All Property Week articles in 24 March 2023
View all stories from this issue.
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Insight
MTVH’s Geeta Nanda on why the government must listen to the housing sector on planning reform
The lack of any mention of housing in the recent Budget was as clear an indicator as any that it is up to the housebuilding sector to come up with its own solutions to work towards fixing the housing crisis.
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Insight
Untold Living’s Russell Jewell on why mid-market matters for UK later living sector
If forecasts are to be believed, the slow and steady march of Britain’s later-living sector is to give way to a stampede in the delivery of new, cutting-edge retirement communities.
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Insight
Wyld Motion’s Youri Michel on how to make the most of unused land
The holding period between planning approval and shovels going into the ground can take up to five years for most large-scale development, which is one of the reasons why our cities are plagued with a large number of empty spaces, devoid of purpose. .
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News
Scotland’s new PDRs to boost town centres, says Colliers
Changes to permitted development rights (PDRs) in Scotland coming into effect on Friday could revitalise Scottish town centres, according to Colliers.
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News
Wates Group reports record forward order book of £8.35bn
Construction and property services company Wates Group has reported a record forward order book of £8.35bn, up 17% from 2021, according to its 2022 financial results.
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News
Revised plans for Euston HS2 station have ‘not succeeded’ as cost hits £4.8bn
The price tag for a HS2 station at Euston in London has rocketed to £4.8bn since 2020, with revised plans for a delayed London terminus still failing to deliver a viable solution, according to the public spending watchdog.
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News
Electric car firm Polestar seeking up to 15 UK sites by next year
Electric car maker Polestar plans to open between 12 and 15 UK showrooms by the end of next year.
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News
Livin Cardiff PBSA asset on the block for £13m
Cardiff Road Estates (CRE) has appointed Knight Frank and Lewis & Partners to market purpose-built student accommodation (PBSA) scheme Livin Cardiff for £13m, which would reflect a net initial yield of 5.98%.
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News
Property Awards 2023 finalists revealed
Industrial specialists Firethorn Trust and SEGRO have both been shortlisted in four categories at the Property Awards 2023.
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News
Sci-Tech Daresbury seeks permission for £20m second spec shed phase
Sci-Tech Daresbury has submitted plans for a £20m development featuring two sheds totalling 83,000 sq ft in Daresbury near Warrington
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Videos
British Land CEO heralds asset management “engine” driving value through conviction bets on campuses
On the latest episode of PropCast, clustering, co-locations and a laser-like focus on customers are some of the things that British Land’s boss believes will drive value as it broadens its campus strategy to include life sciences, logistics and housing.
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Online
Warehouse REIT sells £54.7m of assets in disposal drive
Warehouse REIT has continued it disposal strategy by selling a further tranche of assets for £54.7m.
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Online
Supermarket Income REIT hits acquisition trail after £430m Sainsbury’s sale
Supermarket Income REIT is targeting up to £250m of acquisitions following the £430.9m sale of its Sainsbury’s portfolio back to the supermarket giant, Property Week can reveal.
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News
JV funds £302m Moda scheme in ‘largest regional BTR deal’
Harrison Street is funding what it claims is the UK’s largest regional build-to-rent (BTR) scheme, Moda Living’s 722-home Great Charles Street project in Birmingham, which will have a gross development value of £302m.
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News
Mansfield appointed to board of Martin’s Properties
Keith Mansfield has been appointed to the board of property investment firm Martin’s Properties, taking up a senior independent non-executive director role, Property Week can reveal.
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News
Return of energy bill ‘cliff edge’ could force 370,000 firms to downsize or close
Around 370,000 small firms may have to downsize or close when hit with radically higher energy bills following the end of the Energy Relief Scheme on 1 April, the Federation of Small Businesses (FSB) has warned.
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News
CBRE appoints Auger as head of hotels in UK
Global real estate adviser CBRE has appointed Miles Auger as head of hotels to drive performance and execute its UK strategy across its business lines including valuations, advisory, and capital markets.
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News
Rangeford Villages acquires Surrey retirement community site
Rangeford Villages has exchanged contracts on a five-acre site in Dorking, Surrey, where it plans to develop 153 apartments for a retirement living community.
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Online
Vanguard takes space in Manchester’s Landmark office scheme
Investment group Vanguard has taken space in Barings Real Estate’s Landmark office scheme in Manchester.
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News
Office market set to see drop in sales values for Q2
The office market is forecast to see the greatest fall in sales values over the next quarter compared to industrial, retail and leisure, with prices per square foot predicted to fall by 2.7%, according to Robert Irving Burns (RIB).