Digital Edition
Property Week Digital Edition – 15 March 2024
Government under growing pressure to confiscate Russian-owned assets - British Land’s Roger Madelin on why its Canada Water regen scheme could surpass the redevelopment of King’s Cross - Jamie Hopkins & Andrew Clough on why their flexible office firm The Brew is well placed to grow
All the content from the latest issue of Property Week
Former Close Brothers CEO Pennal joins Mera Investment Management
Frank Pennal will support the growth plans of the private real estate finance and investment firm.
Orega to open second Leeds site as flex expansion continues
The firm’s latest site will be within the city’s landmark Broad Gate office scheme.
Crest Nicholson lowers home builds and reports defects on four sites
Despite building fewer homes, the housebuilder said sales prices were expected to remain stable in this financial year.
NewFlex opens new Cambridge workspace The Quad
NewFlex said the site is one of the UK’s strongest out-of-London business destinations.
Selfridges seeks parent company cash to repay loans as Saudi fund eyes stake
Iconic London department store faces a £27.3m loan repayment deadline.
Labour will support cross-boundary strategic planning, says Pennycook
The shadow housing minister also discussed the need for an enforceable housing target.
Prime London sales values dip in February
Supply and demand begin to balance in lettings market as rental growth stabilises, LonRes finds.
Liverpool’s Lock & Key Hotel on sale for more than £3m
The Sunday Times’ Top 100 British Hotels.
Levelling-up delays ‘absolutely astonishing’, parliamentary watchdog finds
The Public Accounts Committee found no compelling examples of what levelling up has delivered so far.
Gove intervenes on London Plan to boost housing delivery
The housing secretary has told London mayor Sadiq Khan that the plan is holding back housebuilding in the capital.
Khan pledges to deliver 40,000 council homes if re-elected
This comes after the mayor of London also unveiled a new £100m Housing Kickstarter Fund.
Price Bailey data reveals pub closures at highest point in over a decade
The number of UK pubs fell from 41,015 to 38,175 in the 10 years to the end of 2023, recently released data shows.
Hartwell unveils £35m masterplan for Wootton Science Park
The proposed scheme to the south-west of Oxford would total more than 100,000 sq ft.
Avison Young moves offices to new London West End flex space
AY’s lease on its Ganton Street office expires this month, while its Gresham House lease expires next year.
Urban Logistics in late bid to gazump Custodian and API merger
The REIT has urged abrdn Property Income Trust to “call a halt” to its proposed merger with Custodian.
Campaigners plot legal challenge to £700m ITV South Bank studios redevelopment
The scheme has just successfully emerged from an 18-month judicial review process led by Michael Gove
JR Capital and Chancerygate seal £9m deal for Liverpool sheds
The deal for the 120,000 sq ft fully let industrial estate includes 10 acres of adjacent land suitable for development.
The Gym Group targets 50 new sites over next three years
The firm announced its new strategy as it reported full-year figures for 2023.
Modular developer Lighthouse files administration notice
The company said it was continuing efforts to secure the future of the business.
Greencore secures £30m investment to support sustainable development
The funding will support the developer’s plans to build up to 10,000 low-carbon homes.
Surrey strikes £32.2m deal to buy offices from cash-strapped Woking Council
Surrey County Council will move staff into Victoria Gate building, formerly let to McLaren, later this year.
Luton Airport operating company buys hangars of collapsed airline Monarch
Hangars can accommodate wide body jets up to the size of a Boeing 767.
Property Week Digital Edition – 15 March 2024
Government under growing pressure to confiscate Russian-owned assets - British Land’s Roger Madelin on why its Canada Water regen scheme could surpass the redevelopment of King’s Cross - Jamie Hopkins & Andrew Clough on why their flexible office firm The Brew is well placed to grow
Peter Bill on Labour’s new housing gameplan
Guardian 9 March: Sir Keir Starmer’s shadow cabinet will meet top civil servants in Whitehall before Easter as Labour prepares to form the next government. That post-Easter conversation imagined: Treasury mandarin to DLUHC permanent secretary Sarah Healey: “Anything we need to worry about?”
What goes down…
Anyone feeling bleak about today’s depressed property values should take heart from this week’s cover star: Roger Madelin of British Land.
Unpicking Hunt’s axing of MDR
End of multiple dwellings relief solves abuse of the system but could also cripple legitimate investors.
An age-old problem
An additional 50,000 homes for older people are required each year to keep pace with housing needs. So what’s holding developers back?
A bright future for logistics?
Industry experts at Savills and Tritax Symmetry’s Future Space event revealed how the sector is responding to rapidly changing geopolitics and economic woes.
Make some noise for Newcastle
Big interview with British Land’s Roger Madelin
The Brew duo outline plans to triple London flex office footprint
Think small to up housing supply
What does the future hold for Russian-owned assets in the UK?
SME housebuilders need backing
New life for labs in urban spaces
Developers remain in the dark on new BSA rules
Is scrapping FHL yet another an attack on landlords?
Why Help to Buy must be resurrected
Glasgow city centre office leads Acuitus’s March catalogue
Research reveals AI uses that would cut real estate carbon impact