Forma Real Estate Funds

Fund II has a secured a c £12M loan from HSBC on our 19-31 Piccadilly asset in Manchester city centre.  The property, prominently located on Piccadilly Gardens, was acquired in Q4 2024 and is multi-let to Morrisons, Nando’s, Zizzis and a 157 bed Travelodge hotel. Chris Taylor, UK CEO said “Further to our all-equity purchase of 19-31 Piccadilly at the end of last year, we are delighted to have secured debt financing for the property from HSBC. It was a pleasure working with their local team in a very smooth transaction and we look forward to progressing our business plan for the asset with their support.” 

Successful exit of Metzpoint Eindhoven.   Located at business park Poort van Metz along the A2, this landmark property consists of two office buildings totalling over 8,879 sqm with 227 parking spaces.   Following the departure of the anchor tenant, a strategic decision was made to modernize the complex into a high-quality, multi-tenant office environment. The renovation introduced a new design, upgraded facilities, and new hospitality style amenities including a coffee bar, extensive outside terrace and modern meeting rooms.   As a result of the refurbishment, more than 6,000 sqm of office space has been leased to eight new tenants, securing a long-term, stable rental income. With the property now fully occupied and repositioned as a modernised sustainable, full service, multi tenant building office, the time was right to capitalize on its renewed value.   This resulted in a successful sale, marking the completion of a value-add investment cycle. Metzpoint is an example of the power of strategic asset management, transforming an outdated single-tenant property into a thriving multi-tenant office complex and securing a strong cash flow spread over a well-balanced mix of tenants. #assetmanagement #refurbishment #sustainability #offices #repositioning Stanimira Pashova Niels de Putter Lucas Wouters

Eurogate II, Rotterdam achieves BREEAM Very Good! 🌿 A major milestone in our ambition to make our real estate portfolio more sustainable. At our c. 185,000 sq ft multi-let office, thanks to various smart measures and the valuable collaboration with CFP Green Buildings and Inge Westerink, we have successfully improved the BREEAM score of Eurogate II, taking significant steps towards a future-proof building. But we’re not stopping here. Step by step, we are making our portfolio more energy-efficient and future-ready—not just with BREEAM, but also by working towards Paris Proof standards and improving energy efficiency. Sustainability is not a standalone project; it’s a long-term strategy. Stay tuned for more updates. #BREEAM #SustainableRealEstate #ParisProof #EnergyEfficiency #RealEstate #Sustainability #AssetManagement Stanimira Pashova Niels de Putter Lucas Wouters

Another new letting at our Glasgow office, Aurora! We have leased 8,500 sq ft to multi-national professional services firm Grant Thornton to take total occupancy to 96% within 5 months of the refurbishment completing. Grant Thornton joins other blue chip tenants such as PWC and SSE in the building. Ben Dickins, UK Head of Asset Management at Forma, said: “Our strategy to invest in well located assets with improvements to sustainability and occupier experience continues to deliver results. We look forward to welcoming Grant Thornton to Aurora, which will be the firm’s second office within the wider Forma UK portfolio.” Stuart Preston, practice leader for Scotland at Grant Thornton UK, added: “We’re happy to have agreed this exceptional space in the heart of Glasgow’s business district, which will provide a cutting-edge location for our people to serve our clients from locally. “The building’s prime location, coupled with its impressive sustainability credentials and state of the art facilities and amenities make it a very attractive proposition.” There is just one unit remaining in the building now. A vibrant and healthy office market!

Delighted to welcome to our Aurora building in Glasgow international law firm Pinsent Masons who signed last week on 31,000 sq ft across the 1st and 4th floors. We have now reached 92% occupancy less than five months post practical completion of the refurbishment with strong interest in the remaining 14,000 sq ft. Ben Dickins, Forma’s head of asset management, stated: "It was a pleasure to work collaboratively with the Pinsent Masons team to conclude matters so quickly. We look forward to them completing their fit-out in due course and enjoying the wide range of quality on-site amenities available at the development."

Our 5 St Paul's Square Liverpool Fund II property has won the Mix Interiors property design award in the sub 5,000 sq ft category. This is the 2nd award the property has won after winning Insider Property Awards 2023 'Deal of the Year' for our 20,000 sq ft off-market letting to Wealth at Work. This showcases our proactive, creative and diligent approach to Asset Management we implement across our portfolios.

Forma Fund II has completed on its acquisition of 19-31 Piccadilly in Manchester City Centre. The 87,500 sq ft mixed use building includes a 157-room Travelodge hotel as well as three ground and basement units let to Morrisons, Zizzi and Nando’s. Chris Taylor, CEO of Forma’s UK team said “Having targeted prime CBD office assets over the past couple of years, we are delighted to diversify our portfolio with such a high quality asset. “The Manchester hotel market is thriving and showing continued year on year growth and given the vibrancy of the location we believe the performance of the hotel and the F&B units beneath will continue to go from strength to strength. We remain active in the market and continue to seek to expand our growing UK platform.” https://lnkd.in/gAfhGQ6D

With the signing of energy company SSE we have now let 73% of our prime Glasgow office, Aurora, 120 Bothwell Street. All lettings were agreed or concluded prior to the refurbishment completing. Interest in remaining space is strong and we expect to reach close to 100% occupancy soon. #offices #repositioning #investment

A great tenant for a great building. Thanks to all our team for their work on getting this over the line

We are delighted to welcome PwC to our newly completed refurbishment at Aurora, Glasgow! One of a number of high performing companies that committed to the building prior to completion. We look forward to announcing and welcoming further companies soon and we will also be sharing a range of photos to showcase the building. Thanks to our Glasgow leasing team Stephen Lewis, Sarah Hagen, Colin Mackenzie and Andy Cunningham. Please contact them for letting enquiries. https://lnkd.in/gwNzpcjh