New PDR could ‘meet housing crisis head-on’
Property owners could make £14bn in profits from converting commercial property into housing through permitted development rights (PDR), reveals analysis of Land Registry data by Nimbus Maps shared exclusively with Property Week.
GLP seals Magna Park MPS1 Amazon letting
Online retailer takes 746,000 sq ft shed and is under offer on park’s MP411 building.
Southern Grove plans £55m Hackney PBSA scheme
Developer Southern Grove Group has revealed plans for a £55m mixed-use student accommodation scheme in Hackney Wick that it says will turn the area into “one of the most vibrant off-campus communities in London”.
Schroders’ European hotels fund beats €500m target
Fund accepts €525m of investor commitments after surpassing initial hard cap target of €300m set in 2018.
Vagina Museum to exit Camden Market leases
The world’s only Vagina Museum is poised to exit its two leases in Camden Market, London, once they expire next month after talks broke down over a new deal.
Leap in UK investment deals defies European slump in H1 2021
The UK led the pack in European real estate investment deal-making during the first half of 2021, but deals across the continent were down on the same period last year, reveals data from Real Capital Analytics (RCA).
Plantworks scheme on market
Savills and Robert Irving Burns have been appointed to market Plantworks, London’s “first urban farm” office development.
Auction House London raises £27m from 101 lots at July sale
Lots sold included commercial and residential properties in London and a vacant plot of land in St Albans.
Old Park Lane Management gets green light for 7 Millbank office development
Old Park Lane Management (OPLM) has received planning consent from Westminster City Council for Baola Properties to create an office development in Westminster.
Greggs on a roll to open 100 more stores
Baked goods retailer Greggs has said it anticipates 100 new store openings this year, with a future opportunity to expand its UK estate to 3,000 shops.
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Schroders’ European hotels fund beats €500m target
Fund accepts €525m of investor commitments after surpassing initial hard cap target of €300m set in 2018.
Taylor Wimpey reveals record build figures for first half
Housebuilding giant Taylor Wimpey built a record number of homes in the past six months, boosting revenue almost three times the previous year
Custodian in talks on all-share bid for Drum
Custodian REIT is in talks on a £21.6m all-share bid for commercial property rival Drum Income REIT.
Construction confidence is tempered by cost concerns
While the number of tender opportunities is growing, so are concerns about labour and material shortages.
Q&A: Goodstone-Eutopia duo on the growing BTR market
Martin Bellinger and Scott Hammond discuss Goodstone’s debut scheme and their expectations for the sector.
London’s super-prime resi is in the prime of its life
Savills data shows sales of £5m-plus properties at highest level in seven years.
We’re on track to double in size again, says Grainger’s Helen Gordon
The resilience of Britain’s build-to-rent sector has been most clearly demonstrated in the regions, Grainger’s chief executive tells PropCast, the UK’s leading property podcast.
Retail to resi: quality should always trump quantity
Editor: With regard to your recent story (‘Derelict high streets could provide 500,000 homes’), it is true that converting empty shops could provide urgently needed homes and help stimulate the recovery of town centres. There are also important environmental benefits to repurposing space in this way.
Experts question if EWS1 move is really a ‘step forward’
Sceptics remain cautious in wake of expert safety advice issued on EWS1 forms for sub-18m tall buildings.
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Expert comments
Tough times for British Land and Landsec
Business leaders must act fast to ease office-return fears
The time is right for ‘brandlords’
Offices will not suffer like retail
Private equity makes a supermarket sweep
Tough times for British Land and Landsec
Business leaders must act fast to ease office-return fears
The time is right for ‘brandlords’
Offices will not suffer like retail
Private equity makes a supermarket sweep