EG rounds up what’s happened in the real estate market
1.
Canary Wharf wins Brexit lawsuit: EMA’s lease not frustrated
Judge rules that that Brexit is “not a frustrating event.” Read more…
2.
£1.1bn Citi Tower under offer
A deal has been struck to sell one of the UK’s most recognised skyscrapers. Read more…
3.
Do your skills mean you’re likely to get a pay bump?
Which property professionals are most in demand – and enjoying the biggest growth in salaries? Read more…
4.
Walking the Talk: Why diversity is about more than just tick boxes
EG REWIRE podcast speak to the female half of Ellandi’s top team and discuss how diversity is about more than just gender. Listen
5.
Rise in council investment offers retail opportunities
Local authorities are emerging as key investors in the UK property market, writes Kevin White, partner at Montagu Evans. Read more…
Scroll down to see 18 February 2019 round up
First look at Fen Court’s rooftop garden
A 30,000 sq ft rooftop garden at Fen Court, EC3, open to the general public. Watch
How to close the ‘gender say gap’
EG REWIRE: Claire Mason, entrepreneur and founder of marketing agency Man Bites Dog, talks about what businesses can do to help close the ‘gender say gap’. Listen
Co-working fright as Regus SPV applies for liquidation
The co-working firm has failed to pay rent to landlord Tritax since October. Read more…
EG reveals the 2019 top 100 global real estate-owning companies
The amount of property owned by the biggest real estate investors continues to grow. Read more…
Pi Labs selects next cohort of proptech start-ups
Property technology venture capitalist Pi Labs has launched its seventh pre-seed growth programme. Read more…
Scroll down to see 11 February 2019 round up
London office market analysis: Top agents revealed
LOMA 2018 Q4: Radius Data Exchange analysis reveals London’s office market winners and losers. Click here to explore the data
Khan: “It’s not a battle with developers”
EG talks to London mayor Sadiq Khan about affordable housing and engaging with the property industry. Read more…
Kirkcaldy shopping mall sells at 50% yield
A Scottish shopping centre put up for sale with a £1 reserve sold under the hammer at Allsop’s auction for £310,000. Listen to an interview with auctioneer George Walker
Furious row breaks out over Old Oak ‘cock-up’
The £26bn Old Oak regeneration scheme is “unprecedented waste of public money”, claims landowner. Read more…
Tak Lee fails in bid to block Shaftesbury director re-elections
Hong Kong tycoon receives insufficient shareholder backing for most policies. Find out more…
Scroll down to see 04 February 2019 round up
GVA drops name but 100 gain shares as merger goes live
After lurching from owner to owner, GVA’s name is finally going to disappear, at least officially. Read more…
By the book: Helsinki’s Oodi Library
The Oodi provides the city’s citizens with a civic space filled with more than just books. Read more…
Groundhog Day for Shaftesbury and Tak Lee?
The Hong Kong billionaire has again said he plans to block any future share issues from Shaftesbury. Read more…
City clicker: Dan Doctoroff on the creation of digital citiesEG talks to the founder of Sidewalk Labs – one of the biggest names in urban innovation. Read full story…
Five in six councils plan green belt developmentResearch reveals that 56 of 66 local authorities have planned residential development on green belt land around London. Read more…
Scroll down to see 28 January 2019 round up
How much retail would Mike Ashley own if he bought HMV?
Radius Data Exchange reveals staggering potential scale of Sports Direct owner’s empire. Find out more…
Land Registry discusses digital strategy
Land Registry digital director John Abbott on the benefits of digitising, as well as barriers to it. Read more…
Grosvenor to overhaul leasing model in red tape cut
The firm is looking at modernising its leasing system in an attempt to streamline the business. Find out more…
Board reshuffle makes way for next gen, says BL boss Grigg
The shake-up of BL’s board was an “opportunity to combine strategy with people”, the chief exec says. Read more…
Why has Landsec re-entered the flexible office market?
