Global alternative asset manager Cheyne Capital Management (UK) LLP (“Cheyne Capital”), today announced that it has provided a £150 million senior loan to a joint venture between Castleforge, the UK-based private real estate investor, and its Malaysian partner, Gamuda Berhad.

The loan will be used to fund the acquisition of Winchester House, a 317,000 sq ft office building in the City of London.

Castleforge and Gamuda plan to proceed with an extensive refurbishment programme designed to add critical massing and improve the overall sustainability of the building, targeting highest ESG credentials once completed, including BREEAM Outstanding rating, Net Zero Carbon, WELL Core Platinum and NABERS UK Five Star.

Andreas Dimitriou from Cheyne Capital Real Estate commented: “This is a rare opportunity to redevelop an office of this size in the heart of the City of London. This remains one of the most attractive office locations in the world thanks to strong tenant demand, excellent transport links and limited development pipeline. Only one in seven refurbishments in London achieve a BREEAM Outstanding rating while the majority of current London office stock won’t meet the expected minimum energy efficiency requirements by the end of the decade. This makes this project even more unique and set to attract institutional tenants who want to reside in an office they know is in line with best-in-class corporate ESG policies. We are excited to be part of the next stage of this building’s history and to ensure its long-term sustainability.”

Michael Kovacs, Founding Partner of Castleforge said: “Winchester House is a landmark acquisition for Castleforge and the City. Supported by Cheyne Capital and working with Gamuda, we are confident that we will see this space transformed to trailblaze a new class of amenity rich and sustainable offices in the area.

“This is a very exciting development not just for us but for potential future tenants looking to collaborate in the best office space available, right in the heart of London. Doing so makes for better business and helps firms meet their ESG targets. We look forward to progressing to the next stage of planning for this prime location.”

Mohammed Rashdan bin Mohd Yusof, Deputy Group Managing Director of Gamuda Berhad said:  “Winchester House is a highly sought-after commercial asset in the City, especially with its eventual top-tier ESG rating of BREEAM Outstanding, which is exactly what all large global corporations, being highly ESG conscious themselves, are looking for.

“The iconic office project is situated in the heart of the City of London, the Square Mile which is the global financial centre and mega-tech hub. It also is less than a 5-mins walk from the game-changer Crossrail infrastructure now named the Elizabeth Line. These factors make it an ideal choice for multinational/global corporations seeking the best in modern, high-specification refurbished offices with the pinnacle category of ESG credentials with the BREEAM outstanding rating, as they seriously consider making this office development their European or global headquarters.”

Cheyne Capital Management has provided a £150m senior loan to a joint venture between Castleforge and Gamuda Berhad to fund the acquisition of Winchester House, a 317,000 sq ft office building in the City of London.

Last week, the joint venture acquired the office building, the current UK headquarters of Deutsche Bank AG in the UK, for £257 million.

Castleforge and Gamuda plan to proceed with an extensive refurbishment programme designed to add critical massing and improve the overall sustainability of the building, targeting highest ESG credentials once completed, including BREEAM Outstanding rating, Net Zero Carbon, WELL Core Platinum and NABERS UK Five Star.

Andreas Dimitriou from Cheyne Capital Real Estate commented: “This is a rare opportunity to redevelop an office of this size in the heart of the City of London. This remains one of the most attractive office locations in the world thanks to strong tenant demand, excellent transport links and limited development pipeline. Only one in seven refurbishments in London achieve a BREEAM Outstanding rating while the majority of current London office stock won’t meet the expected minimum energy efficiency requirements by the end of the decade. This makes this project even more unique and set to attract institutional tenants who want to reside in an office they know is in line with best-in-class corporate ESG policies. We are excited to be part of the next stage of this building’s history and to ensure its long-term sustainability.”

Michael Kovacs, Founding Partner of Castleforge said: “Winchester House is a landmark acquisition for Castleforge and the City. Supported by Cheyne Capital and working with Gamuda, we are confident that we will see this space transformed to trailblaze a new class of amenity rich and sustainable offices in the area. This is a very exciting development not just for us but for potential future tenants looking to collaborate in the best office space available, right in the heart of London. Doing so makes for better business and helps firms meet their ESG targets. We look forward to progressing to the next stage of planning for this prime location.”

