EG’s news agenda: What to look out for this week

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. Tuesday Picton Property Income will deliver its financial performance over the past six months. The REIT is expected to report an improved portfolio value, thanks to reduced exposure to the offices sector.  Liverpool City Council’s planning committee will meet to make a decision on the development of further student homes in the city. Molyneux Developments has proposed to deliver a 103-bedroom scheme at 4-10 Gildart Street in the city’s Fabric District, while Altrincham-based developer SGL1 is looking to build 180 homes on Fox Street. Both schemes were recommended for approval. Wednesday Aviva will update shareholders on its trading performance. The investor has most recently reiterated its long-term positive outlook, noting its strengths across the real estate, infrastructure, credit and equities sectors. Workspace Group will publish its half-year report, which is expected to show a moderate dip in demand and rental price growth. In the meantime, the company is pursuing the disposal of non-core assets, with £26.9m expected to complete by the end of this year.  Investor ICG will also deliver its interim results after reporting elevated transaction activity earlier this year. As of the end of June, the company had $101bn (£78bn) assets under management. Pub operator Fuller Smith & Turner will report on its performance over the 26 weeks to 28 September. Since the start of the year, the company has been focused on strengthening its balance sheet through the sale of non-core pubs and acquisition of new locations.  Thursday Healthcare property developer Assura will shed a light on its interim performance. The firm has been busy lining up £200m of disposals in a move to cut leverage and deliver better liquidity.  WHSmith will update the market on its financial results, as it continues to roll out Toys “R” Us shop-in-shops, with 76 facilities expected to be operational by Christmas this year. Retailer B&M will also reveal its financial figures for the 26-week period, having recently set a target of 45 gross new store openings in the year across the UK and France. Friday The UK GDP data covering three months to 30 September will be released. The UK economy grew by 0.5% in the period from April to June on the previous quarter, following an increase of 0.7% in January to March period this year. Year-on-year, it has shown 0.7% and 0.3% increases, respectively. Landsec will update on its financial performance over the six months to the end of September. Most recently, the company said it was looking to invest around £1bn across its estate and on new assets following the completion of its £4bn disposal strategy.  Some 18 months after Toronto-headquartered Avison Young’s UK restructuring division was bought out by its management to form new agency Watling Real Estate, we catch up with the top team to talk about the state of the market and the kinds of deals keeping them busy. EG’s must reads and most reads will be live at 3.25pm, wrapping up the news from the week, making sure 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 Photo by Absolutvision/Unsplash