Landsec has ventured into flexible offices for a second time, a decade after its first attempt. Find out more…
Scroll down to see 21 January 2019 round up
Canary Wharf v EMA Brexit lease battle begins
Sir George Iacobescu gives evidence as Brexit frustration dispute reaches court. Read more…
City clicker: Dan Doctoroff on building cities from the internet up
Dan Doctoroff reveals why Sidewalk Toronto is his most complicated project yet. Listen
Regional BTR catches up with London
The number of completed build-to-rent homes in the regions is nearly on par with London totals. Find out more…
Crown Estate launches first co-working offer
The new space will be available to occupiers via three membership tiers. Watch
Enfield council exec Sarah Cary: ‘This is harder work than British Land’
Enfield’s executive director for place talks about her new role and the borough’s £6bn regeneration. Read more…
Scroll down to see 14 January 2019 round up
Hines buys Oxford Street scheme for £41m
Hines has bought Transport for London’s Oxford Street development opposite Bond Street Tube. Find out more…
Greater Manchester unveils long-awaited 20-year development plan
The framework includes targets for housing, commercial development, infrastructure and energy usage. Read more…
HS2’s Venner: ‘We’ve proven with Euston that the government can do business’
HS2 commercial development director Tom Venner on drumming up private sector interest. Read more…
How to use social media to help develop a career in real estate
In the latest episode of Bricks & Mortar, Susan Freeman, partner at Mishcon de Reya, discusses modern networking. Listen
UK offices: how flexible will landlords be in 2019?
Ongoing trends in the office market highlight importance of flexibility for growth. Find out more
Scroll down to see 07 January 2019 round up
Khan steps in on Desmond’s Westferry Printworks plans
The Mayor of London Sadiq Khan has called for revisions to Richard Desmond’s EIA application for the regeneration of the former Westferry Printworks Read more…
Fusion Students sells £232m property portfolio as investors pour into sector
Arlington and Equitix forge joint venture for student housing spree Find out more…
10 predictions for the property industry in 2019
Read EG Damian Wild’s predictions for 2019
Helsby hands over the Savills reins
Jeremy Helsby talks to EG before Christmas about his plans for the future
Lancer executives win unfair dismissal case
John Kevill and Duncan Ferguson have won their unfair dismissal claims against Astrea Read more
Scroll down to see 17 December round up
Altus CEO outlines real estate’s biggest opportunity
Altus Group’s Bob Courteau on the role of tech and data in the real estate industry Read more…
EG’s most-read stories of 2018
Discover this years top real estate news from the year, as selected by our readers Read more…
TechTalk Radio: PropCoin on pivoting and prospering as crypto wobbles
Emily Wright and Sam McClary meet the founders of PropCoin as they navigate the ups and downs of cryptocurrency in real estate Listen
2018 in numbers: the highs and lows from retail to offices
We’ve boiled down the facts and figures to help you make sense of the past 12 months Discover more
Manchester approves £35m school of digital arts
The new premises will “transform the learning experience of students” Read more
Scroll down to see 10 December round up
Mike Ashley: How landlords can help save ‘dead’ high streets
The Sport Direct chief executive has called for an online sales tax Read more…
EG take a look behind the scenes at Birmingham’s Arena Central, which Miller is selling to Kier Watch
Hewlett-Packard closes in on Manchester’s Circle Square
HP is in talks to become first major occupier at Bruntwood and Select Property’s 1.2m sq ft scheme Find out more…
British Land to sell remaining Debenhams stores
The landlord has appointed CBRE to market the department stores in Bournemouth, Cardiff, Chelmsford and Chester Read more…
Why Mastercard could be the key to smart cities network
The former CTO of New York City is hoping Mastercard will become a global leader in city development Listen
Scroll down to see 03 December round up
What the future holds for intu
Intu has agreed terms to sell three properties for a total of £25.3m Read more…
Horses, Harleys and how to almost get arrested: meet JLL’s Katie Kopec
During a 35-year career, Kopec has played important roles in many of London’s landmark developments Listen to the latest EG podcast
Knotel: Why we severed ties with CBRE
Knotel’s chief executive Amol Sarva on ditching CBRE over flexible office plans Read more…
Virgin Media moves UK HQ to Reading
Virgin Media is moving its UK headquarters to Mapletree’s Green Park Business Park in Reading Find out more…
Call for developers to give public a voice
Report suggests Britain needs “a less adversarial way” to allow more development. Discover more…
Scroll down to see 26 November round up
WeWork’s relationship with agents in the spotlight
WeWork has begun approaching occupiers directly for its scheme at London’s Southbank, causing agents to ponder how much further the company will disrupt their way of working Read more…
Hub and Smedvig get green light for £250m Maidenhead regen
HUB and Smedvig have received consent for their plans to redevelop the Landing site in Maidenhead, Berkshire. Find out the plans for town centre scheme which comprises six buildings.
