Good morning. Here is your AM bulletin with all the latest news and views from EG, and a few extra bits from the national press.
The City of London has launched a consultation on its City Plan 2040 and Transport Strategy, which will frame all development in the Square Mile for the next two decades.
Let’s just assume it will be nothing like what is happening in Paris. The French capital has just banned the development of any buildings over 37m, as the controversial Le Triangle becomes this generation’s Tour Montparnasse.
But some are already seeing a different future in the Square Mile. The owner of one Cannon Street office block is applying to convert the building into flats, after securing just one viewing for the workspace in an entire year.
And back in France, AXA has paid €150m for a one of the largest film studio complexes in France. It is planning a blockbuster for its debut in the sector, saying it will double the size of the Bry-sur-Marne Studios to make it one of the largest film and series producers in Europe.
Meanwhile, CVC Capital Partners has entered the £4bn race to buy Center Parcs from Brookfield.
Warehouse REIT has swung to a £182m loss due to falls in capital values.
Graftongate and Cilldara Group have secured planning to turn a former Holiday Inn complex in the West Midlands into a speculative industrial and logistics scheme.
Neil McShane has rejoined Lambert Smith Hampton as its managing director for Ireland.
Installing LED lighting and an efficient HVAC system can get your building up to EPC B, writes Hollis director Will Pasco. But it is the fabric of the building that holds the key to true efficiency.
And finally, a limestone crag in North Yorkshire has been put on the market at £150,000. You can’t build on it, but you can climb up it.
