The British Property Federation has turned 60, but, as this week’s EG Interview makes clear, it isn’t even close to thinking about retirement. Instead the BPF has named British Land boss Simon Carter as its junior vice-president. And it has announced plans to merge with the UK Proptech Association, with UKPA becoming a subsidiary company of the BPF.
Meanwhile, Brookfield’s £4bn sale of Center Parcs is hanging in the balance after three of the bidders – CVC, Blackstone and Aermont – pulled out.
Regulations to set up a Responsible Actors Scheme for residential developers have been passed into law. That means that any developer refusing to comply with the government’s building safety remediation plans will have their schemes rejected.
And remember that government pledge to halve inflation? Britain is currently the only nation in the G7 where inflation is still on the rise, and in the bottom three performing of the OECD’s 38.
Meanwhile, Bahrain’s sovereign wealth fund, Bahrain Mumtalakat Holding Company, has outlined plans to invest in student accommodation in the UK through a partnership with alternative investor Investcorp.
And Get Living’s Ian Gibbs has joined alternative residential asset manager Node as its COO and global head of operations.
Cash buyers are snapping up a bigger share of London’s most expensive homes as borrowing costs rise, says Savills.
London’s mayor lacks the power to extend the city’s ultra-low emission zone, a group of Conservative-run councils have told the High Court.
The UK operation of Le Pain Quotidien has fallen into administration for the second time since the pandemic.
And don’t forget, you can have your say on what the future looks like for the RICS with our latest survey.
