Weekly data sheet: Life sciences, outlet centres and hotels among opportunities up for sale

The UK government, Hammerson, Landsec, Apollo and Warehouse REIT all put chunky investments on the market.

The UK Health Security Agency (UKHSA) wants to dispose of a near new 22,000 m2 laboratory in the Midlands. The Rosalind Franklin Laboratory was built to be the UK’s first Covid testing centre at a cost of £455 mln. It is being marketed as a life sciences opportunity by Avison Young.

Also in the Midlands is Radway Green a circa 2 million ft2 logistics development in Crewe, which Warehouse REIT has decided not to undertake and has put up for sale.

Reports surfaced that Hammerson has begun talks to sell its 40% stake in Value Retail, the outlet centres company which has nine assets across Europe including Bicester Village, plus two in China and one under construction in New York due to open next year.

LandSec has appointed agents to sell a big west London leisure and retail investment which is earmarked for redevelopment as residential, ReactNews said. West12 is one of a further £1.5 bn of assets which the UK REIT says it wants to divest.

Also on the block is Apollo Global Management’s c€500 mln portfolio of Irish hotels. Agents have now been appointed to market them.

Investment transactions completed this week include two in the Nordics: a pair of big city cenrtre office buildings in Copenhagen which regional pension fund AP Pension acquired for €335 mln, and a Swedish logistics portfolio sold by Mileway.

Clariane, the pan-European healthcare investor/operator formerly known as Korian, began a big sell-off to cut debt, while abrdn sold a dominant UK shopping centre, Churchill Square in Brighton, at an 11% initial yield in an indication of where pricing is to get transactions across the line.

We also track seven newly completed loans and four fund managers raising fresh capital.

Click here to see all the data.


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