MORNING NEWS: Agencies see lifts in leasing and capital markets

Good morning, and welcome to your Tuesday round-up of news, views and analysis from EG, as well as some real-estate focused stories from the nationals. First-quarter results from CBRE and JLL should give agents hope of a better year ahead following a tough 2023. At CBRE, chief executive Bob Sulentic said earnings “exceeded our expectations heading into the year”, with a particularly strong performance in office leasing.  At JLL, meanwhile, capital markets revenue was up across the board, helping the firm to turn around the loss reported at this time last year.  A big vote of confidence in the UK and Europe from US investor Realty Income. More than half of the company’s Q1 investment was channelled into acquisitions in the region, as it continues to focus on amassing a portfolio away from its home market.  Tritax Management has launched a social impact foundation in a bid to measure and ramp up the positive socio-economic changes it can deliver to communities.  Alan Somerville, head of ESG at Tritax, told EG: “We wanted to be able to measure our impact and prove to ourselves – and all of our stakeholders – that we’re doing what we said we were going to do.” Plus there’s our latest Voice of the Region podcast, in which Siddall Jones founder and director Ed Siddall-Jones discussed EPC rules, recorded live at EG’s A Bird’s-eye View: The Midlands last week.  All the news from EG, plus a selection of headlines from the nationals: Realty Income invests $300m into UK and Europe in Q1Farringdon office rents rocket as big names move inIWG sees ongoing hybrid lift to businessLondon and South East need biggest shake up on planningGlasgow and Edinburgh facing 40,000 PBSA beds shortfallJLL posts rising capital markets revenueTritax launches social impact foundationVoice of the Region Live: West Midlands – Uneasy as EPCReturn to the office boosts CBRE’s leasing revenueAI data platform to gain €100m boost for European expansionWhat the creative industries need to thrive and not just surviveFrom isolation to inspiration: Why I’m riding for Alzheimer’s SocietyBritain’s economic recovery ‘picking up pace’ (£)Fewer Londoners leave for the country as pandemic-era exodus eases (£)Lloyds-backed estate agent Lomond goes on the marketBoE likely to flag future rate cuts as divided policy committee meets (£)Number of new homes in England predicted to drop to half of official target (£)Brewer to invest £39m in suburban pubs revival (£)