Norges ups Shaftesbury stake for second time this month
Norges Bank Investment Management has edged up its stake in Shaftesbury to just over 23%. Read more…
Runway East to expand into Manchester
Co-working operator Runway East is seeking up to 40,000 sq ft of office space in Manchester as it looks to open its second regional office. Find out more…
Five retailers sign deals at Oxford’s Westgate
Landsec and the Crown Estate have signed up five retailers across 69,200 sq ft ahead of Christmas. Read more…
Scroll down to see 19 November round up
Palmer and Wrenbridge to sell Unilever’s Colworth base for £66m
Palmer and Wrenbridge are hoping to capitalise on growing interest in investing the UK Growth Corridor Read more…
Khan calls in planning on two major London schemes
The mayor will veto refusals from the Conservative-led boroughs of Barnet and Kensington & Chelsea Read more…
First look inside Amazon’s new Manchester office
EG takes a look inside the revamped Edwardian office that drew in a global tech giant Watch
U+I initiative will try to improve the reputation of public private partnerships Listen
London office completions hit 14-year high
DELOITTE CRANE SURVEY: Office space under construction in London fell 13% from April to September Find out more…
Scroll down to see 12 November round up
Is Avison young right to buy gva?
There are many, many reasons why a deal between GVA and Avison Young makes sense. And maybe just one reason why it does not. Read EG David Hatcher’s comment
Hong Kong’s CK Asset eyes slice of Capco’s Earls Court
CK Asset Holdings is in discussions to buy into Capital & Counties’ beleaguered Earls Court scheme Discover more
MIPIM NEW YORK: Brookfield’s Ric Clark on the slow road to tech adoption Find out more
What London’s offices will look like in 2030
FUTURE OF LONDON: Follow the panellist debate on the issues in store for the capital’s property industry.
Real estate companies around the world are adopting strategies to embrace technology. Read how one company is taking the term literally
Scroll down to see 05 November round up
Budget 2018: the property sector wants answers
Did Hammond’s budget deliver? Find out the reaction and analysis from the industry.
London office market remains stable in face of uncertainty
EG’s LOMA Q3 analysis reveals an overwhelming sense of déjà vu. View the full report here
Centre Point agents stood down as London resi market is ‘detached from reality’
The company led by chief executive Mike Hussey has “stood down” CBRE and Knight Frank on the 82-flat scheme “until further notice”. Discover more
Dandara appoints Rothschild for £400m PRS sale
UK developer Dandara has appointed Rothschild to sell its £400m regional PRS portfolio. Find out more
WATCH: EG talks with EG Tech award winner Dan Hughes
Scroll down to see 29 October round up
London Executive Offices buyer unmasked
The buyer of the £475m serviced office business London Executive Offices can be revealed as the family office of a telecoms entrepreneur. Find out more
Watch EG’s tour of Coal Drops Yard, the latest development to open at the regeneration of King’s Cross, N1
Apache puts prime £150m student block up for sale
Apache Capital Partners has put one of the most valuable student blocks in the UK up for sale Find out more
Wiredscore secures L&G backing
The digital rating scheme has raised a fund to address growing global demand from occupiers Discover more
What’s it really like studying for a career in property?
