Good morning.
The busy build-to-rent market shows no sign of taking a summer break, with Canary Wharf planning to add 2,000 BTR homes to its estate.
Edmond de Rothschild agrees a £50m deal for 269-home waterfront BTR scheme in Gateshead, Tyne & Wear…
And Watkin Jones wins planning for 600 homes in Bath.
A group of 44 affordable housing providers are seeking net zero carbon solutions in a £2bn contract.
As Wokingham Council searches for a development partner for 200 net zero homes.
Meanwhile, the housing market is facing an acute shortage(£) of homes for sale, exacerbated by over-55s delaying or shelving their downsizing plans(£).
Shaftesbury was among the FTSE 250’s biggest property risers yesterday, after announcing that CBRE would be its sole managing agent across its estate.
Meanwhile, Morrisons(£) is set to enter the FTSE 100 again when the rankings are rejigged next week. But not for long, if it is taken private by either CD&R or Fortress.
Michael Murray, the property-dealing incoming boss of Frasers, could net a £100m bonus when he takes over from Mike Ashley.
Fears that HS2 could lose its Leeds leg(£) are becoming stronger as the Treasury attempts to scale back spending.
Gatwick Airport(£), however, is pushing ahead(£) with its £500m expansion.
David Beckham’s Florida club(£) has been told it must keep its planning promises or lose its land.
And, as the summer comes to an end, EG’s editor asks what real estate’s priorities should be.
Catch up with EG’s regular round-up of moves and mergers.
And, as EG’s Diary blasts off into space, we look to the heavens. Hermes, Hestia, Apollo, Ares, Minerva… just what is behind the property industry’s obsession with old gods?
And finally, efforts to get staff back to the office will begin in earnest now that the summer is coming to an end. But the remote working lobby is still pushing for a paradigm shift. Working from home is more productive(£), we are told. It is both better and worse for mental health, they say. Home workers are less likely to retire early(£), we are assured. And if we go back to the office any time soon, that puppy we got in lockdown will have separation anxiety. All good arguments. But there is one argument strongly in favour of ending this experiment with WFH. The cats hate it(£). Apparently our feline co-habitants have been silently seething since the first lockdown that we are spending more time in their space and they want us out now. So go on, go back to the office. For Mr Tiddles’ sake.
