Estates Gazette 1606 – 13 February 2016

Estates Gazette 1606 – 13 February 2016 The week 5 Editor’s comment 6 Briefing: The hand of gov News 21 Paddington pole hacked in half 22 Green to liberate Kallakis hoard 22 1 Undershaft to oversee the city 22 Carillion enrols at £150m Nine Elms campus 22 Deals 23 SEGRO returns to Roxhill for big-box push 23 Candy digs deep for Holland Park basement approval 23 Abbey to lead Eastdil’s push into Europe 23 Flurry of lettings gets Exchange Flags flying for Lone Star 24 M&G makes Portuguese debut 24 Art deco block on offer in WC1 24 Howard de Walden’s Shannon to step down 24 Top stories from EGi 25 L&G’s Central Square gets motoring 25 Five sign for Cardiff tower 25 Welsh government in Callaghan Square U-turn 25 Cardiff office activity 26 Grosvenor installs crash barriers 26 Timberland hikes up Oxford Street 26 Prince’s Trust seeks buyer for Broadgate House 26 Global round-up 29 Analysis: What’s going on with Matalan? Finance 33 KFIM in £300m fund debut 33 Hedge funds short Berkeley Group 33 PIMCO finds new home for £42m UK distressed portfolio 33 In brief 34 Glenstone acquires London & Surrey 34 Courtauld: EU vote breeds uncertainty 34 Fears and volatility will hit property returns, says BNP PRE 35 Jos Short: medium-term prospects for rates is still low Residential 37 New-builds flood London 38 Chris Brown: why is the government becoming a developer? Auctions 41 Allsop raises £63.3m at latest sale 41 Devon check-in time 41 Garages go for double at Barnard Marcus 41 In brief 42 Gary Murphy: the pendulum swings further towards renting In depth 46 Retail tech: express delivery Interview 50 George Downing: Downing’s street Comment 54 Sadie Morgan: great design will help the UK find its mojo again 55 Ashley Blake: retail & leisure must adapt to a new generation 56 Peter Bill: in praise of government’s frankness 57 Waheed Nazir: has London had its day? Question time 58 Booming Birmingham EG London 64 Around the market 66West End car parks: space for development 72 Offices: Are you sitting comfortably? 76 Logistics: stuck in a layby 80 EG London forum: a list for London 83 Last word: West End’s star performance Practice & law 84 Profile: Nick Hopkins – back in commission 87 Q&A: the definition of a house 88 Mainly for students: agreements for lease, part 3 90 Practice point: Order for specific performance requires developer to act before the deadline for completion of works 90 Practice point: the correct approach to retrospective applications 91 Landlord and tenant: illegal competitions 92 Peter Williams: negotiations are coming to an end 93 Legal notes: precedent in tribunals 94 Case summary: Miaris v Secretary of State for Communities and Local Government 95 Case summary: Phoenix Developments (JPJ) Ltd v Lancashire County Council Work:life 98 Wellbeing: the agile office 100 BPAA annual dinner: hottest ticket in town 101 Social: 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