It’s just under two weeks until the Property Week Awards 2019, which is being held at The Grosvenor on Park Lane.
We are looking forward to joining other industry professionals at what looks set to be a great evening celebrating the industry successes of the last year. The black tie event kicks off at 18.45 with arrival drinks, followed by a dinner and of course – the awards!
This year is an exceptionally exciting year for Palmer Capital, as across the network we are up for four awards!
Finalists for the Deal of the Year category are Cubex Land with the sale of the Aurora office building in Bristol
for £62.13m. Aurora is a BREEAM Outstanding 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’), in June 2016, shortly after the Brexit vote. It was funded with financial skill and expertise and sold in September 2018, delivering a 2.3x EqM geared, after achieving 85% pre-letting during construction.
Joint developers Manse Opus have also been shortlisted for the Deal of the Year category for their pre-let to Meggitt at their site Prospero Ansty. In Spring 2018, Manse Opus in their joint venture with Rolls-Royce secured planning consent for a 490,000 sq ft new headquarters building for Meggitt PLC, which is the first pre-let on the 2.3 million sq ft advanced manufacturing, research and office development site. The deal will be one of the UK’s largest industrial lettings for many years, and is confirmation of the manufacturing industry’s strength at a time of great political uncertainty.
Wrenbridge Land have been listed as finalists for not one, but two awards – Property Company of the Year and Developer of the Year. Wrenbridge is a privately owned property company with a wealth of experience and a passion for the property industry. Their ethos of never letting people down, working hard and having fun has served them well over the last quarter of a century, and only one person has left the company in the past 10 years. Their joint venture partners include Buccleuch, Grosvenor, Legal and General, M&G and Palmer Capital, all of whom they have a strong and successful relationship with. 2018 has been their most successful year to date which has tied in with their 25th anniversary which they celebrated with a dinner for their nearest and dearest at Clare College, Cambridge.
We look forward to seeing everyone at the awards on the 29th and wish the best of luck to all of those nominated.