June 17, 2019
The Cubex Land and Palmer Capital office scheme, Aurora, has been shortlisted for ‘Regional Deal of the Year’ at the EG Awards 2019. The development joins an exceptional group of nominees and the results will be announced at the awards ceremony which is taking place later on in the year.
In addition, the development recently picked up two awards at the Bristol Property Awards which took place on 17 May 2019. The awards join a long list of fantastic nominations and wins for the development, which sold to Royal London Asset Management for a record £62.13m in September 2018, reflecting a 4.75% net initial yield.
The development, which was committed to be speculatively built with funding through Palmer Capital Development Fund IV, a programmatic venture managed exclusively on behalf of clients of CBRE Global Investment Partners (‘CBRE GIP’) has now been nominated for a total of six awards and has won a further five including CoStar ‘Deal of the Year’ and Insider South West Awards ‘Commercial Development of the Year’. The BREEAM Outstanding development has been perfectly blended in to the wider mixed-use Finzels Reach scheme. It is a best in class development, and a key business generator, which revived both investor and community confidence back in to the local area and so it’s no wonder it has been recognised by the industry in this way.
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