In the news this morning, the government will announce £5bn in funding to target the nation’s housing crisis as it tells the Conservative Party conference today that it has a moral duty to build more houses. Tritax joins British Land in taking a stake in the International Property Securities Exchange. And councils are turning to shopping centres to provide an income stream.
£5bn in funding for housing (The Telegraph/FREE)
The government is to pledge £3bn in funding to enable small family firms to build 25,000 homes by 2020, while new public borrowing of £2bn will support the building of an additional 15,000 homes on surplus public-sector land.
Tritax takes stake in IPSX (The Times/£)
Tritax has taken a stake in the International Property Securities Exchange, an exchange that would allow the trading of shares in individual office buildings.
Councils look to shopping centres for yield (FT/£)
Councils are taking advantage of the low cost of borrowing to boost investment in shopping centres.
Danish billionaire adds to Scottish portfolio (The Times/£)
Danish billionaire Anders Holch Povlsen has boosted his holdings of Scottish land to more than 200,000 acres after adding two estates in Sutherland to his property portfolio.
Kennedy Wilson contemplates housebuilding in Ireland (FT/£)
US property developer Kennedy Wilson could add housebuilding to its activities in Ireland.
Golden week to benefit UK retail (The Guardian/FREE)
UK retailers could benefit from the golden week holiday in China, as tourists from that country take advantage of the weak pound to buy luxury goods.
134 new breweries added in 2015 (FT/£)
Some 134 new breweries were opened in the UK last year, taking the total to 1,692, figures from UHY Hacker Young show.
Article 50 to be triggered by March (The Guardian/FREE)
Prime minister Theresa May told the Conservative Party conference that the UK would trigger Article 50 by the end of March, clearing the way for the country to leave the European Union by 2019.
