BE News’ Post

Catella APAM, acting as Asset Manager on behalf of Greater Manchester Pension Fund, has secured a 25,000 sq ft letting on a 10-year lease at Leeds Valley Park. This deal, completed at a market-leading rate, reflects the strong demand for high-quality industrial space in West Yorkshire. The new occupier, a leading food ingredient specialist, will use the space to enhance their production and logistics operations, joining a strong tenant line-up at this well-connected and modern business park. Thanks to Carter Towler, Avison Young, CBRE, and the tenant’s representative GV&Co for their collaboration in making this happen. Read more here: https://lnkd.in/e3VBpCkY Adam Handley Rhys Williams Victoria Morgan (nee Mann) Josh Holmes Danielle Raunjak Hazel Cooper Rob Oliver Paul Mack #IndustrialRealEstate #AssetManagement #InvestmentManagement #Logistics #Manufacturing #CommercialProperty

MK2 has bagged a prime roadside retail investment for client St Johns Property High Income Fund. The fund has acquired Hinton Group UK's interest in Copcut Business Park, Droitwich. The development opportunity comprises a supermarket and drive-thru, pre-let to Sainsbury's and Costa Coffee. The scheme, which fronts Copcut Rise, also includes four electric vehicle charging stations. Both Sainsbury’s and Costa have agreed 15-year leases, on 4,500 sq ft and 1,800 sq ft respectively. Total rent will be £265,000 per annum. The scheme will be built by Hinton Design & Build Limited. Enabling works are underway, with completion anticipated early 2025. Mark Rooke, director at MK2, said: “High profile forward-funding opportunities like this don’t come up too often. It’s great to have bagged this for St Johns.” Richard Bryan, Fund Manager at St Johns, said: “Thanks to Mark Rooke at MK2 for sourcing this off-market opportunity and introducing it to us. It’s a great addition to our portfolio.” Atlas Real Estate advised Bromsgrove-based Hinton Group. #propertyinvestment #roadsideretail

NEW BLOG: MARQ Trustees is pleased to announce its role as trustee for the Russell Street Hotel Fund in the successful acquisition of Melbourne Place, a boutique hotel located in the heart of Melbourne’s CBD. The 14-storey Melbourne Place hotel at 130 Russell Street in the CBD features 191 rooms, rooftop and ground floor restaurants, and a basement bar. As trustee for the Fund, MARQ Trustees has supported its client Lead Global (the Investment Manager of the Fund) in the acquisition of the property and will continue in this role as well as providing compliance, governance, fund administration and registry services.  Managing Director of MARQ Trustees, Andrew Patrick, commented on the acquisition: “Congratulations to our client Grace Tsui on this exciting purchase. We believe Melbourne Place is a valuable asset with strong potential, and we look forward to supporting the fund in its ongoing success.” MARQ Trustees was advised by Michael Garry and Navar Amici of Kain Lawyers. Read more in our blog on the MARQ Trustees website: https://lnkd.in/gPQNqtCY   #hotelacquisiton #commercialproperty #investmentfund #fundservices #fundtrustee

To mark our 15th anniversary, we’ve put together a short video with some of our top highlights over the last 15 years... Below are just some examples of our top Barwood moments! In 2012, Barwood launched its first Regional Property Growth Fund, and has now reached its fifth fund in the Growth Fund series, targeting underperforming and/or undermanaged sites, and creating value through pro-active asset and development management. Its latest Growth Fund V closed in January 2024 at £48.1m. In 2018, Barwood launched its innovative Residential Investment Platform (BRIP). Barwood has just raised £3.1m for BRIP 11, making the total raised to date for the platform over £50m. In 2018, Barwood partnered with Perseus, for access to the care home sector for its Growth Funds. Since then, Growth Funds III, IV and V have acquired 11 sites, committing £20m of equity over the last six years, with onward sales to operators, delivering between 65-75 beds each. In 2020, Barwood’s Impact Committee was created to lead the company’s ambition to be a leader in sustainable development and asset management. Barwood’s first Impact Report was published, and it calculated its baseline year for Carbon Emissions in 2024. In 2021, Barwood formed BCCIM, a JV with Caisson iO to aggregate a portfolio of UK Multi-Let Industrial Estates, managing these under our Urban Industrial Income LP (UII), a portfolio of six estates, and more recently the forming of the UK Regional Industrial LP (UKRI), a portfolio of eight estates, taking our total AUM of multi-let industrial to over £100m. In 2022, Barwood partnered with Invesco Real Estate to create a £300m portfolio of urban/last mile high institutional quality industrial and logistics warehouses across the UK. The latest acquisition was 500,000 sq ft of logistics facilities in Birmingham. To find out more about the projects we invest in, visit:https://lnkd.in/e5-nyz4k #PropertyInvestment #BusinessGrowth #Anniversary

