Good morning.
Here is your AM bulletin with the latest from EG and some selected snippets from the national press.
Fears of a recession have risen after the Bank of England chose to raise interest rates to 5% yesterday. Governor Andrew Bailey said the move was not designed to “precipitate a recession… But we will do what is necessary to bring inflation down to target.”
Whitbread’s suitors are lining up for a £600m portfolio of 250 pub-restaurants, with Mitchells & Butlers thought to be the front-runner.
And EG talks to BioMed about it plans for Cambridge – the one in the UK, that is, not the one in Massachusetts.
The City of London is planning to fast-track applications to convert unused older offices to avoided a Square Mile full of stranded assets.
John Lewis is facing another hurdle in its plans to diversify into BTR housing, after it emerged that its proposed high-rise development in Bromley won’t have enough affordable homes.
Specialist investor/developer Urban Vision has submitted plans for a 33-storey BTR tower in Birmingham’s Broad Street.
And Argo is seeking buyers for an £80m residential development in Ilford, east London.
EG’s award-winning Future Leaders programme is back with a sixth cohort of talent ready to showcase how powerful, exciting and transformative the real estate sector can be.
And Eudaimonia Sustainable Agency founder Hannah Wright explains why our high streets aren’t immune to the impacts of climate change.
