Here’s a look ahead to what is happening in the world of commercial real estate this week. Make sure to check back with EG for the full analysis as we deliver your daily news agenda.
Monday
Cushman & Wakefield is expected to report its earnings for the three months to 30 June, with analysts forecasting the consultancy’s revenue to top $2.4bn (£1.8bn), broadly in line with last year.
The government is expected to launch a new consultation to radically reform the planning system.
Tuesday
Colliers will update the market on its financial performance in Q2 2024. The agent’s revenue is expected to continue to grow following a strong start to the year, which saw Q1 figures improve by 4% year-on-year.
Liverpool planners will consider the delivery of more homes in the city. This includes both student accommodation and private market housing. Two separate proposals have been brought forward by TJ Morris and South Liverpool Homes. The former is looking to build a 250-bedroom PBSA block, while the latter is seeking approval for a 92-home residential neighbourhood.
Wednesday
Interim results are due to be reported by housebuilder Taylor Wimpey. In its most recent trading update, the company noted that it had a “good” start to the year and remains on track to deliver on its guidance for 2024.
Real estate investment trust Shaftesbury Capital will also be reporting its half-year results. Most recently, the firm has updated the market reporting a “positive” start to the year featuring continued strong leasing demand across all uses, with 147 transactions completed in the period, at rents on average 7% ahead of those recorded in December 2023.
Southwark Council will determine the fate of the Friars Close estate, which comprises 28 social rented flats, 24 of which are currently occupied. The council will debate Friar’s Close Regeneration’s plans to demolish the block and construct a new 149-home building. The proposed scheme has been recommended for approval by the planning officers.
The future of the Surrey Canal Road masterplan, which has been stalled for more than a decade, will be tabled for determination by Lewisham Council. The hybrid application comprises more than 3,000 homes, 560,000 sq ft of offices, 54,000 sq ft of education space, and 54,000 sq ft of food and beverage facilities.
Thursday
Capital & Regional will publish its results for the first half of 2024. The company has been in play since April this year with potential takeover approaches from NewRiver REIT, South Africa’s Vukile Property Fund and, most recently, Praxis.
Camden Council is expected to approve a Bloomsbury office revamp proposed by Tudehope. The developer is looking to refurbish the 157,831 sq ft office block as well as add an extra floor of 9,687 sq ft to the building alongside roof terraces and cycle storage. The redevelopment of the former HQ of the Chartered Society for Physiotherapy at 14 Bedford Row, WC1, into a 65-bedroom aparthotel is also set to get the nod.
Friday
EG’s must reads and most reads, delivered to you every Friday at 3.30pm, lands, wrapping up the news from the week, making sure you stay ahead in the world of commercial real estate.
Photo by Absolutvision/Unsplash
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