Good morning. Here’s your round-up of today’s real estate headlines on EG and in the papers.
Commercial property rent collection has bounced back to near pre-pandemic levels, according to new data from Remit Consulting.
St James’s Place has suspended dealing in its £826m SJP Property unit trust and deferred redemptions in its life and pension funds, as client withdrawals grew.
Central London office take-up has reached its highest point this year after improving on the previous quarter, according to the latest figures from Savills. Researchers pointed to signs that more occupiers are “seeking to increase their space needs” rather than reduce them.
Full-time office workers have outnumbered hybrid-working staff for the first time since the Covid-19 pandemic.
Vistry has said it expects a £40m profit hit on the back of its move to close down its private housebuilding arm and focus solely on affordable housing.
Mercantile Group has sold Chestertons, one of the UK’s oldest estate agencies, to a subsidiary of European real estate services and technology firm Emeria.
Investors based in the Middle East have chosen London as their main focus, with their confidence in the market growing over the past year.
Barber shops are the fastest-growing retail occupiers, according to the latest findings.
The House of Lords’ Built Environment Committee has begun its inquiry into the future for modern methods of construction. The inquiry will gather evidence to understand the barriers to the increased delivery of MMC homes and whether the government is doing enough to address those barriers.
Home sale completions at the UK’s biggest listed housebuilders are estimated to fall by more than 18,000 this year, reflecting a 27% decline, according to research.
And an increasing number of buy-to-let investors in London are choosing to put their money in properties in the North rather than the capital.