Mohammed Rashdan bin Mohd Yusof, Deputy Group Managing Director of Gamuda Berhad said:  “Winchester House is a highly sought-after commercial asset in the City, especially with its eventual top-tier ESG rating of BREEAM Outstanding, which is exactly what all large global corporations, being highly ESG conscious themselves, are looking for. The iconic office project is situated in the heart of the City of London, the Square Mile which is the global financial centre and mega-tech hub. It also is less than a 5-mins walk from the game-changer Crossrail infrastructure now named the Elizabeth Line. These factors make it an ideal choice for multinational/global corporations seeking the best in modern, high-specification refurbished offices with the pinnacle category of ESG credentials with the BREEAM outstanding rating, as they seriously consider making this office development their European or global headquarters.

“The iconic office project is situated in the heart of the City of London, the Square Mile which is the global financial centre and mega-tech hub. It also is less than a 5-mins walk from the game-changer Crossrail infrastructure now named the Elizabeth Line. These factors make it an ideal choice for multinational/global corporations seeking the best in modern, high-specification refurbished offices with the pinnacle category of ESG credentials with the BREEAM outstanding rating, as they seriously consider making this office development their European or global headquarters.”

Global alternative asset manager Cheyne Capital Management (UK) LLP (“Cheyne Capital”), today announced that it has provided a senior loan to a joint venture between Castleforge, the UK-based private real estate investor, and its Malaysian partner, Gamuda Berhad. The loan will be used to fund the acquisition of Winchester House, a 317,000 sq ft office building in the City of London.

Castleforge and Gamuda plan to proceed with an extensive refurbishment programme designed to add critical massing and improve the overall sustainability of the building, targeting the highest ESG credentials once completed.

Andreas Dimitriou from Cheyne Capital Real Estate commented: “This is a rare opportunity to redevelop an office of this size in the heart of the City of London. This remains one of the most attractive office locations in the world thanks to strong tenant demand, excellent transport links and limited development pipeline.

“Only one in seven refurbishments in London achieve a BREEAM Outstanding rating while the majority of current London office stock won’t meet the expected minimum energy efficiency requirements by the end of the decade. This makes this project even more unique and set to attract institutional tenants who want to reside in an office they know is in line with best-in-class corporate ESG policies.

“We are excited to be part of the next stage of this building’s history and to ensure its long-term sustainability.”

Michael Kovacs, Founding Partner of Castleforge said: “Winchester House is a landmark acquisition for Castleforge and the City. Supported by Cheyne Capital and working with Gamuda, we are confident that we will see this space transformed to trailblaze a new class of amenity-rich and sustainable offices in the area.

“This is a very exciting development not just for us but for potential future tenants looking to collaborate in the best office space available, right in the heart of London. Doing so makes for better business and helps firms meet their ESG targets. We look forward to progressing to the next stage of planning for this prime location.”

Mohammed Rashdan bin Mohd Yusof, Deputy Group Managing Director of Gamuda Berhad said: “Winchester House is a highly sought-after commercial asset in the City, especially with its eventual top-tier ESG rating of BREEAM Outstanding, which is exactly what all large global corporations, being highly ESG conscious themselves, are looking for.

“The iconic office project is situated in the heart of the City of London, the Square Mile which is the global financial centre and mega-tech hub. It also is less than a 5-min walk from the game-changer Crossrail infrastructure now named the Elizabeth Line.

“These factors make it an ideal choice for multinational/global corporations seeking the best in modern, high-specification refurbished offices with the pinnacle category of ESG credentials with the BREEAM outstanding rating, as they seriously consider making this office development their European or global headquarters.”

Castleforge and Gamuda were advised by Lakefield Capital.

Pan-European investors taking comfort from the first signs of recovery in the markets of March were caught out by an icy blast hailing from the west. Massive amounts of customer withdrawals had provoked the crash of Silicon Valley Bank in California, followed swiftly by the failure of its US-peer Signature Bank.

But on closer shores, institutions proved no more secure. Days later, banking group UBS agreed to take over its Zurich-headquartered peer Credit Suisse in a £2.65 billion deal pushed through by Swiss authorities to calm the markets. Although swift action seems to have swerved a collapse that could have triggered a tsunami of banking failures, a leap in Swiss National Bank sight deposits suggests that both Credit Suisse and UBS may have taken large chunks of emergency liquidity to secure the merger, as reported by Reuters. And real estate investors know too well that when banks are saved, there are always accounts to settle at a later date.

Rising financing costs

The latest round of banking tremors has come in the wake of a year of rising swap rates and increasingly expensive financing for players in commercial real estate. A new European lending report published last week reveals that borrowers are now paying up to 6% all-in interest for loans on prime European properties, compared to just 2-3 per cent a year ago. Opportunistic or repositioning assets are priced 60-100 bpd wider.