As the new academic term gets into full swing, EG gets the inside track from current undergraduates.
Scroll down to see 22 October round up
GVAs Dovey to head L&G’s long-income team
GVA executive board member to become fund manager’s head of annuity transactions Find out more
Amazon closes in on €400m deal with South Koreans
Korea Investment Corporation is in exclusive talks to buy three state-of-the-art industrial assets Learn more
How the O2 plans to conquer leisure with retail
AEG has extended The O2 in order to diversify the 1.2m sq ft complex and attract more footfall. EG take a preview tour.
Bricks and Mortar: Soft skills are key to professional development
Listen to Brecher partner Nicky Richmond as he offers practical advice for those starting a property career.
Debenhams boss: “Right now, property is our biggest challenge”
Sergio Bucher says hard choices lie ahead as retailer seeks to define a new future for retail stores. Read how he see there is a need to work in partnership to define a new future for physical retail.
Scroll down to see 15 October round up
CBRE rapped by Advertising Standards Agency
The company misled investors on one of its London schemes, the ASA found Read more
First look inside Deloitte’s new London HQ
Take a first look around the financial services firm’s newly remodelled HQ in New Street Square.
Will May woo London councils away from Labour funding?
Theresa May has pledged to lift the strict cap on council borrowing for new developments Find out more
A sterling story that may spring surprises
Read why Savvas Savouri thinks the Brexit effect may have unexpected consequences for the UK currency
British Land’s bold vision for 1-2 Broadgate
British Land and joint venture partner GIC have submitted a planning application to redevelop 1-2 Broadgate, EC2. Find out more
Scroll down to see 08 October round up
Brookfield prepares bid for £2.1bn intu
EG reveals investment giant Brookfield is preparing a bid for beleaguered shopping centre owner intu Properties.
Prime development site put up for sale on South Bank
Gaterule has put 25 Lavington Street, SE1, on London’s South Bank up for sale for around £80m. Find out more
IBM launches search for new central London HQ
IBM is looking to relocate from its home on the South Bank, where it has been based for nearly 50 years. Read more
Tchenguiz’s Kensington Hilton sold for £260m
Hotel at the centre of a legal dispute has been bought by Cola Holdings for around £260m Find out more
Cash and great connections on offer in the EG Tech Academy
The clock is ticking for submissions to enter EG’s Tech Academy, a competition for pre- and post-revenue tech start-ups. So, if you want to see your business and idea flourish, click here for more details.
Scroll down to see 01 October round up
Knight frank unleashes diversity x factor with eight new boards
The Knight Frank X initiative is part of a new drive to enhance the diversity of the business Find out more
EG Awards 2018: property celebrates the great and the good
Read the profiles of this year’s award winners and find out what gave them the edge over the competition.
Galliard buys into Royal Mail site in Vauxhall
Galliard has bought a site at the former Royal Mail sorting office in Vauxhall for £25m. Find out more
First look inside Budweiser’s new London base
Brewing giant AB InBev is believed to have taken a 15-year lease at the Bureau office scheme Watch EG’s tour of the new premises.
Is the next wave of Hong Kong cash on the horizon?
Is London about to see a marked increase in investment from the region? Find out more
Scroll down to see 24 September round up
This year’s EG Awards: bigger and better than ever
With Olympic medallist and former sprint and hurdling world champion Colin Jackson interviewing winners, and comedian Sara Pascoe hosting, this year’s EG Awards were bigger and better than ever. View the video highlights and some of the night’s top tweets.
