MORNING NEWS: Fenn-Smith gets new gig at CBRE

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, all perfectly curated to set you up for the day ahead. CBRE has appointed Kaela Fenn-Smith into a new role as UK head of client partnerships. Fenn-Smith takes up the position having spent the past three years growing CBRE’s ESG consulting business as managing director, sustainability and ESG consultancy. That consultancy business will now be led by three sector leads – Amanda Stevenson, Ed Blackburn and Allan Wickham – and will report into the wider CBRE consulting business, led by Ken Raisbeck. In her new role, Fenn-Smith will leverage her broad experience and deep knowledge of clients’ requirements, coupled with the “hugely valuable” learnings she has gathered from three years building CBRE’s ESG consultancy, to lead the business’s key strategic clients and client partner programme. Elsewhere, Praxis has nabbed two managing directors from Brockton Everlast as it seeks to break into new investment classes and markets. The group – which briefly made a play for Capital & Regional this summer – is keen to grow, with around £100m of deals in solicitors hands and an ambition to add more to its growing portfolio. In government and politics, deputy prime minister Angela Rayner and housing secretary Matthew Pennycook have got their pencils out and started writing letters to decision-makers. Rayner has told London mayor Sadiq Khan that there will no longer be a review of the London Plan but that she will be kick-starting a new partnership approach with the mayor to ensure he delivers 80,000 new homes a year in the capital. Pennycook’s letter was to Homes England chair Peter Freeman and came with a list of seven priorities he expected the agency to be able to deliver on, including an acceleration of its delivery of new homes. Retail continues to boom as GPE secures a new flagship tenant at its Orchard Court development in London’s West End. Home appliances retailer Gaggenau has signed a 10-year lease for almost 7,000 sq ft at 6/7 Portman Square, W1. The shop is more than double the footprint of its existing store at 40 Wigmore Street. And building regulations for taller developments, including the inclusion of a second staircase and third lift, has led Berkeley’s St William Homes to adjust long-running plans for the redevelopment of Fulham Gasworks. The housebuilder is seeking to remove one of three towers planned for the site, redistributing homes across the scheme. All of the news from EG, plus a selection of headlines from the nationals: Praxis raids Brockton for double hireGPE bags Gaggenau for new global flagship storePennycook lays out seven key priorities for Homes EnglandDar Global chairman resignsFenn-Smith appointed UK head of client partnerships at CBRERevised Fulham Gasworks plans up for voteRayner withdraws London Plan reviewNon-exec director to bring ‘fresh perspective’ to Vivid HousingPlans push ahead for second Dalata Edinburgh siteAlmcor puts four-site retail portfolio on sale for £100mLittlewoods Building in the spotlight as agents tasked with finding occupiersCOMMENT: Why EPC bashing is misguidedCheltenham council offices offer unique redevelopment opportunityWoodbourne begins £100m self-storage build-outUK infrastructure projects face £700bn shortfall by 2040Judge calls ‘action’ on Cineworld UK restructuring planAnother Clifton co-founder exits the businessOpen All Hours shop for sale at auctionSchroders shakes up real estate leadership teamIrish manufacturer signs for West Yorkshire warehouseREA pulls bid for Rightmove after fourth rebuffCosts of decarbonising European real estate higher than previously thoughtFormer McDonald’s estate head George Jones diesHotel investment blasts past 2023 totalPlanning Inspectorate rejects Oxford’s local planShake-up for London’s busiest flex office marketsNational deals round-upSavills bolsters Oxford team with hire from BidwellsCambridge university seeks £15m state boost for global science hub (£)UK house prices rise at fastest pace in two years (£)As waiting lists grow, why are 70,000 council homes lying empty? (£)Frasers Group makes £85m offer for Mulberry (£)Business confidence slumps as budget nears (£)