Failed real estate investments leave Woking facing £1.9bn debt as government steps in
The government has stepped in to oversee Woking Borough Council (WBC) with the authority facing £1.9bn debt following a series of failed real estate investments.
Chancellor unveils £650m ‘war chest’ for life sciences sector
Chancellor Jeremy Hunt announced a £650m “war chest” alongside a promise to fire up the UK’s life sciences sector by shaking up planning rules and encouraging investment.
UK Biobank to develop new HQ at Manchester Science Park
UK Biobank is set to move to Bruntwood SciTech’s Manchester Science Park after receiving £127.6m research funding for the development of a new headquarters at the site.
Picton Property outperforms MSCI UK Quarterly Property Index despite annual loss
Picton Property Income has reported an outperforming property portfolio relative to MSCI UK Quarterly Property Index for the year ended 31 March 2023, despite making a pre-tax loss of £89.5m, compared to a £147m profit for the year prior.
UK Commercial Property REIT sells Wembley logistics asset for £74m
UK Commercial Property REIT (UKCM) has sold its 186,455 sq ft Wembley180 logistics asset in north London to registered charitable company Covent Garden IP for £74m, reflecting a net initial yield of 3.49%.
Carmen Ching becomes Salboy Group’s first head of sales
Nationwide property development and funding company Salboy Group has appointed Carmen Ching as its first head of sales, leading the group’s international sales strategy.
Quintain and FORE Partnership sign up to new Healthy Homes Checklist
Ekkist, wellbeing consultancy for the built environment, has launched a new Healthy Homes Checklist, with developers Quintain and FORE Partnership among the first to sign up.
Bank ABC targets co-living with Canary Wharf and Croydon deals in the pipeline
Bank ABC has revealed plans to enter the co-living market with two major deals in the pipeline, in the Canary Wharf area and Croydon.
Administrators called in to Canary Wharf’s 5 Churchill Place
A 313,000 sq ft office block in Canary Wharf has crashed into insolvency after the owners called in administrators in further dire news for London offices.
Gove orders probe into ‘industrial-scale corruption’ at Teesside regeneration
Michael Gove has agreed to an independent investigation into the government’s flagship regeneration project in Teesside after claims of “industrial-scale corruption”.
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Expert comments
Soho Estates' Steve Norris on the housing political battleground
Harworth Group’s Lynda Shillaw on counting the cost of local plan delays
Countryside Partnerships’ Verity MacMahon on why planning needs to keep up pace
Prestbury Investments’ Nick Leslau on the real estate battlefield
Alastair Stewart on the futureproofing of new housing developments
Soho Estates' Steve Norris on the housing political battleground
Harworth Group’s Lynda Shillaw on counting the cost of local plan delays
Countryside Partnerships’ Verity MacMahon on why planning needs to keep up pace
Prestbury Investments’ Nick Leslau on the real estate battlefield
Alastair Stewart on the futureproofing of new housing developments