Good morning. Here is your AM bulletin with the latest news and views from EG, along with a few little goodies from the morning papers.
Hines has submitted plans for its redevelopment of the former Sainsbury’s site at 18 Blackfriars on London’s South Bank. Two skyscrapers will rise to 45 and 40 storeys, alongside a 22-storey block, totalling 825,000 sq ft of offices and 440 homes.
Dubai developer Damac is planning to buy London office space for the first time. It wants to find assets worth between £100m and £500m with poor ESG standards and “push it to a higher end”.
Meanwhile, TSP has bought a Clerkenwell office formerly owned by Lord Sugar to expand its flex offering.
W.RE has prelet the Typewriter Building in Borough, SE1, to a flex operator.
Britain’s ambitions to become a “science superpower” could fall flat, as Knight Frank figures highlight the nation’s dearth of lab space.
Private equity firms are increasingly offering sweeteners, including fee discounts, to attract deep-pocketed investors.
And yoga, live music and roller discos should be used to keep shoppers coming back to bricks and mortar, says Samsung.
Scientists have called for a “ULEZ-style” charge on polluting buildings.
And cigar-chomping environment secretary Thérèse Coffey – strongly tipped for a sacking in a planned autumn reshuffle – has warned the prime minister not to downgrade the government’s net zero ambitions.
The Guardian talks to some of the allotment holders opposing the Duke of Northumberland’s plans to turn their veg plots in west London into luxury flats.
Landlords face an enormous jump in fines if they offer accommodation to “illegal migrants”. Fines per occupier will rise tenfold from £1,000 to £10,000.
Leaseholders in low-rise buildings are missing out on help with cladding replacement costs due to “arbitrary” limits in legislation.
Londoners are being forced out of the capital by rising mortgage costs.
And Homes England has been accused of causing delays to Help to Buy deals, weeks after it said it had fixed the issues.
More bad news for the boozer. More pubs in Britain went bust between April and June than in any quarter for more than a decade.
And finally, “Britain’s wonkiest pub” has been destroyed by fire just days after it was sold to a mystery buyer. A band called Gasoline and Matches had been booked to play that night.