Linkedin closes Farringdon HQ deal
LinkedIn has completed a deal to establish a new London headquarters at Viridis Real Estate’s Ray Building in Farringdon, EC1. Find out more
Blackstone and Telereal strike £750m debt deal to fund Arches buy
Blackstone and Telereal Trillium have sourced around £750m of debt to back their acquisition of Network Rail’s £1.46bn Arches portfolio. Read more
Data centres: are you missing a trick?
As high-speed internet usage grows, so does the demand for places to house that data – and where there is demand, there is opportunity. Watch, as EG dives into the world of data centres to explore the key things you need to understand in a silently booming market.
EG Question Time: Glasgow retail under fire
Underinvestment in the city’s once-famous retail offer, planning inefficiencies and a dearth of serviced office opportunities prompted debate at EG’s Glasgow Question Time
Scroll down to see 17 September round up
Lone Star decides fate of £2.25bn Quintain
Lone Star has reached a decision over the future of Quintain and its giant PRS Wembley Park project after weeks of painstaking negotiations and an impasse between the parties involved. Read more
Blackstone and Telereal to buy £1.5bn Arches portfolio
Network Rail has selected a preferred party to buy its £1.46bn Arches portfolio in one of the most anticipated real estate deals of the year. Find out more
Read the recollections of leading industry figures who were at the centre of the storm, the lessons they have learnt as a result and whether they think another collapse may be on the horizon.
Raw Talent: Meet EG’s Rising Stars 2018
Another year, another crop of the real estate industry’s brightest young players. Ambitious, driven and innovative. Find out who this year’s 16 EG Rising Stars are.
London offices, 10 years after the Lehman collapse
I wonder if any given 10-year period in London’s office market has seen quite as much change as the decade since the Lehman Brothers collapse. Read EG’s analysis.
Scroll down to see 10 September round up
The Lehman Chronicles: 10 years after the collapse
Follow EG’s series of recollections from the industry’s most influential players looking back at the collapse of Lehman Brothers and the lessons that can be learnt from it.
BCO president Katrina Kostic Samen
The British Council of Offices’ new president, Katrina Kostic Samen, sets out her agenda to embrace diversity, inclusivity and modernity, as well as a focus on occupiers. Read more
Goldman Sachs to build £2bn later living business
Goldman Sachs has backed a new later living developer to build a £2bn London portfolio of luxury flats to take advantage of the growing trend for the rich and elderly to downsize. Discover more
If there is one venture capital tech investor that has the power and capital to shape industries, it is SoftBank. EG examines the key property-related investments it has made thus far and why.
Andrew Appleyard, head of residential and alternative real estate at Aviva Investors, has left the firm after 15 years. Read more
Scroll down to see 03 September round up
Will Stratford’s new music venue rival the O2?
The Madison Square Garden Company plans to disrupt the UK’s live entertainment scene with an 18,000-capacity spherical venue in London. Jayne McGivern, executive vice-president for development and construction, tells EG about it.
London’s shifting streetscape – before and after
Some of the capital areas have become unrecognisable in just a few years. EG looks at some of the capital’s development hotspots and what progress has been made since 2008. Take a look
Grosvenor readies strategic land drive
Grosvenor is planning to triple the size of its strategic land business, targeting a pipeline of 30,000 new homes in five years. Find out more
Blockchain: will ICOs wither and institutions take over?
Tune in to Tech Talk Radio with EG’s Emily Wright and guest co-host Karl Tomusk as they chat to Will Andrich, chief executive of real estate blockchain firm Thaler, about cryptocurrencies and more.
Is Manchester’s offices market overcooking?
There’s a considerable disparity between rents, take-up and availability in the city’s secondary market Read more
Scroll down to see 28 August round up
Controversial Bishopsgate Goodsyard plans cut back
In what will likely be heralded as a victory for local campaigners, the 38- and 48-storey towers have been dropped Find our more
The surprisingly large number of cranes in Vauxhall
EG visits Vauxhall schemes and looks at what has finished, what is being built, and what is still to come.
