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 national papers.
Powers to enable local authorities to put empty high street shops into rental auctions will be in force by the summer, according to the government.
The first rental auctions are expected to take place in September, and the first shop occupied and open to the public in October.
A multi-let government hub in York, which counts Defra and DLUHC among its occupiers, has been sold to a family trust for £25.3m by Standard Life Investments. The offices, which total 142,221 sq ft, previously changed hands for £43.5m in 2014.
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 national papers.
Westminster City Council has approved two closely-watched development proposals: Hines’s revised plans for a Soho office and retail block at 2-4 Dean Street and 7 Soho Square, W1, and CPI Property’s scheme at 27 Savile Row, W1, which includes a tailoring academy and workshop.
Powers to enable local authorities to put empty high street shops into rental auctions will be in force by the summer, according to the government.
The first rental auctions are expected to take place in September, and the first shop occupied and open to the public in October.
A multi-let government hub in York, which counts Defra and DLUHC among its occupiers, has been sold to a family trust for £25.3m by Standard Life Investments. The offices, which total 142,221 sq ft, previously changed hands for £43.5m in 2014.
And, you won’t want to miss EG’s latest podcast episode, in which Freehold co-chairs Kelly Canterford and Scott Parsons speak with EG’s Jess Harrold as the sixth annual LGBTQ+ in Real Estate – Attitudes, Actions and Allies survey gets under way. The duo shares why it is critical for as many people as possible to take part and share their views.
To have your say, the survey can also be accessed here.
All of the news from EG, plus a selection of headlines from the nationals:Henry Boot chosen for £36m Rotherham Markets schemeCouncil approves Yoo Capital land swap for Shepherd’s Bush Market homesYork government department hub sold for £25mSavile Row police station redevelopment approvedWinsford industrial quartet packaged for saleHigh street rental auctions to take effect in summerHines cleared for reworked Soho schemeNeville’s Relentless scores with S&P GlobalParagon lifts Elevate with £21m funding for Derby resi‘Participate, participate, participate’: EG’s sixth annual LGBTQ+ surveyDemand for care home beds in Wales set to soarOfcom appoints Carter Jonas as UK portfolio adviserNido appoints chief exec as it gears for growthMarston’s to offload £50m of non-core propertiesEntrepreneurial investors snap up development opportunities at auctionGreggs has 160 shop openings baked into business planInvestors shun real estate as higher for longer fears bite (£)Big-name funds pile into real estate debt as banks retreatExposed: British criminal buys luxury Dubai properties from jail (£)Revolution plans put on hold (£)More older buyers looking to get on housing ladder, figures show
