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Anger grows in Jerusalem over potential eviction of Palestinians from homes

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Israel said it was beefing up security forces on Saturday in anticipation of more confrontations with Palestinian protesters, a day after fierce clashes at Jerusalem’s Al-Aqsa Mosque.

Tensions have mounted in the city, the occupied West Bank and Gaza throughout the Muslim holy month of Ramadan, amid growing anger over the potential eviction of Palestinians from Jerusalem homes on land claimed by Jewish settlers.

Thousands of Palestinians were expected to return to Al-Aqsa Mosque after dark fell for the sacred Muslim night of Laylat al-Qadr.

Television footage showed buses of Muslim worshippers from Israeli Arab cities being stopped by police on the main highway to Jerusalem.

Word of the roadblock spread on social media, drawing hundreds of young men from nearby Arab villages and from Jerusalem.

Dozens drove their cars the wrong way down the now-empty Jerusalem-bound lanes, picking up fellow Muslims who had abandoned their own vehicles to start the uphill trek on foot. Some chanted in Arabic: “With our souls and our blood, we will redeem you, Al-Aqsa!”

Police said it was stopping only those planning to take part in riots before the buses were allowed to proceed. Scuffles broke out and footage showed officers firing stun grenades.

On Friday, police fired rubber bullets and stun grenades towards rock-hurling Palestinian youths at the mosque in the walled Old City on the Noble Sanctuary/Temple Mount plaza sacred to both Muslims and Jews.

At least 205 Palestinians and 18 Israeli officers were injured in Friday’s confrontations, which drew international condemnations and calls for calm.

Police Commissioner Yaakov Shabtai said more officers were being deployed in Jerusalem on Saturday.

“The right to protest will be preserved, but riots will be answered firmly and with zero tolerance. I call on everyone to act responsibly and with restraint,” Shabtai said in a statement.

Border protests

Israeli prime minister Benjamin Netanyahu said in a statement that law and order would be maintained in Jerusalem as would the right to worship.

Clashes have erupted nightly in East Jerusalem’s Sheikh Jarrah – a neighbourhood where numerous Palestinian families face eviction in a long-running legal case.

The Israeli military said it was boosting troops in the West Bank and near the Gaza Strip, where Palestinians have sent incendiary balloons over the border, igniting brushfires in Israeli territory. A military spokesman said extra forces there would largely be firefighting ones.

Gaza groups issued a call for protests along the border with Israel. “We salute the ppl. of Al-Aqsa, who oppose the arrogance of the Zionists & we call on our ppl. in Palestine to support their brothers by all means,” Moussa Abu Marzouk, a leader of the armed Islamist group Hamas that rules Gaza, said on Twitter.

Tension was expected to remain high over the next few days. Israel’s supreme court will hold a hearing on the Sheikh Jarrah evictions on Monday, the same day that Israel marks Jerusalem Day – its annual celebration of its capture of East Jerusalem during the 1967 Middle East war.

Palestinians want East Jerusalem as the capital of a future state. Israel claims the entire city as its eternal, indivisible capital. Its annexation of the eastern section was not recognised internationally. – Reuters

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Maurice Investments sell London office building for €30.3m (GB)

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Allsop, acting jointly alongside Anton Page, has completed the sale of the freehold of a Grade A workspace in Aldgate, central London, on behalf of Maurice Investments for €30.3m (£26m). Acquired by Meadow Partners, the price is equivalent to approximately €1120 (£960) per ft² and a net initial yield of 5%.

 

Wool + Tailor, 10-12 Alie Street E1, comprises 27,158ft² of Grade A office and ancillary accommodation over nine floors. It is within a three-minute walk of Aldgate station and a 15-minute walk of six further train and underground stations, including Whitechapel which is on the newly opened Elizabeth line, and is multi-let to five tenants. Maurice Investments had initially acquired the building in an off-market deal advised by Allsop, which also went on to conclude a successful leasing campaign alongside Anton Page.

 

Wool + Tailor was redeveloped in 2019 to include two additional floors and a new façade, with BREEAM “very good” and EPC A and B ratings. It features an eco-friendly biodiverse roof, cycle racks to accommodate up to 36 bikes, and a WiredScore Gold certification with fibre optic internet. Wool + Tailor further benefits from outstanding natural light throughout, which is enhanced by floor-to-ceiling heights of up to 3.3 metres, and a 7th floor communal business lounge with dual aspect terraces offering panoramic views of the City and beyond.

