Legal & General Property (LGP), on behalf of its Legal & General UK Property Fund, announces that it has successfully acquired a portfolio of three care homes from the CarePlaces Fund, the specialist healthcare property fund managed by Bridges Ventures in partnership with care home developer Castleoak. Purchased for a total consideration of £25.2 million, […]
Read moreThe Economist discusses how the repurposing unused office buildings, as the Qbic Hotel London has done in London’s East End, is saving money and encouraging growth. Located in Whitechapel, the Qbic Hotel offers affordable yet stylish accommodation to leisure and business travellers from as little as £59 per night. Its 171 rooms feature innovative design […]
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Read moreBridges Ventures has today announced the purchase of the first three investments by the Bridges Property Alternatives Fund (the “Fund”) which completed a first closing in April 2014 with over £120m of equity commitments from both existing and new institutional and private investors. Totalling circa £30m of investment, these off-market transactions are focussed on emerging […]
Read moreBridges Ventures today announces the first closing of its new Sustainable Property Fund with initial equity commitments of £26m. With the use of gearing, this gives the Fund an immediate investment capacity of over £50m. The Fund builds upon Bridges Ventures’ experience of investing in businesses in regeneration areas and sustainable business sectors. It aims […]
Read moreSt Paul’s Square in Birmingham and Newton Court in Wolverhampton both proved attractive to SME buyers Bridges sold the individual units within the two buildings at an average price of £110 per sq. ft. and £175 per sq. ft. respectively, having carried out extensive refurbishment work to make the buildings more attractive to SMEs The […]
Read moreBridges Ventures, the investment company whose commercial expertise is used to deliver both financial returns and social and environmental benefits, is pleased to announce two additions to its Sustainable Property Fund team. Guy Bowden joins as Acquisitions Director and David Schlegel joins as an Associate. Guy has over 20 years experience in the property industry with […]
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