Good morning. Here is your AM bulletin with the latest news and views from EG, along with a few headlines from the national press.
CBRE has a number of “big merger and acquisition deals” in the pipeline, worth around $1bn. Chief executive Robert Sulentic said: “We’ve got several things we’re working on… They’re not going to all make it. We’re confident, though, that some things will.”
Greggs says it will target roadsides, railways stations and retail parks to build its steak-bake empire to “significantly more than 3,000 shops”.
Firethorn Trust has been given the green light for part of the UK’s first eco-town in North West Bicester, Oxfordshire.
The FT (£) looks at whether the prime minister’s “pragmatic and proportionate” approach to net zero – from delaying EPC targets to expanding North Sea oil and gas drilling – will work politically, as Tory MPs warn that “watering down any commitment” could be disastrous.
Rula Developments has submitted plans for a 225,000 sq ft warehouse and office unit at Winsford Gateway in Cheshire.
The Bank of England has more mixed data to mull over, before it decides what to do with interest rates on Thursday. Mortgage approvals rose to a surprise eight-month high in June, despite rising borrowing costs.
But business confidence has fallen over the prospect of a hike to 5.25% or even 5.5%.
Meanwhile, prices in UK shops have fallen for the first time in two years.
Greater use of location data can unlock innovation in the property sector, a report from the Geospatial Commission has said. “Applying a spatial lens is crucial to achieve the sector’s economic, social and environmental ambitions, boosting productivity and innovation, improving our residential areas and achieving net zero commitments.”
The public have won back the right to wild camp on Dartmoor, after Court of Appeal judges ruled that camping does count as “open-air recreation”.
Shares in Chinese developer Country Garden have fallen by 10% after it abruptly abandoned an attempt to raise $300m in new funds.
Elon Musk’s giant flashing X has been removed from the top of Twitter’s – sorry, X’s – San Francisco HQ.
Britain’s wonkiest pub has been sold by Marston’s brewery for around £675,000, but the new owner will be calling time.
And finally, plans have been lodged to save a lodge. National Trust for Scotland has submitted an application to rescue Queen Victoria’s Picnic Lodge on the 70,000-acre Mar Lodge Estate in Braemar. The shingle-roofed, granite cottage will now be used as a day bothy, but restoring it will be no picnic.