 

Matthew Millman, Partner at Allsop, said: “The sale of Wool + Tailor concludes a highly successful business plan for our client where we advised on the off-market acquisition, letting, then disposal of what has become one of the finest buildings in Aldgate. Wool + Tailor satisfies the requirements of the modern investor and occupier for ‘best in class’ office space with strong ESG credentials, excellent connectivity and plentiful nearby cafes, bars and restaurants.”

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AnaCap secures €59m loan for Paris office deal (FR)

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Tristan Capital Partners’ TIPS One “Income Plus” Real Estate Debt Fund has provided senior debt financing to funds advised by AnaCap Financial Partners, to support the €59.25m acquisition of South Station, a freehold office asset located in Massy, in the second ring of Paris. South Station is a high-quality property ideally located in Massy – the largest economic centre in the Southern Paris area – and is adjacent to the town’s main transport stations (RER and TGV). The asset is one of the most attractive buildings in the submarket offering modern A-grade office space with excellent amenities.

 

The sale and partial leaseback acquisition will see the vendor CGG, a geophysics specialist, remain as the majority tenant. Pramena Investment will act as the asset manager for the property.

 

Ashil Sodha, Director, Debt Investment at Tristan Capital Partners, said: “As TIPS One continues to diversify, we are pleased to have closed our first loan in France. We are focused on lending on high-quality assets with the right ESG characteristics and we believe this loan exemplifies this strategy well. We look forward to working alongside AnaCap and Pramena and supporting them in optimising their strategy for this asset.”

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Barratt and David Wilson invest €45.5m in UK resi market

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Harworth Group plc has sold two residential land parcel at its Waverley and Thoresby Vale developments to Barratt and David Wilson Homes, for a total consideration of €45.5m (£39m).

 

At Waverley in South Yorkshire, Harworth has competed a €33.8 (£29m) land sale which will see the delivery of approximately 450 homes, of which over 30% will be affordable. This represents Harworth’s largest-ever serviced residential land sale by number of plots. The new homes will represent Barratt and David Wilson Homes’ fifth phase at the site and will be situated adjacent to both Highwall Park and the Waverley Lake, benefitting from unique water frontage in an area of the development known as Waverley Waterfront. Construction will follow a bespoke design code, devised in partnership between Harworth and Barratt and David Wilson Homes, that complements the existing Waverley development while maximising the amenity value of the area’s waterfront location. The development will include a pedestrianised promenade, further enhancing the site’s placemaking and connectivity.

 

At Thoresby Vale in Nottinghamshire, Harworth has exchanged on the sale of serviced land capable of delivering 174 homes, for €11.6m (£10m). This represents the second phase of the Thoresby Vale development, following the sale of two land parcels at the site to Harron Homes and Barratt and David Wilson Homes in 2019 and 2020 respectively. Alongside the new homes, Barratt and David Wilson Homes will provide a new surface water attenuation pond and a multi-use path and associated landscaping, which will enhance connectivity and link to the site’s planned primary school and local centre, for which site preparation works are currently underway. The sales conclude an active first half for Harworth’s residential developments, during which over 100% of its budgeted residential land sales for the year were completed, exchanged or under offer, and it also launched its first single-family Build to Rent portfolio.

 

Andrew Blackshaw, Chief Operating Officer at Harworth, commented: “Barratt and David Wilson Homes is a trusted and valued partner to Harworth, and we are pleased to be developing our relationship with these two significant land sales. Harworth is particularly well-placed in volatile markets as our serviced land provides housebuilders with a product which is de-risked and ready to build on from day one. The acceleration of both our Waverley and Thoresby Vale sites will see Harworth stepping through its strategy to take advantage of the placemaking and levelling up that these schemes ultimately bring to these communities. In addition, these sales will enhance the maturation of these socially diverse neighbourhoods when delivered alongside our recently launched single family Build to Rent product, Project Spur.”

 

Ed Catchpole, Joint Regional Director for Yorkshire & Central at Harworth, added: “Barratt and David Wilson Homes has a proven track record of high-quality housing delivery at Harworth sites, and these transactions will help to further accelerate the build-out and placemaking at Waverley and Thoresby Vale. Both sites are also set to benefit from additional investment which will see the creation of new Build to Rent homes and local amenities.”

 

Mark Cotes, Managing Director at Barratt and David Wilson Homes North Midlands, said: “We’re thrilled to have secured the land for an extension to our Thoresby Vale development and will look forward to another opportunity to meet the growing demand for housing in Nottinghamshire. Our growing community in Edwinstowe will continue to provide new jobs for local people and we’ll be making further ecological and financial investments as the development progresses.”

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