Persimmon and Barratt Redrow agree major joint venture on 2,500-home site in Wiltshire
Developers Persimmon Homes and Barratt Homes have finalised a major joint venture in Trowbridge, Wiltshire, marking a significant step toward delivering thousands of new homes to the community.
Also in today's newsletter...
Deutsche Finance International , a pan-European private equity real estate platform has expanded its UK urban logistics and industrial platform, a joint venture with operating partner and co-investor Argo Real Estate , with the acquisition of the Headley Park 10 estate in Reading. - https://www.ukreiif.com/investment-news/deutsche-finance-and-argo-real-estate-acquire-reading-logistics-park/
Supermarket Income REIT , the real estate investment trust with secure, inflation-linked, long-dated income from grocery property, announces the acquisition of a Sainsbury's omnichannel supermarket in Huddersfield, West Yorkshire, for a total purchase price of ￡49.7 million, reflecting an attractive net initial yield of 7.6%. - https://www.ukreiif.com/investment-news/supermarket-income-reit-acquires-50m-huddersfield-sainsburys-store/
LondonMetric Property PLC (LMP) announces that it has sold 24 properties across various non core sectors for a total consideration of ￡57.9 million, reflecting a 6% profit over prevailing book values. - https://www.ukreiif.com/investment-news/londonmetric-continues-capital-recycling-selling-58-million-of-assets-and-acquiring-a-retail-park-for-10-million/
Comments from: Robert Hart Jonni Glick Crispin Gandy Ben Green