Digital Edition
Property Week Digital Edition – 26 May 2023
Bricks Group founder Pete Prickett on why a drive to offer students a fuller university experience sets his PBSA brand ‘true’ apart from the competition – Ahead of speaking at PW ‘s Later Living conference, Professor Les Mayhew discusses proposals in his influential report into housing for older people
All the content from the latest issue of Property Week
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%.
Property Week Digital Edition – 26 May 2023
Bricks Group founder Pete Prickett on why a drive to offer students a fuller university experience sets his PBSA brand ‘true’ apart from the competition – Ahead of speaking at PW ‘s Later Living conference, Professor Les Mayhew discusses proposals in his influential report into housing for older people
Thinking beyond the box
A few years ago, the mainstream media became transfixed by the prospect of self-driving cars, when it seemed as if either Tesla or Google spin-off Waymo might imminently bring such a thing to market.
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.
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.
Prime central London housing shines amid economic gloom
While the wider market outlook is uncertain, overseas buyers are driving a boom in high-end London housing.
Government support needed to boost BTR delivery
Editor: Four years since then prime minister Theresa May first promised “a better deal for renters” ahead of 2019’s general election, three PMs and a global pandemic later, the government introduced the long-anticipated Renters’ Reform Bill last week.
Material steps for tackling inflation
Editor: Disruption to the construction sector caused by the volatility of material price inflation shows no signs of abating, with recent analysis of Office for National Statistics data showing inflation added £23bn to the cost of the sector’s output compared with pre-pandemic levels.
Argent to combine with Related Argent as new leadership unveiled
Argent is set to transfer its employees, projects and assets to Related Argent on 1 May 2024 and operate solely under that name, with Tom Goodall, currently partner and head of residential for Related Argent, set to lead the combined business from that date.
LondonMetric positions portfolio for further income growth amid market structural shifts
LondonMetric has reported an increase of 10.3% to £146.8m for its net rental income growth for its financial results for the full year ended 31 March 2023.
Questions remain over who should foot remediation bill
Despite a political push to make developers pay, liability for cladding repair costs remains unclear in many cases.
This week in… 2018
Spanish property firm Metrovacesa, which had bought the HSBC Tower in London’s Canary Wharf for £1.09bn in 2007, struggled to refinance the loan HSBC underwrote to finance the deal.
Solving the later-living housing crisis
Ahead of speaking at next month’s Later Living conference, Professor Les Mayhew tells Property Week how proposals in his report last year could transform the retirement housing sector.
Agent P: ChatGPT
Friday 26 May, Titanic Room, 4.30pm: A day with GBH team leaders discussing how many grunts we can chop by replacing them with artificial intelligence.
Q&A: Five minutes with Jonathan Corris, partner at Devonshires
Jonathan Corris, partner at law firm Devonshires, on how he got started in the property industry, his top TV and music recommendations, his best and worst purchases and the superpower he wishes he had
As short-term lets become more commonplace, the law must adapt
In an increasingly tight rental market – partly driven by the government’s reduction of tax deductions for landlords and even more by the threatened abolition of what are pejoratively referred to as ‘no-fault evictions’ but are simply the right to possession at the end of a tenancy – short-term lettings ...
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.
Dream come true for student sector: interview with Bricks Group founder Pete Prickett
When Bricks Group founder Pete Prickett turned his focus from hotels to student accommodation, he knew his student brand ‘true’ could offer an often poorly served market something different.
Colliers wins the cup
Arcadis was pipped to the post by Colliers in the Property Week Cup final, with the real estate firm picking up its first trophy since 2018.
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.
