Zero VAT for solar installations sends 'clear message’ that the government is backing net-zero transition
Warehouse providers welcome extension of the zero VAT rating for solar panels, heat pumps and insulation to battery storage, when either retrofitted to a solar photovoltaic (PV) system or fitted as a standalone unit.
Supermarket Income REIT completes Sainsbury sale
Supermarket Income REIT has completed the £430.9m sale of its interest in the Sainsbury’s Reversion Portfolio completed on 17 March 2023.
BBC Digbeth Factory home approved by planners
Planners at Birmingham City Council have given the go-ahead for the BBC’s new home at the former Typhoo Tea factory in Digbeth.
Capital & Regional sells The Mall, Luton for £58m
REIT Capital & Regional, which owns retail and leisure properties and specialises in community shopping centres, has sold The Mall, Luton to SDI (Luton) and SDI (Luton 2) for £58m.
Revenue leaps 30% at Empiric Student Property
Empiric Student Property, the owner and operator of premium, studio-led student accommodation across the UK, has reported a revenue increase of 30% to £73m for the year ended 31 December 2022.
Stage Fifty gains planning permission for film studio in High Wycombe
Film and television studio developer Stage Fifty has received full planning permission from Buckinghamshire Council to create an eight-stage film studio in High Wycombe.
St. Modwen spends £56m building 450,000 sq ft Chippenham sheds
St. Modwen Logistics, owned by private equity giant Blackstone, is investing around £56m to build 450,000 sq ft of speculative development in Chippenham, Wiltshire.
Retail Watch: Asda reported to be launching property review
Supermarket giant Asda has declined to say whether it has mandated advisers to explore options for its property portfolio.
Hammerson greenlighted to turn Birmingham’s Drum into 200,000 sq ft offices
Property giant Hammerson has been granted planning consent to repurpose the former John Lewis department store building at Grand Central, part of its Birmingham Estate, into 200,000 sq ft of offices.
Home Office signs for 38,000 sq ft in Stoke-on-Trent
Investor Genr8 Developments and Stoke-on-Trent City Council have let 38,000 sq ft of space their jointly-owned Smithfield mixed-use scheme in Stoke-on-Trent city centre to the Home Office.
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Post-Covid house price rises tipped to be wiped out in 2023
A nominal price decline of up to 7% is expected for residential property in 2023, wiping out most of post-Covid-19 rise in values, according to Fitch Ratings’ report ‘Credit Perspectives on the UK Housing Market: Solid Foundations or Cracks Emerging?’
Peter Bill on planner gains and competition authority pain
Should planning consultants get overage? An essentially moral question, one which came up when confronted with the slightly shocking news two weeks ago that a few in the profession are so confident in their warm relationship with Local Planning Authority officers that they boast of being able to get more ...
Improvements to the planning system will boost housing delivery
Last week, the Competition and Markets Authority (CMA) launched a market study into the housebuilding sector – how it functions, how well it performs for consumers and other stakeholders, and how it might work better. This includes concerns that housebuilders are not delivering homes at sufficient speed.
CMA probe into housebuilders threatens to disrupt industry
Regulator may propose competition test for housing sites or forced sales to level playing field for small developers.
Q&A: Oblix Living founder on filling a niche in the BTR market
Chief executive Rishi Passi says being a newcomer to the sector adds challenges at an already difficult time.
Ringley’s Kate Robinson the regulatory maze which could leave leaseholders out of pocket
Section 4 of the Building Safety Act requires an appointed person to ensure fire and structural safety for all buildings deemed high-risk. The government’s consultation proposes that resident management companies (RMCs) and right-to-manage companies (RTMs) appoint building safety directors in place of volunteers, if unable to designate someone that can ...
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Expert comments
MIPIM Day 2: blog by Susan Freeman
MIPIM Day 1: blog by Susan Freeman
Peter Bill on planner gains and competition authority pain
Mipim: Avison Young’s Stephen Cowperthwaite on ‘Better places, greater impact, stronger business’.
Heart of London Business Alliance’s Ros Morgan gives her 10 reasons to be happy three years on from Covid
MIPIM Day 2: blog by Susan Freeman
MIPIM Day 1: blog by Susan Freeman
Peter Bill on planner gains and competition authority pain
Mipim: Avison Young’s Stephen Cowperthwaite on ‘Better places, greater impact, stronger business’.
Heart of London Business Alliance’s Ros Morgan gives her 10 reasons to be happy three years on from Covid