The Bayes Business School European Commercial Real Estate Lending Report shows that in Europe, German bank lenders still offer some of the highest loan-to-value (LTV) for investment assets (between 75-80 per cent) and loan-to-cost (LTC) for development lending (between 77-82%). Other European bank lenders have been more conservative (between 55-60 per cent LTV and 60-75 per cent LTC).

Loan size also matters. Smaller loans might be priced higher because there is less lender appetite, as well as very large loans (up to €100 million), which might require more than one underwriting lender. The typical sweet spot is between €20 and 50 million, which attracts the lowest and most competitive lending rates (between 1.5-2.5% variable margin rate for a five-year loan term plus Euribor).

Importantly, the loan trend is finally having an impact on prices. “Where property yields for prime offices have been ranging from 2.75% to 3.5% the level of financing rates cannot be sustained and are forcing property values down or leaving assets and borrowers stranded,” notes the research, authored by Nicole Lux, senior research fellow at Bayes Business School.

Non-traditional lenders

Amidst this gloomy outlook, there are some bright spots for equity players as values soften, and for hospitality buyers pursuing debt in the alternative space. “Finance is still available to hotel real estate investors,” affirms Patrick Saade, senior managing director of JLL’s EMEA hotels and hospitality division.

“It’s a misconception to think it’s not. In addition to traditional lenders, new lenders have set up shop to fill the gap, from private credit to private equity players.”

The Hotel Maria

Cheyne Capital is one lender which is expanding in the hospitality space. Last month, the alternative asset manager provided a €62 million senior loan to Samla Capital Oy to finance the redevelopment of The Hotel Maria, a luxury hotel located in the heart of Kruununhaka, Helsinki. The project represents Cheyne’s second real estate transaction in Finland.

Daniel Schuldes and Michael Fournier of Cheyne Capital said: “As a firm, we continue to see attractive lending opportunities in the luxury hotel sector as consumers seek out enhanced lifestyle experiences. We’re therefore proud to support Samla Capital Oy with the financing of this prestigious project and look forward to the delivery of a world-class hotel in Finland.”

Added Samppa Lajunen, founder and portfolio manager of Samla Capital Oy: “Luxury tourism is a growing market and the demand for hotels that meet this need is also emerging across Finland. We are pleased to be partnering with Cheyne Capital, who understands the value of The Hotel Maria’s concept and the luxury hotel sector.”

The finished hotel will consist of 117 rooms, two restaurants, two bars, a spa, a gym, a ballroom, and a small chapel, and is expected to launch in December 2023.

Green loan options

Other hospitality firms are finding success in the green loan space. Recently, citizenM secured a dual currency €243.3 million and £201.7 million sustainability linked loan (SLL) facilitated by HSBC UK and HSBC Continental Europe, ABN AMRO Bank and Aareal Bank.

By refinancing existing debt as a SLL, citizenM has tied its funding to specific environmental, social and governance (ESG) targets, which include reducing operating CO2 emissions and improving existing green building certifications across its European owned hotel assets. CitizenM, which operates 31 hotels across nine countries and 18 cities, said it was one of the first European hospitality businesses to adopt the SLL funding structure.

CitizenM at London Victoria Station 

Fred Bos, head commercial clients sector, sustainability and E&E expertise at ABN Amro, sees the ”cooperation as a positive step towards the prevention of climate change and as an opportunity to grow our loan book in a responsible way”. He adds: “We look forward to scaling what we have achieved with this financing structure more widely across the highly attractive hotel industry.”

For Saade, too, fears over retreating bank financing may currently be overstated. “Financing is more expensive today if we look at swap rates linked to Euribor. Yet the right asset and the right sponsor are still going to get quite aggressive financing from the banks,” he notes.

“The right asset but an unknown sponsor can still obtain financing if they can supply a guarantee. For anything that is more exotic and more complicated, the gap is being filled by the credit funds and private equity. Specialist credit funds are excited as they know there is a gap to fill – we have been very active matching lenders to investors in that space.”

In conclusion, he notes:  “Whoever has a refinancing event approaching will be hoping that their cash flow has caught up as they still might have to put equity down.

“But we are not seeing a huge wave of distress on the horizon, although some high-levered owners will have to sell at some point.”