House of Fraser Oxford Street flagship saved from closure
House of Fraser’s flagship Oxford Street store will stay open after Sports Direct founder Mike Ashley signed new terms with its landlord Read more
EG Tech Academy: Meet the mentors
The 2018 intake for the EG Tech Academy has opened. Jon Avery from Legal & General Real Assets, one of the partners, advises how to make the most of your entry.
IWG strikes out into private clubs in Battersea Power Station
Business members club No18, part of IWG, has taken 40,000 sq ft at Battersea Power Station, SW8. The first UK space for No18 after deals in Sweden, the US and Switzerland. Read more
Scroll down to see 20 August round up
Strutt & Parker’s partners pocketed £84m in sale to BNP Paribas
Strutt & Parker’s partners made more than £84m in profit from the £116m sale of the firm to BNP Paribas last September, according to its last set of results filed at Company’s House. Read more
Two years ago, Jack Sibley was fresh out of university. Find out how he went from intern to tech lead for TH Real Estate and why his story should be an inspirational sign of things to come.
Masterplan submitted for England’s largest brownfield site
The site in York is to be turned into up to 2,500 new homes, as well as office, retail and leisure space and a new park. Learn more
Labour councils thwart Pocket plans in Greenwich and Haringey
Labour councils in Greenwich and Haringey have called in projects submitted by developer Pocket Living. Find out more
Historic England attacks British Land’s Canada Water plans
British Land’s proposed plans for Canada Water, SE16, have come under fire from Historic England over their likely adverse effect on London’s skyline and heritage assets. Read more
Scroll down to see 13 August round up
Hussey strikes deal for £290m soho block
South Korea’s KB Securities has pounced on another of the capital’s largest investment opportunities, placing 125 Shaftesbury Avenue, WC2, under offer, weeks after picking up another London office block that had been languishing on the market. Find out more
Shaftesbury chief exec: ‘Young people don’t want to work in a fuddy-duddy industry’
Brian Bickell would not have been chief executive of Shaftesbury if he had listened to his own advice. For more on Bickell’s career and his thoughts on subjects from Brexit to tech and Love Island, listen to the latest Tomorrow’s Leaders podcast
Can struggling Docklands be revitalised?
After 18 months of underperformance, how can the Docklands get back on track? Discover what figures from Radius Data Exchange reveal.
Did House of Fraser’s landlords make the right call?
While the initial dispute highlighted the industry’s increasing defiance against the controversial insolvency process, the outcome has garnered some scepticism from critics. Learn more
IWG explores sale-and-leaseback as bidders drop away
IWG is exploring a sale-and-leaseback of its real estate in order to extract value from the company after interested parties in the company failed to register a formal bid. Read more
Scroll down to see 06 August round up
City of London to consolidate and relocate London’s markets
The City of London Corporation has said it plans to consolidate Billingsgate, New Spitalfields and Smithfield markets under one roof and has appointed Lambert Smith Hampton to undertake the search for a 100 acre site to relocate them to. Find out more
NHS appoints 12 property partners for ‘healthy’ towns
Learn who the NHS England has selected as partners to back its “healthy new towns” initiative, which aims to create healthier places to live in the UK.
Council leader urges CapCo to return Earls Court estates
Hammersmith & Fulham Council leader Stephen Cowan has written to residents of the two estates involved in CapCo’s Earls Court development, following the company’s latest set of financial results. Find out more
Avison Young buys Wilkinson Williams
The out-of-town retail specialist’s 16 staff will move over to Avison Young, with Miles Marten, Paul Wilkinson, James Potter, Grant Imlah, Mark Phelps, David Marsden, Paul Simpson and Peter Phillips joining as principals. Read more
UK agents split over threat posed by WeWork’s new business line
The flexible workspace giant has launched a new division, WeWork Space Services, which aims to provide leasing advice to small- and medium-sized tenants. This will involve helping them find new office space both within their own property portfolio and outside it. Discover more
Scroll down to see 30 July round up
Hansteen agrees majority sale to Warehouse REIT
Hansteen has agreed a £460m deal with listed competitor Warehouse REIT that will see it sell almost 70% of its assets. Read more
£1.5bn Arches update: Terra Firma lines up backing as Blackstone has a wobble
Guy Hands’ Terra Firma Capital Partners is lining up backers for its bid for Network Rail’s £1.5bn Arches portfolio. Find out more
How true advice lies in what the data means
Click here, to listen to the benefits of sharing data for industry players of all sizes in this week’s Radius Data Exchange podcast.
