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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Self-storage sector set for record year as revenue hits £1bn
Revenue in the self-storage industry is set to exceed £1bn for the first time in 2023 as the sector continues to grow following a boom at the start of the Covid-19 pandemic, according to a report by Cushman & Wakefield and the Self Storage Association UK.
Labour Party manifesto gives some hope to property sector
Draft manifesto shows party is focused on housing, planning and the green belt ahead of general election
Q&A: Strike’s Mitchell on plans to build big with Purplebricks
Chief executive Sam Mitchell discusses what its deal to buy the online estate agent means for both companies.
Soho Estates' Steve Norris on the housing political battleground
I make no apology for returning to the residential market this week because what both major political parties are saying is now significantly different.
Mayhew calls for EPC-style grading system for later-living accommodation
The academic behind an industry-backed review into older people’s housing is calling for the introduction of an Energy Performance Certificate-style grading system for later-living accommodation.
Government must get to grips with housing crisis
The housing crisis lurches from tragedy to farce and no one is making any more land, leaving millions of renters lightyears away from owning their own residence.
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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