More job losses in the construction industry are likely before the downturn ends. The Home Builders Federation estimates that up to half the 300,000 employed in the sector in 2008 will lose their jobs.
Legal General has pre-let a 120,000 sq ft office building in Cardiff in order to relocate from its two group offices in the city.
The UK’s planning system has long been criticised for being archaic and a hindrance to the delivery of new homes.
Auction House London raised £20.5m from the sale of 74 lots from a 93-lot catalogue, achieving an 80% success rate.
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