Tishman Speyer’s revamp of The Economist’s former home takes shape
Tishman Speyer is partway through a circa £20m refurbishment of the former West End home of The Economist. EG went for a look around with the firm’s UK boss, Dan Nicholson. Watch
Conservative Westminster and Labour mayor Khan lock horns on estate regen
London mayor Sadiq Khan has taken away £23.5m in funding from Westminster City Council’s regeneration of Church Street and its estates, after the council refused to hold another residents’ ballot. Read more
Scroll down to see 23 July round up
Exemplar spin-off buys £300m Paddington project
YardNine, the developer formed out of Exemplar, has clinched a major mixed-use development project in Paddington. Read more
City ‘must avoid Oxford Street pedestrianisation debacle’
City of London stakeholders in the eastern cluster have been warned against making the same blunders as those associated with now-defunct proposals to pedestrianise parts of Oxford Street. Find out more
Crown appoints Stanhope for £250m West End tower revamp
The Crown Estate is considering a £250m comprehensive refurbishment of one of the West End’s tallest buildings. Read more
Galliard eyes £300m central London return in Camden
Galliard is in talks with supermarket chain Morrisons to buy a £300m scheme in Camden, NW1, in a return to the inner London property market. Find out more
Tech titans crowned at EG’s first tech awards
EG celebrate property’s tech sector at its inaugural Tech Awards. Click here to view the winners.
Scroll down to see 16 July round up
Shortlist revealed for £2.3bn Quintain
Find out which four bidders have been taken through to the second round to acquire Lone Star’s £2.3bn Quintain, the country’s largest build-to-rent opportunity, including two would-be new entrants to the UK PRS market.
Another co-living scheme goes back on the market
London’s co-living sector has suffered a fresh blow as another site hits the market after planning consent was not achieved. Read more
Henderson Park in £94m West End buy
Nick Weber’s Henderson Park has made its latest splash in the London offices market with a £94m acquisition in Marylebone. Find out more
Amazon to sell €400m multi-storey sheds portfolio
Online retail behemoth Amazon has put a portfolio of its own state-of-the-art, multi-storey logistics warehouses up for sale for around €400m. Read more
Tech titans crowned at EG’s first tech awards
The shining lights in property’s tech sector have been named in EG’s inaugural Tech Awards.
Click here to view the winners and finalists in each of EG’s Tech Awards categories. Follow the full story on Twitter and Instagram at #egtechawards18
Scroll down to see 09 July round up
Grimsey plans for a bold, new retail world
GRIMSEY REVIEW 2: Retail veteran releases his second independent report – but what are his 25 key recommendations? Read more
Did you make your mark at the JLL Property Triathlon?
Watch: Thousands of property’s fittest (and, seemingly, their dogs) descended on Dorney Lake in Berkshire last week for the JLL Property Triathlon to raise money for homeless charity Crisis.
Deka bags Victoria office block for more than £450m
Deka has placed Tishman Speyer and PSP Investments’ Verde office block in Victoria, SW1, under offer for more than £450m, representing a circa 4.5% yield. Read more
Landmark Whitechapel refusal overturned in victory for London developers
A major residential scheme in Whitechapel, E1, recently granted planning permission by an inspector on appeal, could have far-reaching effects on housing densities in inner London. Read more
It’s not about shopping, says co-author of Grimsey Review 2
EG’s retail analyst James Child speaks to co-author Matthew Hopkinson and insolvency expert Nick Hood about initial reactions to the recommendations set out in the report. Listen
Scroll down to see 02 July round up
What future for our town centres?
