Martin's Properties’ Post

The UK’s biggest housebuilder, Barratt Developments plc is planning to buy the rival Redrow in a deal worth more than £2.5 billion. The two companies had reached an agreement over an all-share offer from Barratt, cementing its position as the country’s largest house builder! Barrett is the UK’s biggest housebuilder measured by the number of houses built, while rival Taylor Wimpey has the largest market capitalisation. #taylorwimpey #housebuilding #housebuilder #redrow #barratt #housing #construction #propertyinvestment #growthstrategy #potential #futuregrowth #ukeconomy #commercialproperty #buildings #sale #acquisitions #redevelopment #constructionjobs #commercial #newhomes #innovation #propertydeveloper #propertydevelopment #residentialconstruction #property #city #investment #development #commercialrealestate #ukrealestate #ukpropertymarket #realestate #investing

🔊EQRT has completed two strategic acquisitions totaling over $245 million. EQRT, a non-traded perpetual life REIT externally advised by EQT Exeter have just completed two acquisitions. These acquisitions include a 1.2M+ square-foot property in Middletown, PA strategically positioned within an expansive transport and interstate highway network and a critical distribution hub that offers easy access to the northeast U.S. population, including major coastal markets from Boston to Washington, D.C. As well as a 630,000+ square-foot property in Portland, TN where half of the U.S. population lives within 650 miles or a 1-day trucking distance, including Nashville, one of the fastest growing markets in the U.S. EQRT continues to pursue strategic acquisitions in line with market dynamics and in key U.S. submarkets seeing long-term growth. Learn more: https://ow.ly/Otbp50T12hG

After securing approval from CMA earlier this year, the housing and construction industry is gearing up for a seismic transformation. The merger of Barratt and Redrow signals a strategic shift towards growth acceleration, with a sharp focus on slashing operational costs by £90m to drive innovation. 🏡 Amidst escalating homeowner expectations for value, this move underscores a pivotal moment for the sector. Anticipated to roll out gradually over the next two years, the impacts of this merger are poised to reshape an industry already navigating considerable challenges. How will the industry rise to meet evolving demands and spearhead a wave of innovation and change? Stay tuned as the sector charts a course towards a dynamic future. 💡 #marketnews #housing #construction #building

🚀 Barratt and Redrow: A New Era in UK Housing 🏠 Big news in the UK housing market today! Barratt Developments and Redrow have officially completed their £2.5 billion merger, creating a powerhouse: Barratt Redrow. This merger marks the beginning of an exciting new chapter for these industry leaders. David Thomas, CEO of the newly formed entity, highlighted the merger as a "significant milestone". Barratt Redrow now has the power to deliver 23,000 homes annually, addressing the UK's pressing housing shortage with a diverse range of homes at different price points. This move is set to generate over £7 billion in revenue, making a substantial impact on the market. To ensure fair competition, the CMA required specific actions, particularly around developments in Whitchurch and Nantwich. Both companies worked closely with regulators, appointing Savills as an independent agent to oversee the sale of unsold properties, ensuring market fairness. The integration process, spanning 18 months, will streamline operations and aim for £90 million in annual savings. Though there will be a reduction of around 10% of jobs, Barratt Redrow is committed to assisting employees through this transition. This merger signifies a pivotal moment for both companies and the UK housing sector. Trading under the name Barratt Redrow, the new company is ready to make its mark. #Housing #UKHousingMarket #BarrattRedrow

