Estates Gazette 1602 – 16 January 2016

Estates Gazette 1602 – 16 January 2016 The week 5 Editor’s comment 6 Briefing: Corporate shift News 27 Cushman’s pay consensus 27 RBS gives PRS £1bn backing 28 Metro jv preps Southside for sale 28 Gamesys plays winning hand in W1 28 Beauty parade for 200,000 sq ft L’Oréal mandate 28 Deals 29 Strong leadership for NHS Property Services 29 Bilfinger builds case for property arm sale 29 Banda ready to pay for Ransomes 29 DTZ Cowcross buy anticipates Crossrail uplift 30 Highgate mulls Shoreditch hotel jv 30 Grosvenor gets nod for Scots PRS 30 Knight Frank’s top earner pockets over £2m 30 Top stories from EGi 31 Chinese HNA heads east again 31 IKKS sets sights on UK expansion 31 Hipster hangout attracts record price 31 High street REITs ‘can revive town centres’ 32 Commercial property’s real GDP contribution revealed 32 Danone signs Chiswick Park 32 Global round-up 35 Independent – and built to stay that way Finance 37 Nomura fires €550m Arrow 37 Pair shop for Dundrum funding 37 Paloma takes wing with £100m first close 37 In brief 38 Safestore: The future’s locked up 39 Peter Cosmetatos: Is debt driving the market? Residential 41 Estate regen plans under fire 41 House price growth slows to 4.3% as affordability stretched 42 Time to get modern – and modular 42 PRS promotion hits the road 42 Report identifies Generation Stuck Auctions 45 Savills chases Allsop as king of residential 45 Acuitus lifts commercial sales by 18.8% as Allsop stays top 46 Richard Auterac: Auction momentum set to continue Comment 48 Savvas Savouri: Regional empowerment could have avoided floods 49 Alistair Hughes: India brings both challenge and opportunity 50 Peter Bill: Paddington Pencil decision could be something to write home about In depth 52 Flooding: Winter washout Interview 56 U+I Group: What’s in a name? Practice & law 60 What’s in store after M&S? 63 Q&A: Bring the noise 64 Mainly for students: Agreements for lease 66 Practice point: A borrower’s statutory power of leasing is restricted to granting tenancies at the best rent that can reasonably be obtained 66 Practice point: Golf club fails to trump wind farm development 67 Discrimination: Commercial tenants can be victims too 68 Comment: An unappealing prospect 69 Legal notes: Easements for fun 70 Case summary: Lewis and others v Ward Hadaway (a firm) 71 Case summary: R (on the application of Sienkiewicz) v South Somerset District Council EG life 74 Independent views: Rooted in midtown 76 Events 90 Diary   2016 Estates Gazette 1601 – 9 January 2016 2015 Estates Gazette 1550 – 19 December 2015 Estates Gazette 1549 – 12 December 2015 Estates Gazette 1548 – 5 December 2015  Estates Gazette 1547 – 28 November 2015 Estates Gazette 1546 – 21 November 2015  Estates Gazette 1545 – 14 November 2015 Estates Gazette 1544 – 7 November 2015  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