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Cubex and Palmer Capital have signed a deal with Premier Inn for a new 168-bedroom hotel at the Finzels Reach development in Bristol. The pair have submitted a planning application to Bristol City Council for the eight-storey hotel, which will be located on Counterslip, next to the completed 110,000 sq ft Bridgewater House office building […]

A joint venture between Trevor Cartner, Chris Musgrave and Palmer Capital has secured planning permission for a mixed-use development at Discovery Park in Sandwich. The former Pfizer headquarters is already home to almost 100 occupiers, and the JV plans to build a further 500 new homes, and up to 1.3m sq ft of commercial space. It also […]

Viagra maker Pfizer’s former European HQ in Sandwich, Kent, is to be transformed into a mixed-use scheme covering 200 acres. Discovery Park, bought by a Palmer Capital-backed consortium including Trevor Cartner and Chris Musgrave in 2012, will provide 2.8m sq ft of employment space and 500 homes. Dover council’s planning committee has resolved to grant outline consent […]

Palmer Capital has sold three industrial buildings totalling 169,400 sq ft at Eurocentral in Scotland for £9.3m to a property company and a JLL-managed private property fund. MWM Property acted for Palmer Capital; JLL advised the private property fund. Author: Estates Gazette Link: http://www.egi.co.uk/news/deals-4-october-2014/?keyword=palmerexitsindustrialtrio

Foreign appetite for London office stock has helped Palmer Capital and Walbrook Land to double their money on a City asset they bought in 2011. In an off-market deal this week, the Palmer Capital Development Fund II and Walbrook Land sold 103 Cannon Street, EC4, to a private Spanish investor for £17.2m – a 4.6% yield. The […]

Opus North aims to develop the first speculative office building in Leeds city centre for years. By Simon Creasey. Andrew Duncan is a man on a mission. His aim? To develop the first speculative office building in Leeds city centre for years. While some people might view this as a risky endeavour, Opus North director Duncan […]

Danescroft Land, backed by the Palmer Land Opportunity Trust, has bought two adjoining sites for £13m in Bromley-by-Bow, east London, for a major residential-led redevelopment. The first property, Access House on Imperial Street, comprises 1.1 acres with existing offices and warehouse on the ground and first floors totalling around 10,594 sq ft. It was bought from […]

Palmer Capital has formed a joint venture with CBRE Global Investors to launch its latest, and largest, opportunistic fund. The venture capital and fund management firm’s new UK opportunistic and value-add vehicle, Palmer Capital Development Fund III, has taken in £75m from CBRE Global Multi Manager in a first close and aims to grow to […]

Finzels Reach, Bristol Purchaser Cubex & Palmer Capital Type of deal Acquisition from receivership Size 4.7 acres Price Undisclosed Chosen by Julian Harbottle, director, development department, Savills (Bristol) I consider that when Cubex, backed by Palmer Capital, acquired Finzels Reach it could not have sent a more positive message to the market that city-centre mixed-use […]

Location Finzels Reach, former Courage Brewery site Size Total 1m sq ft mixed-use commercial/residential scheme – next phase originally consented for 170,000 sq ft offices, 90,000 sq ft retail Value £150m when fully built Developer Cubex Funder Palmer Capital Status Ongoing review, public realm works on site from January 2014 Completion Mid-2016 After grinding to a […]