Axa IM Alts confirms £480m loan for 50 Fenchurch Street scheme

Axa IM Alts confirms £480m loan for
50 Fenchurch Street scheme

Invesco Real Estate and YardNine secure further fifty Paddington letting with new lease to Shionogi

The 50 Fenchurch Street project has moved to the next exciting phase with the commencement of demolition.

The new Framework sets to boost built environment circularity and unlock barriers for material reuse.

YardNine has grown its London-based team with the appointment of Nikos Michalakis as Associate Director.

BauMont Real Estate Capital and YardNine have appointed Mace to deliver Edenica, the forthcoming 95,000 sq ft Grade A office and retail development at 100 Fetter Lane in Central London which recently won ‘Best Net Zero Project’ at the Consultancy and Engineering Awards.

A system to record product data for later reuse is being trialled on a live building project in move to create a sustainability database.

Invesco Real Estate, the global real estate investment manager, alongside development manager YardNine, the property development and asset management company, have agreed a new long-term lease for the sixth floor of fifty Paddington with global software business, ISN Software UK Limited (ISN).

Edenica has been nominated in the New London Awards 2023, having been shortlisted in the Workplace category.

Invesco Real Estate and YardNine have agreed on a new 15-year lease for just under 10,000 sq ft of Grade A office space with St. James’s Place Wealth Management Group Ltd, the FTSE 100 wealth management business.

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Cain writes £86m development loan for Fetter Lane scheme | by James Buckley

Partners Group, a leading global private markets firm, acting on behalf of its clients, and YardNine have let 80,000 sq ft at EightyFen, the development named after its location at 80 Fenchurch Street in the City of London, to Aviva. EightyFen will become the new London headquarters of the UK’s leading insurer.

Maxwell comments in two Property Week articles.

Demolition has commenced at 100 Fetter Lance with Keltbray the appointed contractor.

Following the successful forward funding to USS of the pre-let 369 room Premier Inn Hotel and hub by Premier Inn at 40 Eastbourne Terrace, W2, Invesco and YardNine has appointed Gilbert Ash as main contractor.

Invesco Real Estate, the global real estate investment manager, alongside Development Manager YardNine, the property development and asset management company, have agreed contracts with USS to forward fund 40 Eastbourne Terrace at a price of £143m.

Dutch artist Maarten Baas continues his Real Time collection with new installation.

YardNine has grown its London-based team with the appointment of Sam Palk as Development Manager. Sam brings 6 years of experience and joins from Lendlease, where he worked within the Development and Investment Capital Markets teams. He specialises in complex multi-asset developments in London, the wider UK and Europe, with a focus on development finance and investment.

Partners Group and YardNine are pleased to welcome Royal London, the largest mutual insurer in the United Kingdom, to EightyFen. Having exchanged contracts in August 2021, the lease for 55,000 sq ft of the 14-storey Grade A office development has now completed.

Invesco Real Estate, the global real estate investment manager, and YardNine, the property development and asset management company, have signed an agreement for lease with Whitbread for a new 366-bedroom hotel and restaurant as part of a major mixed-use development at 40 Eastbourne Terrace next to Paddington Station.

YardNine has chosen to support two charities doing some fantastic work. The pandemic has hit some harder than others and with charities missing out on so much of their usual support, they need help more now than ever.

Maxwell Shand believes that offices can offer companies benefits that lockdown-driven working from home never will. Given that he is now trying to fill one of the first new office developments to complete in the City of London since the coronavirus pandemic started, he will hope that potential tenants agree.

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YardNine, the property development and asset management company, and its funding partner Invesco Real Estate, have awarded a £50 million construction contract to McLaren Construction to deliver 50 Eastbourne Terrace. Upon completion in late 2021, 50 Eastbourne Terrace will provide 75,000 sq ft of Grade A office accommodation, 10,000 sq ft of retail space and a terrace of seven mews houses.

EightyFen will feature full suite of Convene offerings, including meeting and event space, flexible workspace, and food and beverage-serviced amenity areas

Invesco Real Estate, the global real estate investment manager, and YardNine, the property development and asset management company, have received a resolution to grant planning permission for plans to redevelop 40 Eastbourne Terrace, a five-storey office, as a 366-bed hotel as part of a major mixed-use development next to Paddington Station.

YardNine, the property development and asset management company, and construction partner Skanska have celebrated the topping out of 240,000 sq ft office development EightyFen.

YardNine, the property development and asset management company, has bolstered its board through the addition of Mark Younger.

YardNine, the real estate development company, and its funding partner, Invesco, have purchased 40 and 50 Eastbourne Terrace in London’s Paddington from Hermes Real Estate Investment Management for £110 million.

TH Real Estate and Allianz have partnered to provide €115.5m (£100m) in debt finance towards the development of 80 Fenchurch Street, a prime office property in London EC3, owned by funds managed and/or advised by Partners Group and currently being developed by YardNine, the property development and asset management company.

Maxwell Shand and Campbell MacDougall, former directors at Exemplar, have launched YardNine, a property development and asset management company.