News - Page 3 of 14 - Pigeon Investment Management Limited

28/10/201928/10/2019

Office building acquired in Norwich

Pigeon has completed the acquisition of a freehold multi-let office building in Norwich. The property extends to 25,326 sq ft, has 82 car spaces, and good prominence fronting Thorpe Road, one of the main arterial routes into the city centre. Current occupiers include Mott MacDonald, Certas Energy and Outlook Publishing. The property has medium term…

29/07/201929/07/2019

Residential land sold to Weston Homes

Pigeon has sold nine acres of residential land in Bury St Edmunds to Weston Homes following receipt of outline planning permission in December 2017. The land, located close to Bury town centre, has permission for approximately 188 units comprising a mix of town houses and apartments. The site is identified within the Station Hill Masterplan,…

29/07/2019

87 acres of land acquired at Hemel Hempstead

Pigeon has acquired 87 acres of freehold land on the north-eastern edge of Hemel Hempstead, Hertfordshire in a Joint Venture. The land is the first phase of an allocation for 1,500 homes in the St Albans District Local Plan submitted to the Inspector in March 2019, and is also part of the Hemel Garden Communities…

02/05/201902/05/2019

Offices acquired near Cambridge

Pigeon has acquired a freehold office premises in Swavesey near Cambridge. The property extends to 21,427 sq ft on a site of just under three acres, and consists of two office/workshop buildings at the front, with storage land at the rear. The two buildings were simultaneously let on acquisition to Envea, an engineering business, on…

01/05/201902/05/2019

Land at Trimley St Martin sold to Flagship Housing

On behalf of a landowner, Pigeon has promoted and sold 7.5 acres of land in Trimley St Martin, near Felixstowe to Flagship Housing. Detailed planning permission was granted in January 2018 for 69 homes including affordable housing. Construction is expected to begin late 2019. For more information – Elena Walker e.walker@pigeon.co.uk

24/01/201928/01/2019

Sale of North Yorkshire site for 250 homes

Pigeon has sold 24 acres of land at Sherburn-in-Elmet, in North Yorkshire to Yorkshire Housing Association. Planning permission was granted in March last year for 250 houses, open space, and a new access road onto the A162. Construction is due to commence in March 2019. For more information – James Bromhead j.bromhead@pigeon.co.uk

24/01/201928/01/2019

Ipswich industrial estate sold

Pigeon has sold a multi-let industrial estate at Cavendish Street, Ipswich. The property was sold in two separate transactions. The first comprised a terrace of trade counters and a car wash, with tenants including Screwfix and Rexel. The property was sold to a private investment partnership for circa 6.1% Net Initial Yield. Carter Jonas acted for…

21/11/201805/12/2018

Housing land at Thurston, Suffolk

Having been selected as promoter by a private landowner in 2016, Pigeon has sold 37 acres of land in Thurston, near Bury St Edmunds to Linden Homes. Outline planning permission was granted in April this year for 200 homes, including nine self-build plots, a primary school, woodland and extensive open space. Construction is due to begin in 2019. Savills advised the…

21/11/201805/12/2018

Upper King Street, central Norwich

Pigeon has sold a prominent mixed-use office building in the heart of Norwich’s business district to a private health insurance provider. The five-storey period property comprises office and leisure space; occupiers include Arnold Keys estate agents, Clancy Consulting and Stadia nightclub. The property was part vacant and derelict when Pigeon acquired it, and refurbishment works to…

13/11/201817/07/2019

“Golden Pigeon” Charity Football Tournament

Pigeon held it’s inaugural “Golden Pigeon” football tournament in October. The 6-a-side football tournament was a fly-away success, and raised £1,500 for East Anglia’s Children’s Hospices (EACH), whom Pigeon has been supporting for the past two years. Thirteen teams from across the regional house-building industry, a total of 114 players, competed for the trophy. All teams donated a fee to…