U+I adds trio of sites to short-term pipeline

Regeneration specialist U+I has secured three new sites as it seeks to grow its short-term pipeline. In London, it has completed the off-market acquisition of the Arts Building, a 50,000 sq ft warehouse-style property close to Finsbury Park station. U+I said it planned to refurbish and convert the warehouse space to offices and that reletting the 22,000 sq ft of space left vacant by the vendor would increase the net initial yield from sub-4% to 8%. In Ashford, Kent, the group has completed a part-funding deal with Quinn Estates to buy the 12-acre Newtown Works site. Design work is already