Good morning.
Prologis(£) is set to build £450m of new laboratory space in Cambridge after buying out its joint venture partner, Countryside Properties. It now plans to build an extra 400,000 sq ft of offices and labs.
Britain could run out of warehouse space(£) within a year, says Cushman & Wakefield. Available warehouse space in the UK has fallen below 50m sq ft, the lowest level since Cushman started tracking the sector in 2009.
We take a first look at reworked plans for Native Land’s £2.5bn Bankside Yards scheme(£).
And the UK Infrastructure Bank has made its first investment(£), lending £107m to finance a project on the site of the old Redcar Steelworks on Teesside.
Meanwhile, Goldman Sachs is spending £200m to double its UK BTR pipeline, after hatching plans with Urban & Civic.
Conservative MPs are calling on Michael Gove to hand greater power over new housing to local people. They hope giving them a greater say and incentives will lead to more approvals. Might depend on exactly what the incentives are…
Ministers are considering a national registration scheme to weed out rogue resi landlords
And crooks posing as solicitors have scammed millions of pounds out of homebuyers in a rise in so-called Friday afternoon fraud(£).
Former US vice-president Al Gore has called for a reform of the global financial system(£) to tackle climate change.
Meanwhile, more than a third of companies believe that the chancellor should increase taxes(£) to tackle greenhouse gases, and millionaires think they should be taxed more. Well, some of them.
The chancellor is expected to find some extra money for “levelling up”(£) in this week’s Budget. But Labour has warned that any new pledges will be “smoke and mirrors”.
The restaurant group behind the Las Iguanas, Bella Italia and Café Rouge chains is planning to open 50 new restaurants(£), with 70 more in the pipeline.
Barratt Developments has teamed up with dozens of its suppliers to build the “Z house”, a zero-carbon “home of the future”(£).
This week’s EG Like Sunday Morning is all about diversity and inclusivity.
Evergrande has resumed work(£) on a handful of projects in southern China, as the developer seeks to convince investors that it can still function.
And finally, plans for a large luge(£) near the Lake District have riled opponents. While some campaigners argue the 840m slide is less environmentally damaging than many other attractions, a number of locals are objecting to the plans. They say it could be a slippery slope to more development. I’ll get my coat.
