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 Services office provider IWG will update its shareholders on its trading activity after Buckley Capital Management, a top 15 shareholder, wrote to the company’s board of directors urging that the business switch its listing from London to New York or consider a take private of the firm. The move came amid weak performance of IWG’s share price. Retailer ASOS will report its financial results for the year after closing on the sale of the majority stake in its Topshop and Topman brands last month in a move to reduce its debt. It is expected to repost another year in loss as the company still struggles to recover post-Covid. Gerald Eve owner Newmark Group will reveal the details of its Q3 2024 financial results. In Q2, the real estate adviser managed to beat analysts’ consensus earnings expectations, delivering 8.1% revenue growth year-on-year. Colliers will also shed light on its performance over the three months to the end of September this year. The firm’s leasing revenue exceeded its own expectations in Q2 2024, climbing up 13% on the prior year.  The City of London Corporation will decide whether it should embark on the regeneration of Puddle Dock. The opportunity has been described as “generational” for the area by Peter Wilson, assistant director for development management in the City’s environment department. Wednesday JLL will publish its third-quarter 2024 results, having outperformed analysts’ consensus forecasts in the last quarter. The property adviser grew revenues in both three and six months to the end of June by 11.4% and 10%, respectively, on an annual basis.  Hackney Council’s planning committee members have been given a recommendation to approve the redevelopment of 1 Vince Street, EC1, and 229-233a Old Street, EC1. H Company, the developer behind the mixed-use scheme, is planning a part-five, part-14 storey building with a 600 sq ft bar on the ground floor and 39,500 sq ft of offices across the remaining 13 floors. Thursday Urban Logistics REIT will post its interim report, which is expected to show a strong total return for shareholders. The move comes as the company restructures its portfolio, actively disposing of stock where it has completed asset management initiatives and reinvesting the capital into potential redevelopment opportunities. The Bank of England will decide the direction of interest rates, which are likely to be cut by another 25 basis points to 4.75%. The rates were held in September, having been cut to 5% from 5.25% in August this year. MEPC will hold a pre-application meeting with Leeds City Council as it readies to submit a full planning application for another 11-storey office block at Wellington Place. This scheme, to be known as 14 Wellington Place, will comprise a 199,538 sq ft building, featuring workspace from the first to the top floor, with commercial space on the ground floor and a combined reception and business lounge across the ground and mezzanine levels.  Friday Vistry Group will update its shareholders on its performance so far this year. The housebuilder recently cut its annual profit expectations after an error in its build cost calculations.  This week’s EG Interview is with the biggest owner of brownfield land and greatest enabler of regeneration that we’ve probably all been guilty of under-estimating. Who could it be? You know exactly how to find out. EG’s must reads will be live at 3:25pm, wrapping up the news from the week, making sure you stay ahead in the world of commercial real estate. Image © Absolutvision/Unsplash