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.
The shortlist for EG’s 20th annual awards is here – did you make it? There are 20 categories up for grabs and you can find all of the companies, individuals and deals in the running here.
This year’s EG Rising Stars shortlist will be revealed in a special feature in our 7 September issue, while our Outstanding Contribution award will be revealed on the night of the awards – 21 November. To book your seat at the best show in real estate, head here.
The London Property Alliance has called on the next government to support AI adoption across planning authorities so that developments in the capital can be sped up.
The organisation polled 300 design, planning and development professionals in central London and found some 90% of respondents recognised the potential of AI to increase efficiency and productivity, and ease the burden on the planning system.
In a more downbeat survey, almost half of office landlords are struggling with operational costs caused by high inflation.
A survey commissioned by workspace provider InfinitSpace has found 48% of office owners are finding operational costs at their properties difficult to manage, caused by the inflationary environment. More than one in seven feared their buildings were at risk of closing in the next five years, owing to affordability concerns.
This morning’s listed real estate news includes a cheery outlook from Urban Logistics, an extension to NewRiver REIT and Capital & Regional’s takeover talks, and the latest deals from Sirius and Harworth.
All of the news from EG, plus a selection of headlines from the nationals:
EG Awards 2024: This year’s shortlist revealed
Capital & Regional extends NewRiver takeover talks
Urban Logistics sees investment flows growing
Sirius spends £31m on UK industrial sites
Harworth sells Ironbridge land parcel to Taylor Wimpey
Select Property rolls out rental management business
Nearly half of office owners struggle with soaring costs
Parties pitch on planning, homes and sustainability
Next government urged to support AI adoption in planning
Chartered surveyors harness donations in Cheesegrater abseil challenge
Asset managers fear high risk of stranded assets
Seventy Ninth Group launches leisure-focused real estate bond
Non-listed real estate recovery could be near, says Inrev
Barings hires BlackRock director
CBRE IM forward funds 150 East Sussex homes
Harworth appoints Midlands development director
UK house prices show second monthly rise in April
Be wary of Berkeley’s shift from housebuilder to landlord (£)
BOE rate cut expected to be pushed back by election, inflation (£)
Bank of England accused of ‘penalising the young’ by keeping mortgage rates high (£)
Asos warns staff over virtual meetings (£)
Games Workshop shares rise 9% after staff awarded £18m in bonuses (£)
Forget Cornwall: this seaside town is the new holiday home capital (£)
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