The Property Ticker Spelthorne council tees up £84m Reading office sale; Vendus acquires 51 retail properties for c.€248m; Watkin Jones gets green light for 33-storey Cardiff tower...and more

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The Property Ticker Spelthorne council tees up £84m Reading office sale; Vendus acquires 51 retail properties for c.€248m; Watkin Jones gets green light for 33-storey Cardiff tower...and more

c alternatives,” points to a potential

capital markets event (e.g., IPO or recapitalisation), supported by the portfolio’s

defensive, income-secure profile. Closing is expected 1 July, subject to Swedish FDI

approval. (Source: Europe RE)

• Eastway Estates buys £11 million South Kensington mixed-use parade: Eastway

Estates, the investment arm of Prideview Group, has acquired a prime mixed-use parade

at 16–26 Bute Street in South Kensington for £11m, comprising six retail units and six

large residential flats on a pedestrianised street near the Underground. The deal,

completed pre-auction, reflects Eastway’s continued push into high-quality central

London assets, taking its acquisitions to over £200m in the past year, supported by strong

momentum including its involvement in the ~£150m Notting Hill Gate deal and an

expanding on-the-ground presence in London. (Source: CoStar)

• Watkin Jones gets green light for 33-storey Cardiff tower: Watkin Jones has secured

a resolution to grant planning for a 400-unit co-living scheme at Custom House Street in

Cardiff, with formal approval expected later this summer subject to a Section 106

agreement. The 33-storey tower, located near Cardiff Central station, will deliver

furnished studios alongside extensive shared amenities and public coworking space,

supporting strong demand for professionally managed rental housing and contributing to

city centre regeneration, while building on the developer’s growing presence in Cardiff

following the completion of its 718-unit Central Quay scheme. (Source: CoStar)

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