Cheyne Capital Management it has provided a senior loan to a joint venture between Castleforge and Gamuda Berhad. The loan will be used to fund the acquisition of Winchester House, a 317,000ft² office building in the City of London. Castleforge and Gamuda plan to proceed with an extensive refurbishment programme designed to add critical massing and improve the overall sustainability of the building, targeting highest ESG credentials once completed, including BREEAM Outstanding rating, Net Zero Carbon, WELL Core Platinum and NABERS UK Five Star.

 

Andreas Dimitriou from Cheyne Capital Real Estate commented: “This is a rare opportunity to redevelop an office of this size in the heart of the City of London. This remains one of the most attractive office locations in the world thanks to strong tenant demand, excellent transport links and limited development pipeline. Only one in seven refurbishments in London achieve a BREEAM Outstanding rating while the majority of current London office stock won’t meet the expected minimum energy efficiency requirements by the end of the decade. This makes this project even more unique and set to attract institutional tenants who want to reside in an office they know is in line with best-in-class corporate ESG policies. We are excited to be part of the next stage of this building’s history and to ensure its long-term sustainability.”

 

Michael Kovacs, Founding Partner of Castleforge said: “Winchester House is a landmark acquisition for Castleforge and the City. Supported by Cheyne Capital and working with Gamuda, we are confident that we will see this space transformed to trailblaze a new class of amenity rich and sustainable offices in the area. This is a very exciting development not just for us but for potential future tenants looking to collaborate in the best office space available, right in the heart of London. Doing so makes for better business and helps firms meet their ESG targets. We look forward to progressing to the next stage of planning for this prime location.”

 

Mohammed Rashdan bin Mohd Yusof, Deputy Group Managing Director of Gamuda Berhad said:  “Winchester House is a highly sought-after commercial asset in the City, especially with its eventual top-tier ESG rating of BREEAM Outstanding, which is exactly what all large global corporations, being highly ESG conscious themselves, are looking for. The iconic office project is situated in the heart of the City of London, the Square Mile which is the global financial centre and mega-tech hub. It also is less than a 5-mins walk from the game-changer Crossrail infrastructure now named the Elizabeth Line. These factors make it an ideal choice for multinational/global corporations seeking the best in modern, high-specification refurbished offices with the pinnacle category of ESG credentials with the BREEAM outstanding rating, as they seriously consider making this office development their European or global headquarters.

 

“The iconic office project is situated in the heart of the City of London, the Square Mile which is the global financial centre and mega-tech hub. It also is less than a 5-mins walk from the game-changer Crossrail infrastructure now named the Elizabeth Line. These factors make it an ideal choice for multinational/global corporations seeking the best in modern, high-specification refurbished offices with the pinnacle category of ESG credentials with the BREEAM outstanding rating, as they seriously consider making this office development their European or global headquarters.”

Cheyne Capital has provided a £150m loan to a JV between UK-based private real estate investor Castleforge and its Malaysian partner Gamuda Berhad.

The senior loan will be used to fund the acquisition of Winchester House, a 317,000 sq ft office building in the City of London.

Castleforge and Gamuda plan do an extensive refurbishment programme to add critical massing and improve the overall sustainability of the building.

“This is a rare opportunity to redevelop an office of this size in the heart of the City of London,” said Andreas Dimitriou at Cheyne Capital. 

“This remains one of the most attractive office locations in the world thanks to strong tenant demand, excellent transport links and limited development pipeline. 

“[The sustainable credentials] make this project even more unique and set to attract institutional tenants who want to reside in an office they know is in line with best-in-class corporate ESG policies.”

Michael Kovacs, founding partner of Castleforge, added: “Winchester House is a landmark acquisition for Castleforge and the City. 

“Supported by Cheyne Capital and working with Gamuda, we are confident that we will see this space transformed to trailblaze a new class of amenity rich and sustainable offices in the area.” 

Mohammed Rashdan bin Mohd Yusof, deputy group managing director at Gamuda Berhad, commented: “The iconic office project is situated in the heart of the City of London, the Square Mile, which is the global financial centre and mega-tech hub. 

“It also is less than a five-minute walk from the game-changer Crossrail infrastructure now named the Elizabeth Line.”

Castleforge and Gamuda were advised by Lakefield Capital.

Cheyne Capital Management has provided a £122.8M senior loan to MARK, the pan-European real estate investment manager, to refinance a newly developed, mixed-use scheme known as Borough Yards in south London.

Borough Yards sits in a prime location adjacent to Borough Market and provides state-of-the-art leisure, office and retail space. The regeneration of this site has activated an area of London Bridge which benefited from a healthy footfall of over 15 million people per annum but which was historically underserved by retail. The new scheme includes over 50 units nestled underneath Victorian arches, an Everyman cinema and two fully let office buildings – operated by The Office Group – with BREEAM “Excellent” ratings.

