March 13, 2019
We are delighted to announce that Cubex Land, the Bristol-based property developers, and the powerhouse behind the regeneration of Bristol have been awarded Deal of the Year for the office development Aurora at the Co-Star Awards, as voted for by their readers. This comes hot on the heels of their Property Week and RICS nominations, and all in their 15th year in business.
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 for £62.13m to Royal London, delivering a 2.3x EqM geared, after achieving 85% pre-letting during construction.
Perfectly blended in to the wider mixed-use Finzels Reach scheme, Aurora was a best in class development, and a key business generator, which revived both investor and community confidence back in to the local area, and it’s no wonder its also been shortlisted for ‘Deal of the Year’ at the Property Week Awards, ‘Commercial Development of the Year’ at the RICS Awards.
For more information about Cubex Land, please click here