Landlords will lose the power to evict tenants without cause in the planned Renters Reform Bill, but they will be given powers to evict nuisance tenants in just two weeks. The plans form part of a crackdown on antisocial behaviour, which has become the new focus for levelling up secretary Michael Gove.
But ministers are running out of time to pass legislation to meet the next wave of EPC targets.
AXA IM Alts’ Retirement Villages Group wants to spend £2bn developing 40 retirement communities in town centres across the UK. It says the schemes will be catalysts for regeneration.
LondonMetric has sold five warehouses in two transactions for £34.8m. The REIT has now sold £250m of assets over the past 12 months.
Impact Healthcare’s profit has halved to £17m, as portfolio growth is offset by falling values. Chair Rupert Barclay said “healthcare is not immune” to the “continued high levels of volatility in financial markets”, but operationally the REIT was in good health.
Proptech companies Insight Technology and Least are to merge, with plans to expand in the UK and US.
The bosses of Home REIT’s biggest tenant, Lotus Housing, paid themselves £1.2m just before the firm collapsed.
CVC Capital Partners and Elliott Management have put in bids for bits of Cineworld‘s global business, but so far no one seems interested in the UK core.
Wilton Developments has bought a 33-acre site in Stockton-on-Tees, with scope for a £70m warehouse scheme.
How do we create places that people genuinely want to live in? asks dRMM and Quality of Life Foundation founder Sadie Morgan. We must move away from the corrosive aspects of urban living. Prioritising “planet” in urban places also means prioritising “people”.
The latest Voice of the Region podcast comes from South Wales, the newly announced Celtic Freeport and the green, green technologies of home.
Meanwhile, Scottish business leaders have called on Humza Yousaf, the new first minister and leader of the SNP, to focus on economic growth.
And finally, a band of ramblers have gone into battle against plans to develop a £90m holiday park on the historic 1066 Country Walk near Hastings.