Kier Starmer has certainly thrown some uncertainty towards Landlords hasn’t he, however I’m not too concerned and my strategy will remain the same. Buy property, develop them in to luxury co-living HMOs (Houses of Multiple Occupation) and rent these out to professional tenants. A HMO portfolio can yield a rental income that is up to three times higher than traditional buy-to-let properties. So if, and when our tax implications change, or something else is thrown at SME Landlords, my portfolio should survive. Below, is some feedback and a little bit of positivity from an Investor who’s portfolio I am building for them at HMO Premier. It’s always nice to hear how happy my clients become! If you’d like to discuss the benefits of HMO investing, drop me a comment and I’d be very happy to arrange a chat. I’d also love to know if as a landlord you’re planning on exiting the market after Keir’s speech? #propertyinvesting #propertydevelopment #hmos #propertyinvestor #propertydeveloper #keirstarmer

Oxford Properties Group has sold a 50-per-cent stake in a $1.2-billion portfolio of European warehouses to AustralianSuper, forming a joint venture with Australia’s largest pension fund manager to help ramp up its exposure to logistics and industrial properties over the coming years, reported The Globe and Mail. "In addition to buying half of Oxford’s portfolio of warehouse assets, AustrialianSuper will also become a co-owner of M7 Real Estate, a European investment manager focused on supply chains that Oxford acquired in 2021." https://lnkd.in/grJky4Hc #europe #warehouse #sales

ABP and Greystar launch €420m Dutch rental housing venture Harmen van Wijnen, Chairman of ABP: “ABP wants to work together to build a good pension in a livable world. To achieve this, we look for attractive long-term investments, preferably ones that make a difference in the lives of our participants. That is why we aim to invest EUR 10 billion with impact in the Netherlands by 2030, of which approximately EUR 5 billion in residential properties. The Netherlands has a housing shortage, and our participants experience this too. With this initiative, which will initially cost 400 million euros, we will add approximately 1,300 to 1,500 affordable homes, including in the city of Leiden. Homes that our participants who work for the police, in education and for the government can live in. This investment pays out twice to our participants.” Greystar Greystar (International) APG Asset Management Pensioenfonds ABP #netherlands #realestate #housing https://lnkd.in/dvjhMqKc

GTJ REIT, INC. has acquired a newly built warehouse leased by Frito-Lay in Fort Myers, Florida near Interstate 75 for $34.9 million. The non-traded real estate investment trust purchased the 104,000-square-foot industrial building from SunCap Property Group in a deal that closed Dec. 23. Green Holland Management ’s Adan Elias Kornfeld (pictured) brokered the transaction. Read more: https://lnkd.in/epUeuCmN

I'm genuinely thrilled by the strides Hines U.S. Property Partners, our core-plus, open-ended U.S. real estate fund, has made in cultivating an exceptional portfolio. Over the past year, the fund has strategically allocated nearly $800 million across a diverse array of sectors, including industrial, grocery-anchored retail, medical offices, build-to-rent, and select development projects. The recent acquisition of Blu South marks a significant milestone, augmenting the fund's investment in alternative assets—a pivotal strategic objective. Our unwavering confidence in the build-to-rent sector remains resolute, particularly in light of anticipated higher-for-longer rates, which are poised to moderate home purchasing. Build-to-rent offerings are intended to provide meticulously crafted, pedestrian-friendly living environments as an alternative to traditional homeownership. Read more about HUSPP’s progress: https://lnkd.in/eE2m5jxw #MarketingCommunication

🚨 Fletcher Building’s NZ$700m Urgent Equity Raising – A Poorly Kept Secret 🚨 As first reported by The Australian Financial Review, Fletcher Building has officially confirmed its NZ$700 million equity raising. The stock closed at NZ$2.89 on 20 September 2024, reflecting a prolonged period of poor performance. The equity raising will be conducted at NZ$2.40 per new share, marking a 17.0% discount to the last closing price and a 12.9% discount to the Theoretical Ex-Rights Price (TERP) of NZ$2.76. Equity Raising Details: NZ$282 million institutional placement. NZ$418 million pro rata accelerated non-renounceable entitlement offer at a 1-for-4.49 ratio. Upon completion, 292 million new shares will be issued, representing approximately 37% of existing shares. Why now? "Preserving optionality on asset sales and avoiding realization at below intrinsic value". Code for: We don't want to sell more assets, yet... Targeting NZ$180 million in cost reductions for FY25 to maintain profitability. Incoming CEO Andrew Reding stressed the company’s commitment to enduring the current headwinds while preparing for a market recovery. #EquityRaising #FletcherBuilding #SharePrice #FinancialResilience #MarketNews Below - 20 year Fletcher Building chart.