SALE Learn More: https://lnkd.in/eawa7VHC IMAGE: Albert Fitch, Kevin Bramhall & Steven M. DATE: 08/29/2024 ADDRESS: 5126 West Cypress Street MARKET: Tampa ASSET TYPE: Industrial BUYER: Steven Millstein, Albert Fitch & Kevin Bramhall - The STRO Companies ; KRE Group SELLER: Thomas Clarke SALE PRICE: $2,600,000 SF: 19,000 ~ PPSF: $136 NOTE FROM BUYER: A partnership consisting The STRO Companies (“STRO”) and KRE Group announced their recent off-market acquisition of 5126 West Cypress Street in Tampa, Florida. Located in Tampa’s Airport submarket, 5126 West Cypress Street is approximately 19,000 square feet with 17’ clear ceilings, and 11 load docks. The property is extremely unique and desirable due to its superior loading, proximity to Tampa International Airport and the Tampa Central Business District, and access to I-275, I-4 and other major transportation routes. “5126 West Cypress is a very unique building that we are thrilled to have as part of our portfolio, because of its centralized infill location, considerable loading capabilities and premier access to infrastructure in a core Florida market” said Kevin Bramhall, STRO’s Director of Southeast Acquisitions. “We are appreciative of the Sellers for their speed of execution to complete this transaction.” The off-market transaction was facilitated in-house by Albert Fitch and Kevin Bramhall of The STRO Companies. Jonathan Kushner, President of KRE Group, said "Partnering with STRO in Tampa represents a strategic addition to our portfolio, reinforcing our commitment to well-positioned assets in key logistics markets. The property’s central location and strong transportation links offer significant value for tenants, making it an ideal investment as we continue to expand our presence in Florida and doing so with the Milstein-run STRO Company.” In announcing this transaction, STRO also noted that the building is immediately available for lease and is being marketed by Jessica Mizrahi and Julia Silva of Lee & Associates – Tampa. #Miami #RealEstate #tradedmia #MIA #TradedPartner #Tampa #Industrial #ThomasClarke #StevenMillstein #AlbertFitch #KevinBramhall #TheSTROCompanies #KREGroup

🚀 Barratt and Redrow: A New Era in UK Housing 🏠 Big news in the UK housing market today! Barratt Developments and Redrow have officially completed their £2.5 billion merger, creating a powerhouse: Barratt Redrow. This merger marks the beginning of an exciting new chapter for these industry leaders. David Thomas, CEO of the newly formed entity, highlighted the merger as a "significant milestone". Barratt Redrow now has the power to deliver 23,000 homes annually, addressing the UK's pressing housing shortage with a diverse range of homes at different price points. This move is set to generate over £7 billion in revenue, making a substantial impact on the market. To ensure fair competition, the CMA required specific actions, particularly around developments in Whitchurch and Nantwich. Both companies worked closely with regulators, appointing Savills as an independent agent to oversee the sale of unsold properties, ensuring market fairness. The integration process, spanning 18 months, will streamline operations and aim for £90 million in annual savings. Though there will be a reduction of around 10% of jobs, Barratt Redrow is committed to assisting employees through this transition. This merger signifies a pivotal moment for both companies and the UK housing sector. Trading under the name Barratt Redrow, the new company is ready to make its mark. #Housing #UKHousingMarket #BarrattRedrow

An owner for a retail shopping center said we want $50mm for the property. I asked him what’s the NOI of the property. He said have you seen the property it’s huge from their if your buyers come with $50mm we’ll talk. Remind you it’s 250k+ sf. All he had to do was maybe share what he was charging in rents? Or last months operating income. I may not of been able to get him his asking, but probably a really good offer. It strikes me when owners who shoot numbers, but won’t engage further. I could’ve helped him. Sometimes I send rough proposals, but on this one I’ll let him thaw out. This is everyday life in real estate. #commercialrealestate #privateequity #pefirms #accredittedinvestors #syndication #shoppingcenters #realestateinvesting #acquisitions #assetmanagment #portfoliomanager #aum #cio

