Samsung considers £425m City sale
Samsung Life Insurance is considering a £425m sale of 30 Gresham Street, EC2.
DWS, the asset manager for the Korean investor, has appointed CBRE and Knight Frank to advise.
The prospective asking price reflects a 4.25% yield.
The building is let to Investec and Commerzbank.
NewRiver picks up Essex retail centre
NewRiver REIT has bought Grays shopping centre in Essex for £20.2m from Lone Star and Ellandi.
The 177,300 sq ft shopping centre also includes a 32,000 sq ft office building with permitted development rights for residential conversion.
The shopping centre element was bought at a net initial yield of 9.4% with a site capital value of £40 per sq ft.
A2Dominion buys Brooklands College
Inland Homes has sold its Brooklands College site in Ashford, Middlesex, to A2Dominion in a forward funding arrangement.
A2 has paid £94.7m for the 357-home site, £29.7m of which is attributed to the land acquisitions with the remainder for the build out.
Inland Partnerships will undertake the development. Construction has already started.
Kier commits to Homes England jv
Kier has established a joint venture with Homes England and Cross Key Homes to develop 5,400 homes across the country over the next 10 years.
The jv will develop housing across a mix of tenures and enable Kier to accelerate delivery of its landbank.
Kier will own 69% of the jv, Homes England 26% and Cross Keys Homes 5%, with the partners contributing equity in proportion to their share.
