April 14, 2025
Kennedy Wilson acquires Ultra-Urban London industrial park from Fabrix

Kennedy Wilson acquires Ultra-Urban London industrial park from Fabrix

4.7 acre Bromley-by-Bow industrial park is the biggest industrial site within three miles of the City Global real estate investment company Kennedy Wilson announces that it has acquired Bromley-by-Bow Industrial Park, a strategically located East London development site with planning consent for the creation of a highly sustainable, best in

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New Development and Asset Management Venture Launched by Ex-Thackeray Group Directors, Backed By SevenCapital

New Development and Asset Management Venture Launched by Ex-Thackeray Group Directors, Backed By SevenCapital

SevenCitiesLdn, a new property investment, development and asset management venture based in central London, has launched with the backing of leading UK property development and investment group SevenCapital. Backed by £100million in capital, the new business is dedicated to acquiring and repositioning value-add real estate opportunities across London, the South

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Latest Issue
Issue 328 : May 2025

April 14, 2025

Kennedy Wilson acquires Ultra-Urban London industrial park from Fabrix

Kennedy Wilson acquires Ultra-Urban London industrial park from Fabrix

4.7 acre Bromley-by-Bow industrial park is the biggest industrial site within three miles of the City Global real estate investment company Kennedy Wilson announces that it has acquired Bromley-by-Bow Industrial Park, a strategically located East London development site with planning consent for the creation of a highly sustainable, best in class ultra urban industrial scheme with a GDV of circa £100 million, from Fabrix. Located on a 4.7 acre area, the site was assembled and master planned by Fabrix following a series of land purchases which took place over several years. It subsequently achieved planning consent for the regeneration of the site in September 2024, doubling the current space for a scheme which will deliver 135,000 square feet of highly desirable and sustainable industrial space. Situated within only three miles of the City of London in a prime distribution location, the site benefits from fast access to Central London, a critical consideration for many high-value industrial occupiers, and the rest of the city by virtue of its excellent access to key arterial roads. As one of only two Strategic Industrial Locations in Tower Hamlets, Fabrix designed the redevelopment to set a new standard for how industrial space can be sensitively integrated within the urban fabric and be a positive neighbour to both adjacent industrial estates and residential communities, with a design that significantly improves the appearance, efficiency and sustainability of the site. It was this approach that helped to unlock the regeneration of the most centrally located, undeveloped large-scale industrial site in London, in an area where much of the existing stock of industrial space is being lost to other uses.  The site proposals comprise a new-build central block of industrial units arranged in two linear terraces around a central yard (consisting of 10 units of varying sizes from 600 square metres – 1800 square metres), and a re-purposed small brick MOT warehouse building, positioned at the west entrance, designated for use as the Affordable Workspace & a Circular Economy Hub, totaling 11,976 square metres (GIA) of floorspace. The scheme, which will be developed by Kennedy Wilson to EPC ‘A’, and BREEAM ‘Excellent’, is expected to be attractive to a range of future occupiers, but particularly those operating in ‘last mile’ delivery. Fabrix will retain a role as a consultant for Kennedy Wilson during the initial stages of development to drive forward ESG and community initiatives through the partnerships it has generated with local organisations. This latest acquisition expands Kennedy Wilson’s UK industrial platform, which totals nearly 9 million square feet and represents circa $1.6 billion of AUM. “This transaction represented a rare opportunity to acquire a highly desirable industrial scheme in a location with strong underlying fundamentals,” said Mike Pegler, President, Kennedy Wilson Europe. “We are always looking for opportunities to invest capital into industrial assets in thriving urban locations and this is particularly attractive where schemes, such as Bromley-by-Bow, will offer leading sustainability credentials to its future occupants.” Louis Duffield, Partner and Head of Investment at Fabrix said: “Fabrix’s consented scheme for the regeneration of Bromley-by-Bow Industrial Park is a project that will deliver super prime-quality space for ultra urban industrial and logistics uses, and secure genuine benefits for the community in Tower Hamlets. Kennedy Wilson’s purchase of the site will not only realise the value created by this vision, but also means that Fabrix can advance with our plan to rationalise our activity around the living and office sectors, marking an exciting new phase of work. Fabrix developed this project over many years of relationship building with the community and stakeholders, and we look forward to collaborating with Kennedy Wilson in a consultant role to drive forward ESG and community initiatives.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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New Development and Asset Management Venture Launched by Ex-Thackeray Group Directors, Backed By SevenCapital

New Development and Asset Management Venture Launched by Ex-Thackeray Group Directors, Backed By SevenCapital

SevenCitiesLdn, a new property investment, development and asset management venture based in central London, has launched with the backing of leading UK property development and investment group SevenCapital. Backed by £100million in capital, the new business is dedicated to acquiring and repositioning value-add real estate opportunities across London, the South East and key regional cities.  It will initially target assets between £5m and £30m, across multiple sectors, including commercial, residential, student accommodation, retail, hospitality and leisure. SevenCitiesLdn is led by Giles Hoare and Cameron Mitchell, both RICS qualified and former Thackeray Group directors, who together have a combined 25 years’ experience and over £500m worth of real estate transactions across multiple sectors. The newly formed team at SevenCitiesLdn will have a clear mandate to identify and execute deals that unlock value through strategic asset management, repositioning and development, capitalising on evolving market conditions and shifting occupier demands. Damien Siviter, Group Managing Director at SevenCapital Group said: “At SevenCapital, we pride ourselves on our ability to both identify and nurture new investment, development and business opportunities. Embracing modern advances in technology, new ways of working, and employing emerging industry talent are key ingredients to the future success of our business, the property market and indeed the urban landscapes within which we operate. “SevenCitiesLdn is an exciting new venture, with an enterprising vision and approach to transforming the built environment that both aligns with our values and adds a new dynamic to the SevenCapital Group. I look forward to supporting and developing the business as it establishes itself and grows over the coming months and years.” Giles Hoare, Director at SevenCitiesLdn, added: “The UK real estate market continues to offer compelling opportunities for those with the vision and agility to act decisively. With the backing of SevenCapital, we have the firepower and platform to make a meaningful impact. We look forward to collaborating with investors, occupiers, and stakeholders to deliver transformative projects.” Cameron Mitchell, Director at SevenCitiesLdn, added: “SevenCitiesLdn brings a fresh and ambitious approach to real estate investment and development. We are combining SevenCapital’s established expertise with a forward-thinking, entrepreneurial mindset to identify and unlock value in the market. With significant capital available, we are dedicated to acquiring and developing real estate that caters to the evolving urban landscape and needs of modern business and communities.” Prior to forming SevenCitiesLdn, Giles Hoare worked as Investment Director at Thackeray Group, which he joined in 2018. He previously worked for London & Cambridge Properties Ltd and Cushman & Wakefield. Cameron Mitchell leaves his role as Development Director at Thackeray Group, having joined in 2019, prior to which he worked as a surveyor for CBRE. SevenCitiesLdn is actively sourcing opportunities in London and key cities across the UK and welcomes discussions with agents, brokers, investors and joint venture partners across the sector. To get in touch email: enquiries@sevencitiesldn.com or visit our website: sevencitiesldn.com Building, Design & Construction Magazine | The Choice of Industry Professionals

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