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LSL hit by 20% slump in profit as it navigates ‘significant macroeconomic headwinds’
Estate agency group LSL has suffered a 20% slump in profit in the first half of its financial year as rising interest rates stymied the market.
OPHT lists key recommendations for government to support later living sector
Local authority housing strategies for the elderly and addressing older people’s housing in the National Planning Policy Framework (NPPF) will be among the key proposals of the Older People’s Housing Taskforce (OPHT), the body’s chair Julienne Meyer revealed at a conference today.
L&G’s Godfrey becomes WMCA interim director of housing
Legal & General (L&G’s) director of levelling up John Godfrey has been appointed as interim director of housing, placemaking and regeneration at the West Midlands Combined Authority (WMCA), Property Week can reveal.
Comer Homes to appeal order to tear down Woolwich tower blocks
Comer Homes is appealing an order to tear down two Woolwich tower blocks in south London after Greenwich Council accused the developer of flouting the approved planning permission for the scheme.
Former Homes England boss More joins Housing Growth Partnership
The former chief investment officer and interim chief executive of Homes England has been appointed as a senior strategy advisor at Housing Growth Partnership (HGP).
Housing Executive awards contracts worth £252m to improve homes in Northern Ireland
The Housing Executive has awarded contracts worth £252m to improve existing social houses across Northern Ireland.
Real estate total global value reaches $380trn
The value of all global real estate, including agricultural land, reached $379.7trn (£819,000m) in 2022, new research from Savills has found.
Government won’t meet targets to end rough sleeping by 2024, says Kerslake Commission
The government will fail to meet its target to end rough sleeping by 2024, largely due to the shortage of affordable housing, a report published today (25 September) by the Kerslake Commission on Homelessness and Rough Sleeping said.
Avant Homes bolsters housing team for Scottish expansion
Housebuilder Avant Homes is gearing up for expansion in Scotland with plans for two new offices north of the border.
UK landlords spent an average £25,000 to meet 2025 EPC deadlines
UK landlords have spent over £25,000 on average to improve their properties to meet the previously proposed Energy Performance Certificate 2025 deadline, which was scrapped last week by prime minister Rishi Sunak, according to financial services company Shawbrook.
Redrow submits plans for 1,400 new homes in Rochdale
Housebuilder Redrow has submitted a planning application for a 1,380-home mixed-use neighbourhood in Rochdale, Greater Manchester.
Casa by Moda secures £150m bump from NatWest
Casa by Moda, the single-family housing developer owned by Moda Living, has secured an initial £60m debt facility from NatWest, with the ability to rise to £150m, to support its growth plans.
Your TRIBE announces PBSA partnership with Project Student and WAU Agency
Purpose-built student accommodation (PBSA) brand Your TRIBE has announced a strategic partnership with Project Student and WAU Agency to spearhead its launch and ongoing management.
Oxford’s St Hilda’s College buys £12m city centre property
St Hilda’s College, part of Oxford University, has added to its property portfolio with the acquisition of 14-16 Norham Gardens for £12m, which will be used as student accommodation.
Peabody posts improved £257m surplus following Catalyst merger
Housing association Peabody has reported an operating surplus of £257m in its annual report for the year to the end of March, up from £213m the year prior, following a 66% increase in turnover to £1.1bn.
Home REIT reclaims 146 properties from Redemption Project
Home REIT has reclaimed leases on 146 properties from tenant Redemption Project, removing its exposure to the firm, which entered creditors voluntary liquidation in August.
NHS trust offers hospital development opportunity for £35m
West London NHS Trust has hoisted the ‘for-sale’ sign over the old Broadmoor Hospital, which has potential for redevelopment as a ‘working village’ under the area’s local plan.
TfL’s property firm rebrands to Places for London
Transport for London (TfL)-owned TTL Properties has been rebranded Places for London as part of its plans to develop up to 20,000 homes across the capital alongside Network Rail over the next 10 years.
Sunak scraps MEES requirement for residential landlords
Prime minister Rishi Sunak has announced that government has scrapped requirements for residential landlords to meet minimum energy efficiency standards (MEES).
Cain completes £500m PBSA forward funding deal
Five purpose-built student accommodation (PBSA) schemes providing 2,389 student beds will be developed across five UK cities after Cain International completed a £500m forward-funding deal.
