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MORNING NEWS: Amro buys Lewisham site for £400m resi scheme

Good morning. Here’s your Thursday round-up of the latest news and views from EG and a collection of real estate-relevant headlines from the national papers.

First up, a Lewisham double-bill from south-east London. Amro Partners has acquired Lewisham Retail Park for a £400m scheme providing 1,000 rental homes. The site, previously owned by L&G, is one of the final major pieces of the 20-year Lewisham regeneration plan.

We also have an interview with the LandsecU+I team behind the proposed redevelopment of Lewisham Shopping Centre. The company has just launched a new consultation on the plans, with a focus on encouraging younger residents to come forward and share their views on what the town centre needs. 

“This is a 10-year build at least, once we’ve got planning permission,” says development director Jon Watson. “If you had to pick a group for such a long-scale town centre regen, it has to be young people.”

There’s a (fl)exclusive from London’s Square Mile, as Brookfield Properties signs flex workspace operator the Instant Group to run 11,000 sq ft at 100 Bishopsgate.

And in this morning’s listed real estate news, Conygar Investment Company’s net asset value has been hit by a write-down on plans for a Bristol resi scheme, while Grainger has taken a near-£60m hit to its bottom line following the abolition of the multiple dwellings relief tax.

All the news from EG, plus a selection of headlines from the nationals:

Amro buys Lewisham Retail Park for £400m resi-led scheme
Landsec and Lewisham: ‘A long journey, but worthwhile’
Brookfield signs flex operator at 100 Bishopsgate
Abolition of multiple dwellings relief pushes Grainger into the red
Landmark Reading office block back on the market at 50% off
Bristol resi write down hits NAV at Conyar
Vistry eyes 10% rise in completions
Government Property Agency buys former Manchester retail park
Arup report urges industry to regenerate the planet
Investing in places of safety
If we’re all in Leeds, let’s make sure we lead on real estate’s value
Advisers appointed for major Walsall regeneration
US-based student housing developer targets UK for growth
UK PBSA rental growth projected to hit 4-6%
Edinburgh approves £80m Ocean Point 2 scheme
L&G and UCL launch £3m health equity fund
RLAM sells £315m Southall data centre site
AshbyCapital signs VR Capital and Ferrari Group for Kensington Building
Calibre Scientific signs for 40,400 sq ft at Harworth’s R-evolution 4
Godwin acquires Places for People’s former paper factory site
Savills looks to rising deal flow in second half
Gresham House raises £125m from local authority pension funds
Summix Capital acquires former Independent HQ for student resi conversion
Former Rockspring partners reunite for value-add vehicle
Starwood’s $10bn property fund taps credit line as investors pull money (£)
Axing northern leg of HS2 will stunt UK growth, says official adviser (£)
Keir Starmer sets out six Labour pledges for general election (£)
China plots to buy millions of unsold homes amid property crisis (£)
Gail’s spreads wings with Waitrose in-store bakery at Canary Wharf (£)
Man builds 10ft-wide house to spite nimby neighbours (£)

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