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BBC considers extending lease at Birmingham’s Mailbox
Mailbox REIT said the BBC is likely to stay for up to another two years at the mixed-use Birmingham scheme when its lease expires in 2026.
Cavalry Barracks developer goes into administration
The development company planning to revitalise one of London’s largest remaining undeveloped brownfield sites, Cavalry Barracks near Heathrow, has gone into administration.
PureGym completes £805m refinancing in ‘huge vote of confidence’
The chief executive of the UK’s largest gym chain PureGym has heralded a “huge vote of confidence” in its expansion plans after its holding company Pinnacle Bidco completed a refinancing deal worth £805m.
The Buildings Mission Zero Network launches action report
The Buildings Mission Zero Network yesterday launched the first of two reports supporting the decarbonisation of the built environment and called for a national retrofit strategy.
John Lewis planning £150m sale and leaseback of Waitrose stores
John Lewis Partnership (JLP) is reportedly planning to sell a dozen of its Waitrose stores in a sale-and-leaseback scheme aiming to raise an estimated £150m.
Housebuilding jumps 75% in one quarter
The number of construction starts for new homes in the UK rose to 67,600 in Q2 2023, up by 75% from the previous quarter, with the Department for Levelling Up, Housing and Communities (DLUHC) attributing the spike to housebuilders avoiding cost of compliance with new green building standards introduced in ...
Cardiff film studio secures £39m for expansion
White Point Studios in Wales has secured £39m in funding to support its plans to become one of Europe’s leading TV and film production centres.
Former soft drinks site in Manchester set to top Savills auction at £6.5m
A former Princes soft drinks site on Manchester’s North Street is set to lead Savill’s upcoming October auction, with a guide price of £6.5m.
UKPA members approve BPF merger
The UK PropTech Association (UKPA) membership has approved its merger with The British Property Federation (BPF), following consultation with its members and the 75% approval threshold being reached.
London spy tunnels to be turned into tourist attraction in ambitious £220m plans
A mile-long network of secret tunnels 40m underground is set to become a unique tourist attraction under £220m proposals for an ambitious commercial development underneath London.
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Sunak’s rollback of net zero targets is ‘short-term thinking’
Industry experts have expressed anger at the government’s plans to delay its sustainability commitments.
Commercial deals value drops 73% as office transactions decline
The total value of UK commercial property deals plunged 73% to £3.7bn over the past six months, from £13.7bn in the previous six-month period, research from Sirius Property Finance reveals.
Square Feet’s Daniel Leon on how mixed-use schemes will solve property woes
UK real estate is in a precarious position, with chronic housing shortages and rising mortgages posing a significant challenge to the future development of residential and commercial properties. Homeowner confidence has declined dramatically, with 62% of Londoners dissatisfied with the state of the housing market since 2019.
Was housing really trussed by Liz?
Blink and you’d have missed them, but a year on from Liz Truss and Kwasi Kwarteng’s widely derided clanger of a ‘mini Budget’, housebuilders and estate agents are still reporting the aftermath. Imagine if the former prime minister and chancellor had unleashed a ‘maxi Budget’?
Resi sector faces up to big challenges
This year’s RESi360 conference brought together leading thinkers to debate the key issues facing the residential sector and to discuss what steps need to be taken to get the market moving again.
‘Political football’ is helping to push housing up the agenda
Experts acknowledge political point-scoring on both sides but say the focus on housebuilding is positive.
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Expert comments
Freehold’s Next Gen Board Member Sarah Chapman on how millennials and Gen Z are driving LGBTQ+ inclusion in real estate
Canada Life Asset Management’s Joanna Turner on evolving EDI
Is the HS2 project going off the rails?
Avison Young’s Lesley Males on whether the concept of the department store is truly dead
Square Feet’s Daniel Leon on how mixed-use schemes will solve property woes
Madison Lincoln’s Alexandra Hendry on why women are more enticed by counter offers
Freehold’s Next Gen Board Member Sarah Chapman on how millennials and Gen Z are driving LGBTQ+ inclusion in real estate
Canada Life Asset Management’s Joanna Turner on evolving EDI
Is the HS2 project going off the rails?
Avison Young’s Lesley Males on whether the concept of the department store is truly dead
Square Feet’s Daniel Leon on how mixed-use schemes will solve property woes
Madison Lincoln’s Alexandra Hendry on why women are more enticed by counter offers