News

MORNING NEWS: All over for ilke

News

Piers Wehner

03 July 2023

Good morning.

Here is your AM bulletin with the latest news and views from EG, along with a few of the best bits from the national newspapers.

Ilke Homes has been placed into administration after failing to find a buyer. The modular housebuilder said it had “faced the challenges of unprecedented inflation and a lack of land supply linked to planning processes”. Its factory in Flaxby, North Yorkshire, will go dark and its 1,150 staff are looking for other employment.

But does that mean modular has had its day? Absolutely not, says Weston Group, as it launches its own £45m MMC factory in Braintree.

Meanwhile, almost everybody has an opinion on what HSBC’s departure means for Canary Wharf. Is it doomed? Or can it reinvent itself as a new quarter dependent less on financial services and more on shops, housing(£) and… fun(£)?

Peabody chair Lord Kerslake, the chief executive of Sheffield city council who rose to become permanent secretary at the Department for Communities and Local Government and then head of the civil service, has died aged 68.

In Edinburgh, the famous Caledonian Hotel on Princes Street has been bought for £85m by Henderson Park.

This weekend’s episode of EG Like Sunday Morning has another special guest. Hanna Afolabi, managing director and founder of Mood and Space and founder of Black Women in Real Estate, drops in to talk about BWRE’s current campaign. We also catch up with the latest crisis at the RICS.

And remember, you can air your views on the future of the RICS in this survey.

The life science sector requires collaboration between institutions and the public and private sectors if it is to succeed, writes Lateral director Rob Beacroft. So can it learn from the mistakes made in housing?

The Church of England says it plans to sell off fewer empty churches, in the hopes that congregations will return at some point in the future.

The Times (£) talks to Nick Leslau about why he fancies taking a punt on secondary offices – once prices truly hit rock bottom.

And finally, Knight Frank is marketing “the Stonehenge of the North“. The £200,000 price tag for one-third of Thornborough Henge in Richmond, North Yorkshire, was deemed too pricey for English Heritage, which was given the other two-thirds earlier this year. But the agent is confident it can find a buyer, despite the inability to develop it, if only for the bragging rights. As rural partner Claire Whitfield says: “It’s the same thing as… a Ferrari 250 GTO or a piece of art… you buy it because no one else can.”

Good morning. Here is your AM bulletin with the latest news and views from EG, along with a few of the best bits from the national newspapers. Ilke Homes has been placed into administration after failing to find a buyer. The modular housebuilder said it had “faced the challenges of unprecedented inflation and a lack of land supply linked to planning processes”. Its factory in Flaxby, North Yorkshire, will go dark and its 1,150 staff are looking for other employment. But does that mean modular has had its day? Absolutely not, says Weston Group, as it launches its own £45m MMC factory in Braintree. Meanwhile, almost everybody has an opinion on what HSBC’s departure means for Canary Wharf. Is it doomed? Or can it reinvent itself as a new quarter dependent less on financial services and more on shops, housing(£) and… fun(£)? Peabody chair Lord Kerslake, the chief executive of Sheffield city council who rose to become permanent secretary at the Department for Communities and Local Government and then head of the civil service, has died aged 68. In Edinburgh, the famous Caledonian Hotel on Princes Street has been bought for £85m by Henderson Park. This weekend’s episode of EG Like Sunday Morning has another special guest. Hanna Afolabi, managing director and founder of Mood and Space and founder of Black Women in Real Estate, drops in to talk about BWRE’s current campaign. We also catch up with the latest crisis at the RICS. And remember, you can air your views on the future of the RICS in this survey. The life science sector requires collaboration between institutions and the public and private sectors if it is to succeed, writes Lateral director Rob Beacroft. So can it learn from the mistakes made in housing? The Church of England says it plans to sell off fewer empty churches, in the hopes that congregations will return at some point in the future. The Times (£) talks to Nick Leslau about why he fancies taking a punt on secondary offices – once prices truly hit rock bottom. And finally, Knight Frank is marketing “the Stonehenge of the North”. The £200,000 price tag for one-third of Thornborough Henge in Richmond, North Yorkshire, was deemed too pricey for English Heritage, which was given the other two-thirds earlier this year. But the agent is confident it can find a buyer, despite the inability to develop it, if only for the bragging rights. As rural partner Claire Whitfield says: “It’s the same thing as… a Ferrari 250 GTO or a piece of art… you buy it because no one else can.”