Estates Gazette 1508 – 28 February 2015

Estates Gazette 1508 – 28 February 2015 The week 5 Editor’s comment 6 Briefing: Jewels in the agency crown News 35 Axa secures City island site 35 Argent gets nod in Cricklewood 36 Resi reversal plays out in West End 36 A smooth landing for Maidenhead 36 John Lewis shed on the block for £78m 36 Deals 37 Blackstone clocks LandSec’s £245m Time Square 37 Shell Centre scheme survives legal challenge 37 Refurb for EC4 office block 37 90 North buys Hammerson’s Drakehouse 38 Councils cash in on London resi 38 AXA hopes money grows on trees 38 Brookfield and LandSec fill City Schemes 38 Top stories from EGi 39 Property puts bonds to shame with stellar return 39 SEGRO drives off with BMW’s Bracknell site 39 Pocket unwraps affordable homes 39 Bower takes the reins at Montagu Evans 40 RBS to offload prime Leeds site 40 Mailbox sends for Michelin-star chef 40 LSE and Uniqlo take last space at 1 Kingsway 40 Global round-up 43 Analysis: Empty rates danger Finance 47 Forst wins backing for C&W sale 47 Burns: No slowdown for Derwent 47 In brief 48 Pastures Green for Vernon and Gunne’s Irish REIT 48 New funding’s a snip as BL clips Britannia 48 DevSec boss Marx to step down 48 Carlyle nabs Blackstone’s Stoll for Euro role 49 Richard Werner: REITs – soon to be the new normal Auctions 51 LSH feels the Crossrail effect 51 Allsop Ireland celebrates 90% success rate 51 In brief 52 Chris Coleman-Smith: Auctions reap PRS dividends Comment 54 Waheed Nazir: Let’s let planners realise a better UK 55 Jack Sidders: Hong Kong’s problems are lesson for London 56 Peter Bill: Berlin is booming and half the price of London 57 Barney Stringer: Time to review green belt 57 Paul Astbury: A roadmap for reform In depth 60 City changes tack 64 Nan Fung: Hong Kong’s quiet developer 68 Swire gets a move on 72 48-hour flash sale Focus: West Midlands 78 Around the market 80 Retail and leisure: Mailbox unwrapped 84 Residential: Strictly lukewarm on Birmingham PRS 86 Public sector: What’s on board? 90 Offices: The waiting game 94 Industrial and distribution: Taking stock 97 Lisa Pilkington: Development  – second to none? Practice & law 98 Corporate real estate: In good company 101 Employment law: An evolving landscape 102 Mainly for students: Neighbourly support 104 Practice point: Provisions that allow landlords to choose how to apportion service charges are void (PP 2015/11) 104 Practice point: Development in green belt and the permissible extend of “very special circumstances” (PP 2015/19) 105 Opinions: The cost of opinion 106 Daniel Levy: Court fees – out of proportion 107 Legal notes: Residential – No adverse effects 108 Case summary: Hodgson v Richard Wilson Solicitors (formerly Richard Wilson & Co) 109 Case summary: Waaler v Hounslow London Borough Council EG life 112 Companies: CBRE – Back to the future 114 Events 126 Diary   Estates Gazette 1507 – 21 February 2015 Estates Gazette 1506 – 14 February 2015 Estates Gazette 1505 – 7 February 2015 Estates Gazette 1504 – 31 January 2015 Estates Gazette 1503 – 24 January 2015 Estates Gazette 1502 – 17 January 2015 Estates Gazette 1501 – 10 January 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