pbsa-deals-hit-21b-dominus-cheyne-capital-snag-250m-funding-134449</guid>
<description>Dominus and Cheyne Capital have secured £250M of debt from Standard Chartered to fund the ongoing transformation of a former office building at 65 Fleet Street into a student living scheme, following a strong quarter for student living deals.
The 13-storey,...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Wed, 06 May 2026 08:31:27 -0400</pubDate>
<content:encoded><![CDATA[Dominus and Cheyne Capital have secured £250M of debt from Standard Chartered to fund the ongoing transformation of a former office building at 65 Fleet Street into a student living scheme, following a strong quarter for student living deals.
The 13-storey, 370K SF gross internal area scheme will create 875 student rooms, 35% of which will be offered at affordable rents capped by the mayor of London, alongside facilities including private dining rooms, a gym and wellness facilities. Eastdil Secured advised on the financing transaction.
Alongside the purpose-built student accommodation, the development will deliver cultural space on the ground and lower ground floors,...]]></content:encoded>
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<title>£10B UK-Based Investment Giant To Buy £420M Hotel Portfolio</title>
<link>https://www.bisnow.com/london/news/hotel/10b-uk-based-investment-giant-buying-420m-hotel-portfolio-134426</link>
<guid>https://www.bisnow.com/london/news/hotel/10b-uk-based-investment-giant-buying-420m-hotel-portfolio-134426</guid>
<description>The hotel investment firm owned by the Livingstone brothers is in advanced talks to buy a UK portfolio for about £420M.
L&amp;R Hotels is finalising heads of terms to buy the Bird portfolio from Netherlands-based Vastint, Green Street News reported. 
The...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Tue, 05 May 2026 12:00:33 -0400</pubDate>
<content:encoded><![CDATA[The hotel investment firm owned by the Livingstone brothers is in advanced talks to buy a UK portfolio for about £420M.
L&R Hotels is finalising heads of terms to buy the Bird portfolio from Netherlands-based Vastint, Green Street News reported. 
The portfolio comprises 15 assets and 3,230 rooms. It includes the largest collection of Moxy hotels in Europe, totalling 13 of the properties. Moxy is a midmarket lifestyle brand by Marriott. 
The portfolio has two hotels in London, two in Glasgow, plus outposts in Chester, Inverness, Edinburgh, York, Birmingham, Milton Keynes, Bristol, Southampton and London.
The portfolio was strongly bid, with the Abu Dhabi Investment Authority...]]></content:encoded>
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<title>Hines Is Buying Offices Again</title>
<link>https://www.bisnow.com/london/news/office/hines-compelling-opportunity-top-tier-european-offices-134420</link>
<guid>https://www.bisnow.com/london/news/office/hines-compelling-opportunity-top-tier-european-offices-134420</guid>
<description>Global investment giant Hines is getting back into the office investment market in the UK and Europe. 
A clear divergence is emerging across Europe's office markets, with tenant demand concentrated on high-quality buildings, shifting the market toward...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Tue, 05 May 2026 06:46:07 -0400</pubDate>
<content:encoded><![CDATA[Global investment giant Hines is getting back into the office investment market in the UK and Europe. 
A clear divergence is emerging across Europe's office markets, with tenant demand concentrated on high-quality buildings, shifting the market toward prime assets and creating a “selective but compelling buying opportunity” for top-tier European offices, according to new research from Hines.
In markets where new supply is limited, particularly across core central business districts such as London’s West End, competition for high-quality space is intensifying, and this is being reflected in market activity, signalling investor confidence is returning, Hines added.
In its European Prime Office Rebound report, Hines found that...]]></content:encoded>
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<title>Canadian Investor In Talks To Buy £675M UK Student Portfolio</title>
<link>https://www.bisnow.com/london/news/student-housing/canadian-investor-talks-to-buy-675m-uk-student-portfolio-134389</link>
<guid>https://www.bisnow.com/london/news/student-housing/canadian-investor-talks-to-buy-675m-uk-student-portfolio-134389</guid>
<description>Canadian pension fund La Caisse is in talks to buy a nine-asset UK student accommodation portfolio in one of the largest deals for the sector over the past few years. 
La Caisse has agreed to buy the portfolio from DWS, Green Street News reported. It...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Fri, 01 May 2026 12:58:08 -0400</pubDate>
<content:encoded><![CDATA[Canadian pension fund La Caisse is in talks to buy a nine-asset UK student accommodation portfolio in one of the largest deals for the sector over the past few years. 
La Caisse has agreed to buy the portfolio from DWS, Green Street News reported. It is buying the portfolio alongside its current operator, Vita, which also developed the assets. 
The portfolio comprises 3,200 beds across four properties in Manchester, one in Glasgow, one in Edinburgh, one in Newcastle, one in Leeds and one in Birmingham. The assets are all operational and have seen good performance and rental growth, Green Street reported.
DWS originally bought the portfolio...]]></content:encoded>
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<title>What A Hyperscaler Wants From UK Data Centres</title>
<link>https://www.bisnow.com/london/news/data-center-development/what-a-hyperscaler-wants-from-uk-data-centres-134381</link>
<guid>https://www.bisnow.com/london/news/data-center-development/what-a-hyperscaler-wants-from-uk-data-centres-134381</guid>
<description>Power and planning.
Those are the key areas where the UK needs to improve to attract the data centre occupiers that are driving the growth of artificial intelligence and the global economy, according to one of the world’s largest hyperscalers. 
“Those...</description>
<author>mike.phillips@bisnow.com</author>
<pubDate>Fri, 01 May 2026 11:24:07 -0400</pubDate>
<content:encoded><![CDATA[Power and planning.
Those are the key areas where the UK needs to improve to attract the data centre occupiers that are driving the growth of artificial intelligence and the global economy, according to one of the world’s largest hyperscalers. 
“Those are the fundamentals that you require. But the big challenge we're facing in the UK now, particularly in and around London, is incredibly long power connection timelines,” Google UK Lead for Energy and Location Strategy Jess Simmonds told an audience of more than 250 people at Bisnow’s UK Data Centre Investment and Development Conference.]]></content:encoded>
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<title>Legendre JV Plans Hammersmith Office-To-Hotel Conversion: The London Deal Sheet</title>
<link>https://www.bisnow.com/london/news/deal-sheet/legendre-jv-hammersmith-office-to-hotel-conversion-the-london-deal-sheet-134361</link>
<guid>https://www.bisnow.com/london/news/deal-sheet/legendre-jv-hammersmith-office-to-hotel-conversion-the-london-deal-sheet-134361</guid>
<description>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. 
Legendre UK, with joint venture...</description>
<author>mark.faithfull@bisnow.com</author>
<pubDate>Thu, 30 Apr 2026 03:52:51 -0400</pubDate>
<content:encoded><![CDATA[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. 
Legendre UK, with joint venture partners Central & Provincial and Candour Properties, has achieved planning consent for an office-to-hotel conversion expected to create nearly 70K SF of accommodation, wellness facilities, retail, exhibition and coworking space.
Supported by DP9, Bevan Brittan and Landmark Chambers, Legendre UK received full planning consent Monday for the historic Grove House, located on Hammersmith Grove, originally designed by Sir John Burnet Tait & Partners and built in 1949.]]></content:encoded>
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