As we move through 2024, the home building sector is witnessing steady merger and acquisition (M&A) activity, following a surge of deals in the first quarter. While public builders have been actively acquiring regional private builders, the standout deal remains the blockbuster acquisition of M.D.C. Holdings by Sekisui House. During Zonda’s recent webinar, principal Mollie Carmichael and Whelan Advisory CEO Margaret Whelan discussed key growth opportunities, highlighting six crucial valuation drivers: market relevance, product type, lot count, management quality, growth potential, and return on invested capital. These factors significantly influence buyer valuations, particularly as public builders trade at 1.4 times book value, enabling private builders to achieve impressive sale multiples. Timing is everything, and with interest rates likely to dip, it’s a prime opportunity for sellers to attract buyers. By focusing on these elements, sellers can position themselves effectively in a competitive market and capitalize on favorable conditions. #M&A #HomeBuilding #AEC #ConstructionTrends

ICYMI: We have completed on the sale and acquisition of two industrial assets in the North West worth approximately £2million.    👉🏽 A 10,324 sq ft detached unit in Runcorn leased to The Clearway Group 👉🏽A recently vacant 11,652 sq ft detached unit in Haydock.   Tandem Investments acquired both properties from private individuals.   Our associate director, Joe Sinclair, said: “We are extremely satisfied to have completed both deals in quick succession. Both deals continue to highlight the strength of the private investor market, and we’re witnessing very strong demand in the market, with the main obstacle at the moment being the lack of investment supply. We have many active investor requirements for similar assets”. Chris Lloyd, director at Tandem Investments commented: “Great to get these two acquisitions over the line. We have significant capital to deploy and the North West industrial market is one of our core markets, whether the assets are income producing or vacant.” https://lnkd.in/eAtJWGPV

EQT Exeter Real Estate Income Trust, Inc. announced two strategic acquisitions, 3327 E Harrisburg Pike in Middletown, #Pennsylvania for over $170 million and 1500 Shoals Way in #Portland, Tennessee for $75 million. Both industrial properties were constructed last year and are fully leased by commercial tenants with each property carrying a 10+ year lease. Capitalizing on its fresh start and lack of legacy issues, EQRT continues to pursue strategic acquisitions in line with market dynamics and in key U.S. submarkets seeing long-term growth. The 1,200,000+ square-foot central Pennsylvania property is strategically positioned near the regional hubs of two major American shipping carriers and within a 5-mile radius of Harrisburg International Airport and the Norfolk Southern Rutherford Railyard. Due to this expansive transport and interstate highway network, the property lies in a critical distribution hub that offers easy access to the northeast U.S. population, including major coastal markets from Boston to #Washington, DC. The 638,000+ square-foot Tennessee property is located near multiple highways. Half of the U.S. population lives within 650 miles or a 1-day trucking distance, including Nashville, one of the fastest growing markets in the U.S. Accessibility to both customers and prospective employees, in addition to advanced, onsite manufacturing capabilities, are important factors for industrial properties as some commercial tenants prioritize nearshoring their operations and expanding their local manufacturing footprint. “EQRT is investing in #America’s supply chain and will continue to focus on acquiring industrial real estate that supports the growth ambitions of our commercial tenants, which include major distributors and manufacturers,” said Ali Houshmand, EQRT Portfolio Manager. “We remain committed to our tenant-centric, vertically-integrated strategy. ” EQRT acquired the Pennsylvania and Tennessee properties with proceeds from the sale of $91,200,000 Class E units of its operating partnership to EQT Exeter Holdings US, Inc., an affiliate of EQRT’s sponsor, in addition to proceeds from debt financings. EQRT is externally advised by Exeter Property Group, LLC (“EQT Exeter”), the real estate division of EQT AB, a purpose-driven global investment organization. EQRT focuses on properties that can leverage EQT Exeter’s scale and long-standing direct leasing relationships with Fortune 1000 companies. EQRT will generally seek to invest approximately 80% in properties with business tenants, such as industrial or life science properties, and approximately 20% in #realestate assets with consumer users, such as multifamily or self-storage properties. EQT Group To share your startup story write us on - contact@startuprise.co.uk #EQT #acquisition #news