REID - Commercial Property News

• Railpen gets green light for 122,000 sq ft City office scheme

  Railpen has received planning approval for a 122,000 sq ft office and amenities development in London's City, set for completion in late 2028. The project highlights ongoing investor confidence in prime office schemes in the financial district. Source: Property Week

• Rents rise and vacancy falls across South East office market

  The South East office market is experiencing positive momentum, with rising rents and falling vacancy rates. Notably, a major lease at Oxford’s Ascent building underscores strong demand for regional office space. Source: Property Week

• SEGRO rejects third Prologis takeover bid worth £13.5bn

  SEGRO has rejected a third takeover bid from Prologis worth £13.5 billion, reflecting the high value placed on UK logistics assets amid ongoing consolidation in the sector. Source: Property Week

• Big Yellow grows Q1 revenue as pipeline expansion gathers pace

  Big Yellow reported strong Q1 revenue growth and is expanding its storage facilities across the UK. The company's pipeline growth indicates continued investor interest in the self-storage sector. Source: Property Week

• Adhan acquires Preston PBSA scheme from administrator

  Adhan has acquired Preston's PBSA scheme at Friargate Court, comprising 224 beds, from administrators. This niche transaction highlights ongoing investor activity in student accommodation markets. Source: Property Week

• TPG Angelo Gordon and Beltane snap up Belgravia office

  Private investors TPG Angelo Gordon and Beltane have acquired a 50,000 sq ft office building in Belgravia, planning extensive refurbishment to create Grade-A office space. This deal highlights ongoing investment activity in London's prime commercial districts. Source: Property Week

• Barratt Redrow secures third major portfolio transaction with Lloyds Living

  Barratt Redrow has completed its third major portfolio transaction with Lloyds Living, focusing on residential development investment. While primarily residential, the deal reflects broader trends in UK property investment. Source: CRE Herald (UK & Ireland)

• UK living sector investment jumps 48% to £4.4 bn in first half

  CBRE reports a 48% surge in UK living sector investments, reaching £4.4 billion in the first half of 2026. The second quarter alone saw £1.9 billion invested, marking a 27% increase compared to the same period last year, highlighting strong investor confidence in build-to-rent and PRS sectors. Source: Property Week

• URW buys Whitgift Centre freehold to pave the way for Croydon regeneration

  Unibail-Rodamco-Westfield has acquired the freehold of Croydon's Whitgift Centre, facilitating its regeneration plans for the town centre. This strategic move aims to unlock redevelopment opportunities and revitalize the area. Source: Property Week

• Grade‑A big‑box take‑up exceeds five‑year H1 average

  Avison Young's analysis shows that take-up of grade-A big-box logistics space in the UK exceeded the five-year H1 average, reaching 13 million sq ft by mid-year. This indicates a robust demand for prime logistics assets in the current market. Source: Property Week

• SUPR launches £100 m fundraise for supermarket shopping spree

  REIT SUPR has launched a £100 million fundraise to acquire nine grocery-anchored retail assets worth £216 million. The move underscores investor confidence in retail formats that offer defensive income streams. Source: Property Week

• Workspace Group mulls additional £100 m‑plus of disposals

  Workspace Group is considering additional asset disposals exceeding £100 million, building on its existing £200 million marketing strategy. The focus is on improving balance sheet flexibility and refining its portfolio. Source: Property Week

• Morrison seeks £600m property‑backed financing deal to lead turnaround

  Morrison's is pursuing a £600 million property-backed financing deal to support its turnaround strategy. The plan involves leveraging its supermarket estate through sale-and-leaseback and ground rent sales, highlighting innovative financial approaches within the retail sector. Source: Property Week

• Post Office launches ‘Post Office Plus’ concept stores

  Post Office has launched the 'Post Office Plus' concept stores, aiming to revitalise high streets by reintroducing face-to-face services. This strategic move seeks to enhance community engagement and adapt to changing retail needs. Source: The Retail Bulletin

• NQ64 revives two iconic Soho nightclubs with new arcade bar

  NQ64 has transformed two former Soho nightclubs into themed arcade bars within mixed-use properties. This redevelopment highlights innovative adaptive reuse in the hospitality and leisure sector. Source: Estates Gazette

• Smartworks Coworking gains on Rs 102 crore rental commitment from UK‑based client

  Smartworks Coworking Spaces has secured a significant Rs 102 crore rental commitment from a UK-based client, reflecting strong international interest in flexible office spaces. The deal underscores the growing demand for coworking solutions in India with global corporate involvement. Source: Business Standard

• Smartworks gives 930 seats to UK firm at coworking centre in Pune; expects ₹58 cr rent in 5 yr

  Smartworks has leased 930 seats at its Pune coworking centre to a UK firm, expecting to generate approximately ₹58 crore in rent over five years. This deal highlights the expanding footprint of UK companies in India's flexible workspace market. Source: The Hindu BusinessLine

• AI companies on track to lease 1 million square feet of London offices this year

  AI companies are driving significant office demand in London, with projections indicating they will lease around 1 million square feet of office space by the end of 2026. This growth underscores London's position as a hub for technological innovation and commercial real estate activity. Source: CoStar News

• Norges appoints Stanhope on £4bn London and Paris office portfolio

  Norway’s sovereign wealth fund NBIM has appointed Stanhope to manage its £4 billion office portfolio in London and Paris. The developer is also authorized to secure additional prime office assets, highlighting a significant move in European commercial real estate investment. Source: Property Week

• Blue Owl buys Spire Healthcare portfolio in landmark £1.3bn deal

  Blue Owl has completed a landmark £1.3 billion deal to acquire a portfolio of 12 acute-care hospitals from Spire Healthcare. This significant healthcare real estate investment underscores the growing interest in medical property assets. Source: Property Week