BE News

The Department for Work and Pensions (DWP) has agreed a deal to pre-let the 173,245 sq ft 1 Pilgrim Place office building in Newcastle. Avison Young │ UK acted for Reuben Brothers (Newcastle) on the letting.

MAG (Airports Group) has appointed Prologis UK as development partner for a new industrial and logistics and advanced manufacturing park near East Midlands Airport.

New independent debt advisory business Art Capital has appointed Martin Sheridan from BGO as a partner.

LaSalle Investment Management and development partner Deeley Freed have secured planning permission for the redevelopment of The Galleries Shopping Centre in Bristol city centre.

Kennedy Wilson has exchanged on the purchase of more than 650 units from three housebuilders across seven sites for £213m on behalf of its single-family rental housing joint venture with CPP Investments | Investissements RPC. The JV has exchanged on the units with Wavensmere Homes, Barratt Redrow and Cala Homes at sites in Bedford, Cambridge, Derby, Didcot, Great Dunmow, Ipswich and Wolverhampton.

ECF and City of Wolverhampton Council have launched a search for residential development partners to kick-start the delivery of a major new regeneration scheme in Wolverhampton. CBRE has been appointed to identify residential partners to help deliver 241 build-to-rent (BTR) apartments and 90 affordable homes at the City Centre West neighbourhood, which will also provide new shops, cafés, restaurants and public spaces.

Hill Group UK has received planning consent for the delivery of 106 sustainable new homes in Southville, Bristol. The housebuilder will build the £60m development on a 3.5-acre site on Raleigh Road that previously housed the Wills Tobacco Factory.

Cammaro has secured a funding facility and stabilisation loan from Paragon Development Finance for a £32m GDV purpose-built student accommodation (PBSA) scheme in Cambridge.

Oxygen Asset Management has appointed Henry MacInnes, formerly of Endurance Land, as a director.

Catella APAM has let a 25,000 sq ft warehouse at Leeds Valley Park to a food ingredient business. Catella, which acts as asset manager at the park on behalf of the Greater Manchester Pension Fund, said the 10-year lease was secured at a “market-leading rate” for industrial space in West Yorkshire.