Good morning,
To celebrate International Women’s Day, EG asked 14 women who have carved out fascinating careers in the sector what they would tell a young woman considering her future career today. The result is a set of letters that are candid, thought-provoking, inspiring and insightful.
And in a special podcast, EG’s editor sits down with four of the 14 to talk about how we can all hold the door wide open for real estate’s next female leaders.
The theme of this year’s IWD is #EmbraceEquity. But, Madison Berkeley co-founders Clare Coe and Nina Zeilerbauer ask, has the real estate sector done this? Not quite, and not yet, but let’s applaud the intention, shall we?
In other news, Legal & General has increased profit by 7% to £2.66bn, despite a 19% fall for LGIM. LG Capital saw a 10% rise to £509m.
CLS Holdings, meanwhile, has sunk to an £82m pretax loss as values across its £2.35bn UK, France and Germany portfolio shrink.
John Lewis has been accused of “bullying” behaviour over plans for its first build-to-rent project in Ealing, west London.
Only a handful of “investment zones” will be approved in next week’s Budget, as Liz Truss’s flagship policy is retooled to support Rishi Sunak’s tech agenda.
Meanwhile, Britain’s biggest employers and trade organisations are calling for the chancellor to match the ambition of US president Joe Biden’s $369bn US Inflation Reduction Act to incentivise green investment.
If they are lucky, Jeremy Hunt might set out a new capital allowances regime.
Lake District councillors have voted to double council tax bills for second-home owners. The move follows similar votes in Yorkshire, Norfolk, Cornwall and Wales, but will require new powers from the Levelling Up Bill to be confirmed.
A sanctioned oligarch has been allowed by the Treasury to sell his Surrey mansion for £16m.
And Halifax says house price growth is holding steady, just after Nationwide said prices were falling.
The Times (£) has an obituary for Walkie Talkie architect Rafael Viñoly. The Uruguayan once claimed that visionaries should be allowed to build what they liked: “If Louis XIV hadn’t been the king, then Paris wouldn’t have happened – right?”
While The FT (£) has an interview with 2023 Pritzker Prize-winning architect David Chipperfield.
