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
Property adviser Christie Group will report its interim results, having revised down its annual performance expectations earlier this month. The company expects to be able to report a narrowed operating loss for the six months to 30 June of £600,000, from £1.4m posted for the same period in 2023, thanks to its retail stocktaking operations.
Tuesday
Capital & Centric will be closely watching Liverpool City Council’s planning committee meeting as the decision is made on the future of the former Littlewoods Building. The £70m media campus scheme, featuring 270,000 sq ft of film and TV studios, has been recommended for approval.
The transformation of the Cavern Walks building in Liverpool’s Cavern Quarter has also been tipped for approval. Greenwood Developments is looking to redevelop the existing 143,000 sq ft office block into a 283-bedroom hotel. If approved, the building will be operated by Motto, a lifestyle hotel brand from Hilton Hotels & Resorts.
The latest UK house price data from Nationwide Building Society will be revealed. In August, the average house price rose by 2.4% year-on-year to £292,505, marking the sixth consecutive month of rising house prices and the strongest growth since December 2022. However, on a monthly basis, house prices went down by 0.2%.
Wednesday
JD Sports will update the market on its half-year performance. In a trading update last month, the sportswear retailer said it opened 85 new JD stores in the 13 weeks to 3 August, ending the period with 4,506 stores, up 1,189 from the start of the year.
Cambridge City Council’s planning committee will be looking to grant planning permission for the final phase of development at Newbury Farm. Cambridge Investment Partnership is proposing to deliver 150 homes, 60 of which will be affordable, alongside 4,306 sq ft of commercial space.
Thursday
Earlier this month, we hosted our Future Leaders at our Real Estate Futures conference at Church House in Westminster. Hundreds of you joined us as we dug into why real estate is the place to be. No-one showcases the power and purpose of property better than our EG Future Leaders, and from today you can re-watch their amazing talks covering everything from “Yimbyism”, the importance of third spaces and not putting people in boxes to data literacy, inclusivity, AI and creating places for all. If you weren’t there, you still have the opportunity to benefit from their tales. Enjoy.
Tesco will post its interim financial figures, having reiterated its guidance for the full year in June. The expectations for retail adjusted operating profit sit at £2.8bn.
Two residential schemes in Oxfordshire with a combined total of 360 homes have been recommended for approval. Hallam Land is proposing to deliver up to 300 homes on a 33.3-acre site in Kidlington, while Gladman Developments is looking to bring forward a 60-home scheme in Bloxham.
Canary Wharf Group’s proposals to revamp the public realm and build a retail pavilion at Montgomery Square and Water Street are expected to be approved by the local council. If approved, the project is expected to be finished by late next year.
Friday
Pub chain JD Wetherspoon, which currently has a trading estate of 801 pubs, will deliver its full-year results. In its latest trading update in July, the company noted that 10 of its trading pubs remain on the market, or are under offer, after the disposal or surrender to the landlord of 26 pubs, raising £8.7m.
EG’s must-reads will be live at 3.25pm, wrapping up the news from the week, ensuring that you stay ahead in the world of commercial real estate.
If you’d like to get your big news of the week featured in EG’s news agenda, drop us an email at newsdesk@eg.co.uk
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