All Property Week articles in 24 November 2023
View all stories from this issue.
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Insight
Commercial Acceptances’ John King on why training the next generation is key to solving London rental crisis
London rents are projected to rise by nearly a quarter in the next five years, according to research by Knight Frank - with younger generations arguably feeling the brunt of this overheated market. While demand continues to far outstrip supply in the capital and buy-to-let investors exit the market, prospective ...
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Online
EDI Q&A: Christopher Laing, founder of the Deaf Architecture Front
Christopher Laing is an architectural designer, activist, consultant and founder of Signstrokes, whose personal experiences as a deaf person forging a career in architecture inspired him to launch the Deaf Architecture Front, to make a difference for those following in his footsteps.
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Insight
Residentially’s Jonathan Pearson on bridging the gap between for-profit and not-for-profit affordable housing providers
The government turmoil around housing is perhaps epitomised by September’s defeat in the House of Lords of measures to abolish river pollution nutrient neutrality rules, which had the potential to alleviate some of the burdens on housebuilders.
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Insight
John Charcol’s Nick Mendes on the impact of inflationary pressure on the commercial market
Inflation is a crucial economic indicator that affects various aspects of a country’s economy, including the commercial real estate market. In the UK, as in many other countries, inflation plays a significant role in shaping the dynamics of the commercial property sector.
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News
CEG gets green light for £780m mixed-use Essex garden village
Brentwood Borough Council has resolved to grant planning permission for Commercial Estate Management’s (CEG’s) £780m Dunton Hills Garden Village in Essex.
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News
Pair of island forts up for grabs in Allsop’s largest December auction
Two vacant Victorian island fortresses with potential for conversion into casinos are among 390 properties listed for sale for Allsop’s largest ever December residential auction, taking place online on 14 and 19 December.
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News
Blaze pauses work on Lincoln and MGT’s Reading Station Hill tower
Work has remained paused on the One Station Hill office development in Reading, Berkshire, after a fire damaged the scheme last week.
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News
Savills to auction Mary Shelley’s former home in December sale
Savills’ December auction includes a property in Marlow, Buckinghamshire, which was the home of literary giants Mary Shelley, author of Frankenstein, and poet Percy Shelley, with a guide price of £565,000.
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News
Michael Gove intervenes on Sadiq Khan’s rejection of the MSG Sphere in Stratford
Housing secretary Michael Gove has ordered a six week pause to determine whether he should have the final say on proposals for the MSG Sphere in Stratford, east London, after mayor of London Sadiq Khan rejected controversial plans for the Las Vegas-style entertainment venue.
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Online
NTA falls at LXi REIT as group continues with disposal strategy to reduce debt
The value of net tangible assets (NTA) at LXi REIT fell 5.8% during the group’s half-year to the end of September.
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Online
LendInvest completes £410m securitisation of UK BTL loans
Lending group LendInvest has completed the group’s fifth and largest securitisation of £410m of its buy-to-let (BTL) mortgage loans in an oversubscribed residential mortgage backed security (RMBS).
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Online
Hines’ European Value Fund 3 raises beats fundraising target
Hines has beaten the €1.5bn (£1.2bn) fundraising goal for its European Value Fund 3 (HEVF 3), having secured €620m (£535m) this year for investment across Europe, taking the total raised since its launch in mid-2022 to over €1.6bn (£1.3bn).
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News
Milton’s administrators to put 25 North East and Yorkshire pubs up for sale
Administrators to property firm Milton Portfolio Op Co 3 plan to put a portfolio of 25 pubs across North East and Yorkshire up for sale early next year.
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Insight
Igloo’s Insiyah Khushnood on the power of town centre regeneration in the regions
In recent years, the landscape of town centre regeneration in the UK, particularly in the North East, has faced various challenges and opportunities.
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News
TT Group submits plans for 140-home west London hospital redevelopment
Property investor and developer TT Group has submitted plans to redevelop the vacant Ravenscourt Park Hospital in Hammersmith, west London into a mixed-use scheme with 140 homes.
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News
Ascend Properties appoints Dandara Living’s Borrmann as MD
Ascend Properties has appointed former Dandara Living managing director Paul Borrmann as its MD.
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News
Raft of lots guided above £1m lead BidX1’s final 2023 catalogue
A freehold residential block in east London, an industrial unit in Watford, and a supermarket in Ivybridge, Devon are the lots with the highest guide prices in online auction specialist BidX1’s final catalogue for 2023, with the sale taking place on 14 December.
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News
Teacher to launch consultancy business after Blackstock’s sale to Montfort
Blackstock Consulting founder Andrew Teacher is to launch a new strategic consultancy business next year when the earn-out period following Blackstock’s acquisition last year by Montfort Group ends.
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News
Ferrovial sells stake in Heathrow airport owner for over £2bn
Airport developer and operator Ferrovial has sold its 25% stake in Heathrow airport parent company FGP TopCo for £2.37bn.
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News
DLUHC allocates £150m to create over 1,200 homes for rough sleepers
The Department for Levelling Up, Housing and Communities (DLUHC) has announced it will allocate £150m to support the development of 1,230 homes for rough sleepers.