Good morning. Here’s your daily round-up of the latest news and views from EG and a collection of real estate-relevant headlines from the national papers.
More than 800 real estate professionals gathered at London’s Old Billingsgate last night to celebrate the 20th annual EG Awards.
With entertainment from beatboxing legends Duke and award-winning comedian Sindhu Vee, 20 winners were crowned as EG celebrated the successes and positive contribution of real estate over the past 12 months.
You can find the full list of winners here.
L&Q is seeking a buyer for its private rented sector business, and is hoping to achieve a £1.2bn price target as it continues to focus on investment into existing and new social homes.
L&Q’s PRS homes are managed by its wholly owned subsidiary Metra Living. It manages a portfolio of 3,147 homes across 53 schemes in Greater London, the majority of which were built within the last 10 years.
The proposed sale will include the transfer of Metra Living’s existing operational platform and team.
Online train ticket seller Trainline is wrapping up a deal for a new, larger London office in Midtown ahead of a lease break in 2026 at its current home in Holborn.
The company is under offer to take the second, third and fourth floors at Ivanhoé Cambridge and Co-Re’s Stonecutter Court at 1 Stonecutter Street, EC4, totalling around 61,500 sq ft.
There’s also news on M&G’s planned sale of the Medway Valley Leisure Park in Kent; Workspace’s vacating larger tenants; and Home REIT’s confirmation of its planned portfolio sale, an EG scoop from earlier this month.
All of the news from EG, plus a selection of headlines from the nationals:
EG Awards winners crowned at glittering night of celebration
Workspace sees larger tenants leaving its flex space
Raising the profile: new PLA chair sets out her stall
London’s next generation of life sciences schemes takes shape
Shades of green in renewable energy procurement
Home REIT confirms portfolio sale
Community favours offices-to-labs move at £1bn MIX Manchester
L&Q puts Metra Living PRS arm up for sale
Carter Jonas expands outside of England with infrastructure focus
Trainline nears deal for new Midtown office
Vistry and Goram team up to deliver 130 Bristol homes
85% of smaller industrial units could become obsolete by 2030
M&G looks for buyer for Medway Valley Leisure Park
Starlight boosts UK BTR holdings with acquisition of three schemes
Housing association gets go-ahead for Bath resi scheme
Mission Street and BGO secure £180m backing for OxCam portfolio
ICG secures 40% rental uplift with logistics letting
UK’s JD Sports falls after warning over discounting and consumer caution (£)
Rushed UK leaseholder law contains ‘flaws’, ministers warn (£)
Hotel room pricing tech firm becomes latest unicorn (£)
High street names accused of ‘blatant profiteering’ for raising mortgage rates while cutting savings rates
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