Filippo Alessandria of Cheyne Capital Real Estate said: “At Cheyne we are mostly sector agnostic, focusing instead on lending against quality real estate projects and sponsors who have a proven track record and capabilities to deliver on their business plan. The new Borough Yards scheme brings to London Bridge a uniquely designed mixed-use destination, underpinned by unparalleled footfall from nearby Borough Market and Tate Modern. All this is evidenced by the impressive leasing activity at the scheme. We look forward to working with MARK on this exciting project.”

Pan-European real estate investment manager MARK has secured a £122.8m (€139.3m) loan from Cheyne Capital Management UK to help refinance a new mixed-use scheme in the UK.

The senior loan will be used to refinance a developed, mixed-use scheme known as Borough Yards in south London.

The new scheme includes over 50 units nestled underneath Victorian arches, a cinema and two fully-let office buildings.

Filippo Alessandria of Cheyne Capital Real Estate, said: “At Cheyne we are mostly sector agnostic, focusing instead on lending against quality real estate projects and sponsors who have a proven track record and capabilities to deliver on their business plan.

“The new Borough Yards scheme brings to London Bridge a uniquely designed mixed-use destination, underpinned by unparalleled footfall from nearby Borough Market and Tate Modern. All this is evidenced by the impressive leasing activity at the scheme.”

Landsec’s Southwark office project gets go-ahead

UK commercial property developer Landsec has received planning permission for the redevelopment of Red Lion Court adjacent to Borough Yards.

The new Red Lion Court development will deliver 230,000sqft of offices, retail and open public space on the banks of the River Thames. The development is part of Landsec’s 1m sqft development pipeline to create a green office cluster in Southwark.

Oliver Knight, the head of workplace at Landsec said: “The London market remains resilient, and through our work in Southwark, and more broadly across the rest of London and the UK, we are building a pipeline with optionality baked in – allowing us to bring products that offer the very best locations, amenities and sustainability credentials forward to the market at the most opportune time.

“With The Forge nearing completion and progress being made on site at Timber Square, this approval at Red Lion Court will unlock the next stage of the one million sqft green office cluster we’re developing in the borough.”

Cheyne Capital Management has provided a £122.8m senior loan to Mark for a newly developed, mixed-use scheme known as Borough Yards in south London.

The loan provided was used to refinance the existing lender group following practical completion and partial lease-up.

Borough Yards sits in a prime location adjacent to Borough Market and provides state-of-the-art leisure, office and retail space. The regeneration of this site has activated an area of London Bridge which benefited from a healthy footfall of over 15 million people per annum but which was historically underserved by retail.

The new scheme includes over 50 units nestled underneath Victorian arches, an Everyman cinema and two fully let office buildings – operated by The Office Group – with BREEAM “Excellent” ratings.

Since the grand launch in Spring 2022, Mark has leased 75% of the scheme by lettable area, with occupiers including TOG, Everyman cinema, Alain Ducasse, Vinoteca, Barrafina and Brother Marcus.

Filippo Alessandria of Cheyne Capital Real Estate said: “At Cheyne we are mostly sector agnostic, focusing instead on lending against quality real estate projects and Sponsors who have a proven track record and capabilities to deliver on their Business Plan. The new Borough Yards scheme brings to London Bridge a uniquely designed mixed-use destination, underpinned by unparalleled footfall from nearby Borough Market and Tate Modern. All this is evidenced by the impressive leasing activity at the scheme. We look forward to working with MARK on this exciting project.”

LondonMetric Property ha venduto sette attività a reddito lungo per 38,3 milioni di euro (33,9 milioni di sterline), riflettendo un NIY misto del 4,5% e cristallizzando un IRR misto del 10% e un profitto sui costi del 28%. Si veda qui Euroep-re.  Le attività, che generano € 1,6 milioni (£ 1,4 milioni) di affitto annuo, sono interamente locate con un WAULT di 14 anni e comprendono: · un negozio Aldi di 19.000 piedi quadrati a Weymouth, venduto per 7,7 milioni di euro (6,8 milioni di sterline); · un magazzino urbano di 53.000 piedi quadrati affittato a Restore Scan a Salford, venduto per 7,5 milioni di euro (6,6 milioni di sterline); · un self storage di 42.000 piedi quadrati a Oldbury, venduto per 6,4 milioni di euro (5,7 milioni di sterline); · un  Premier Inn di 16.000 piedi quadrati a Ringwood, venduto per 9,8 milioni di euro (8,65 milioni di sterline); · un’unità commerciale di 22.000 piedi quadrati affittata a Jewson a Littlehampton, venduta per 4,5 milioni di euro (4 milioni di sterline); · un portafoglio di due autolavaggi IMO venduto per 2,5 milioni di euro (2,2 milioni di sterline). LondonMetric annuncia inoltre di aver completato la vendita di un nuovo M&S Foodhall a Derby per 7 milioni di euro (6,2 milioni di sterline). Lo scambio della vendita era stato precedentemente annunciato nel 2021.  Le attività sono state vendute con uno sconto medio del 4,7% rispetto al valore contabile del 30 settembre 2022.

