Good morning. Here’s your AM bulletin with the latest news and views from EG, along with a few of the best bits from the national newspapers.
The target for all private rental sector homes to have an EPC of C and above by 2025 will be delayed, Whitehall officials have confirmed. They say the entire EPC system, possibly including for commercial buildings, will be “overhauled”.
But a new survey suggests that green policies aren’t the vote-losers some in the Conservative Party seem to think they are.
And why is the government running cold on some green policies, but claiming environmentalism when turning down Marks & Spencer’s Oxford Street plans, asks The FT (£)?
Protecting our cultural heritage isn’t just the right thing to do, says General Projects chief executive Jacob Loftus, it has the potential to be hugely commercially successful too.
The golden age for private equity has “come to an end”, Singapore’s GIC has warned. It says the favourable tailwinds have been replaced by far tougher market conditions.
Meanwhile, Orion and Pella have submitted fresh plans for redeveloping 81 Newgate Street, EC1, BT’s former City HQ.
NewRiver says it has a £137m warchest to spend on “attractive opportunities”.
Picton says its values have “stabilised”, after falling by just 0.7% on a like-for-like basis, with rises in industrial, retail and leisure.
Gaming technology company IGT is to join the tenant roster at Exchange Quay, Manchester’s 435,000 sq ft office campus.
GPE has signed a handful of new leases on Regent Street, W1.
British property billionaire and Tottenham Hotspur majority owner Joe Lewis has been charged with “brazen” insider trading in the US.
The owner of Brighton Pier has issued a profit warning after suffering from fires, floods and foul weather. And inflation, naturally.
But companies are feeling more confident about hiring and the general state of the economy than at any time since the start of 2022. That might not seem like that long ago, but a lot has happened since then.
The International Monetary Fund has upgraded its forecast for the world economy this year – but not the UK.
Chinese developer Dalian Wanda has repaid a $400m bond at the last minute, but failed to allay investor concerns.
And perhaps things aren’t so bad for US real estate loans after all, says the FT(£). Maybe not.
