Residential
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Hermes plans 1,000 rental flats in Reading
Hermes has submitted an EIA application for a 1.2m sq ft residential-led scheme next to Reading station.
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Lenders caution on regional PRS
EG FINANCE & INVESTMENT SUMMIT: What are the challenges of lending to private sector schemes in the regions?
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Aprirose to fund Brum’s tallest resi tower
Aprirose is to fund the construction of the £55m second phase of the Bank development in Birmingham, being delivered by Regal Property Group
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Orf in equity warning to prime London resi developers
EG FINANCE & INVESTMENT SUMMIT: Apollo’s Roger Orf has warned that developers could lose equity in the prime central London residential market
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Lendlease nabs Haringey brief
Haringey Council is to appoint Lendlease to redevelop the High Road West Estate
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Microflats: making cities affordable, or unliveable?
U+I has launched a microflat product that it hopes to develop in its thousands to help the “squeezed middle” living in the centre of London
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PDR conversions hit UK office supply
Office space has declined by 3.8m sq ft over the past two years as office to residential conversions continue under permitted development rights
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Planning submitted for 315 homes in Pennywell, Edinburgh
Urban Union has submitted planning for 315 homes at its Pennywell development to Edinburgh Council
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DeTrafford Estates Group submits planning for 449-flat Manchester scheme
DeTrafford Estates Group has submitted planning to Manchester City Council for a 449 flat scheme between Owen Street and Great Jackson Street.
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Pidgely and Morgan sell £100m of shares
Berkeley’s chief executive Tony Pidgely and Redrow chief executive Steve Morgan have sold a combined £103.2m of stock in their respective companies since last Friday
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City house prices plummet
House prices in the City of London fell by 18.4% in the year to July in the biggest fall of any UK local authority.
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Valuation boost for Empiric Student Property
Empiric Student Property has reported a year-on-year valuation uplift of 13.4% in its property portfolio to £817.9m in its results for the six months to 30 June