EG’s news agenda: What to look out for this week

Here’s a look ahead to what is happening in the world of commercial real estate this week. Make sure to check back with EG for the full analysis as we deliver your daily news agenda. Tuesday Marston’s, which has a portfolio of 1,339 pubs, will report its final results early in the morning. The firm disposed of 18 freehold pubs to its rival Admiral Taverns earlier this year.  The planning committee at Glasgow Council has been recommended to approve PMI Developments and Peveril Securities’ proposals to redevelop the site on the corner of Cambridge Street and Renfrew Street into 193 student homes. The duo previously secured the go-ahead to deliver a hotel on the site but were forced to consider alternative options after several factors impacted the viability of the scheme. Westminster City Council planning officers have recommended to grant planning permission to Soho Estates for the refurbishment, remodelling and extension of 70, 66, 60-62 and 58 Old Compton Street and 7-10 Bourchier Street. The existing five buildings on site will be turned into modern offices for medium and small occupiers. Wednesday Tritax EuroBox will update its shareholders on its full trading year performance after SEGRO’s proposed £552m takeover bid lapsed last month. In its most recent update, the firm signalled dipping rental income and declining portfolio value.  Planning officers have recommended that Edinburgh City Council give the go-ahead for a residential-led mixed-use development to be delivered north east of Ingliston Park & Ride on Eastfield Road. West Town Edinburgh, the development consortium headed by Drum Property Group, is seeking planning permission in principle for 7,000 homes, plus 300 student homes, a 300-bedroom hotel, primary and secondary schools, 161,459 sq ft of office space, 216,355 sq ft of retail and restaurant space, 53,820 sq ft of leisure space, and 19,913 sq ft of industrial space. Thursday The latest UK house price data from Halifax will be revealed. In October, the average house price rose by 3.9% year-on-year to a record £293,999, surpassing the previous peak of £293,507 set in June 2022. Month-on-month growth was 0.2%. Friday Schroder European Real Estate Investment Trust is set to report its final results, which are expected to show a marginal decline in its portfolio value. Most recently, the firm said its net asset value ticked down slightly amid capital expenditure and deferred taxes, resulting in negative NAV total return so far this year. Planning officers have recommended that the City of London approves Sellar and Obayashi Properties’ proposed redevelopment of 60 Gracechurch Street. The plans, lodged in July this year, would deliver 561,112 sq ft of new office space. Read about the “boutique” style PBSA developer making its living on clusters, and office-to-resi conversions in this week’s EG Interview. EG’s must-reads will be live at 3.25pm, wrapping up the news from the week, ensuring that you stay ahead in the world of commercial real estate. If you’d like to get your big news of the week featured in EG’s news agenda, drop us an e-mail at newsdesk@eg.co.uk Photo by Absolutvision/Unsplash