Accor ha annunciato l’apertura dell’ibis Styles Copenhagen Orestad insieme al partner Borealis Hotel Group per il debutto del marchio alberghiero sia in Danimarca che nei paesi nordici. L’hotel da 186 camere è situato nel quartiere centrale degli affari di Orestad, vicino al centro di Copenaghen. Si veda qui Europe-re. L’edificio è stato progettato da Holscher Nordberg Architects a Copenaghen, con un design d’interni su misura della casa di design olandese Mulderblauw. Portano il loro stile raffinato inconfondibile all’hotel con camere contemporanee e aree pubbliche incentrate sull’intersezione tra natura e vita urbana, con citazioni al neon, illuminazione a cascata e pareti con graffiti accanto a scene della natura, carta da parati illustrata e moquette floreale, culminando in luminose aree pubbliche spazi pensati per essere instagrammati. Situato all’interno del famoso progetto Nest45, un edificio multifunzionale d’oro DGNB, l’hotel si trova all’interno di un accattivante centro di uffici e piccole imprese a Orestad, un quartiere noto per il suo design urbano contemporaneo e la facile vicinanza alla città. In qualità di primo hotel ibis Styles ad aprire nella regione nordica e suo fiore all’occhiello per la regione, l’hotel segna un punto di ingresso nel mercato per il marchio economico e di design. Ben posizionato per i fine settimana, i viaggiatori d’affari e le famiglie, è a soli 15 minuti di metropolitana dalla stazione centrale della città.

Under Armour ha lanciato la sua prima Brand House nel Regno Unito al Liverpool ONE in grande stile. Per celebrare l’occasione, l’atleta Under Armour e specialista di palle inattive Trent Alexander-Arnold ha accettato la sfida di battere un calcio di punizione per sfondare le vetrine e lanciare ufficialmente il nuovo negozio. L’evento di lancio ha visto anche il presentatore di calcio Josh Denzel ospitare una sessione di domande e risposte in negozio con Trent e giovani atleti di calcio del Tiber Football Center locale. Si veda qui Europe-re.  I giovani atleti hanno posto una serie di domande a Trent e hanno fatto autografare i loro prodotti Under Armour dal loro eroe del calcio locale. Il Tiber Football Center ospita un’accademia supportata da Trent e Liverpool FC, aiutando i giovani calciatori a raggiungere i loro obiettivi e diventare modelli positivi all’interno delle loro comunità locali. La nuova Brand House offrirà un’esperienza senza soluzione di continuità per gli atleti e i consumatori Under Armour, compresi i camerini collegati che daranno loro l’opportunità di sentire, provare e conoscere i prodotti e i loro vantaggi utilizzando gli schermi interattivi installati. Conterrà anche opere d’arte su misura, rendendo omaggio all’atleta Under Armour e all’eroe del Liverpool Trent per ispirare le future generazioni di atleti di calcio a Liverpool. Il negozio ospiterà prodotti performanti di popolari collezioni co-gender train and run come RUSH, Iso-Chill, HOVR e molte altre. Con la Brand House, Under Armour spera di continuare la sua missione di migliorare gli atleti, mostrando loro cosa serve per essere i migliori.

Regal London e Cheyne Capital Management hanno acquisito il Great North Leisure Park, un sito di 11,2 acri su High Road, North Finchley nel London Borough of Barnet. Si veda qui CreHerald.  Confinante con Glebelands Open Space, il parco commerciale è indicato da Barnet come un sito strategico per la riqualificazione residenziale. Il Great North Leisure Park ospiterà anche la terza Regal London Real Estate Academy. La prima Academy è stata lanciata a Watford nel 2022 con la seconda in affitto B all’inizio di quest’anno.