MORNING NEWS: Beds are hot property

Good morning. Here’s your daily round-up of the latest news and views from EG and a collection of industry-relevant headlines from the nationals. If you’re looking for action in the real estate market today, get into beds. Whether its funding deals, planning permissions or big sale action, the living sector has it all. Native Land has agreed an £18.5m funding arrangement with Grosvenor for St Mary’s Wharf, a 200,000 sq ft mixed-use development on brownfield land in Guildford, Surrey, which will deliver some 185 new homes, AXA has committed to a £115m later living scheme in Tunbridge Wells, Kent, which will finally see a derelict cinema site transformed into 167 retirement homes, and Greystar and Henderson Park have put two build-to-rent schemes in London up for sale through Savills for £325m. And if that wasn’t enough, Eastdil has been instructed to consider options for the £3bn student housing platform Chapter on behalf of Pimco, Greystar and PSP Investments, which could lead to a sale. If beds aren’t your thing, however, perhaps film studios are. In Sunderland, Cain International in partnership with production company Fulwell 73 has just got the nod for a new £450m film studio that is set to bring some 8,000 jobs to the area and more than £300m of economic benefit. And maybe the odd Hollywood A-lister or two. And talking of famous faces, it looks like Adam Neumann really is trying to buy his old company WeWork back. The ousted former chief executive is understood to have made a conditional $500m offer. Annual results season continues, with figures from Life Science REIT, Regional REIT and Real Estate Investors among others released this morning. Offices dragged Life Science down, Regional REIT is preparing for asset sales and REI has swung to a loss, driven by a £13.2m revaluation deficit on its portfolio. All of the news from EG, plus a selection of headlines from the nationals: Regional REIT readies raft of assets for saleOffice market woes pull Life Science REIT values downReal Estate Investors swings to a lossSunderland calls action on £450m film studiosAXA IM Alts commits to £115m Thrive senior living schemeNeumann makes $500m offer for WeWorkCOMMENT Retail’s role in fostering communityNative Land secures £18.5m funding for St Mary’s WharfEast Sussex towns secure £40m of levelling up cashGreystar and Henderson Park prep £325m BTR saleEastdil to advise trio on £3bn student housing platformWar on leaseholds is an attack on property rights (£) Gove forced to dilute plans to cap leasehold ground rents in England and Wales (£)Revolution Bars in talks to sell venuesProperty group SBB’s creative financing staves off crisis (£)