Councils which introduced the new community infrastructure levy (CIL) have seen a 49% drop in planning applications for new homes.
Research by Savills showed that CIL had been a success in London, where it is being used to help pay for Crossrail.
FT 4
The duo will look to let the restored building’s top fifth floor
The brand was launched in China in 2013
Work begins in 2026 on the Lower Herne Village site and further phases could deliver 500 more homes
The asset manager hopes to offer an alternative to the UK’s homeownership “obsession”