During the past year we have seen an exceptional number of well-known high-street names closing stores, or even going out of business: from Poundworld, Toys R Us and Maplin to M&S and House of Fraser, writes Mark Prisk MP. Read more
What do the top property execs earn?
Property chief executives’ bonuses rose by 17% in the 2017/18 financial year. However, two saw their pay decrease by double figures… who were they. Read more
Occupiers demand offices à la carte
A recent report by Cushman & Wakefield caught my eye. It said that flexible workspace providers took more than 21% of central London office space in 2017, and accounted for four of the top 10 biggest takers of space in the past five years, writes Tim Roberts, head of offices at British Land. Read more
Chronicling the rise and fall of tycoon Sir Philip Green
When The Sunday Times’s new business editor Oliver Shah sits down with EG for its latest Property Podcast, he jokes that he is “battle-hardened” after years of run-ins with the subject of his book, Sir Philip Green. Click here to listen to the full podcast.
John Lewis to close multiple Waitrose stores as profits dip
John Lewis is set to close five Waitrose stores, including at least one in London, as well as two Little Waitrose outlets in Manchester and one in Birmingham. Read more
Scroll down to see 25 June round up
17 things to know about Cushman & Wakefield’s IPO
Cushman & Wakefield has issued a revealing 334-page preliminary prospectus ahead of its IPO. EG picks out 17 juicy bits to digest. Read the list
Is the flexible working model sustainable?
Co-working is booming, but many providers are setting themselves up for a fall with business models and approaches that are unsustainable, says Natasha Guerra, chief executive of Runway East. Read more
Better infrastructure will open up the North
Considering the disproportionate benefit urban areas have for the economy – 8% of UK land produces 60% of its output – we should find up-and-coming markets to invest in. Find out more
Let’s go shopping for shops
It has been a tough year for the retail sector but investors are still avid buyers of shops at auction. Acuitus chairman Richard Auterac offers some advice
LLDC fails to medal
Nearly six years after the London Olympic Games, the London Legacy Development Corporation has completed just 259 homes, according to EG Radius Data Exchange. See the data
Scroll down to see 18 June round up
Thompson to leave Brookfield
Former Great Portland Estates executive director, Neil Thompson is to leave Brookfield after only a year at the development giant. Read more
London’s Bow Creek: Goldmine or supply glut?
Watch EG’s first documentary of London’s Bow Creek, where an incredible 20,000 homes are in the pipeline from some of the sector’s biggest names.
Holyoake refused permission to appeal
The Court of Appeal has rejected Mark Holyoake’s bid to challenge a high court ruling dismissing his £100m-plus claim against Christian and Nick Candy. Read more
The future is modular
Modular, off-site manufacturing, MMC, precession engineering. Whatever you want to call it (as long as it’s not ‘prefab’), after years of talking the talk, it finally appears to be making inroads. Watch
Oxford Street pedestrianisation plans scrapped
Plans to pedestrianise parts of London’s Oxford Street are “off the table for good”, Westminster City Council has announced. Read more
Scroll down to see 11 June round up
Not for sale – what’s next for Cluttons?
Cluttons UK is not for sale, nor are any parts of the UK business following on from the sale of its Middle Eastern arm to Savills. Read more
British Land in talks to buy Fizzy Living
A deal would be the biggest nod yet to the establishment of the private rented sector as a mainstream asset class in the UK, with a blue chip UK REIT buying in a new arm to establish itself in the market. Find out more
Why we ‘WeWorked’ and what we have learnt
What happens when you put a traditional, Mayfair-based private equity business into a trendyflexible office space? Read the experiences of Kent Gardner and John Slade of Evans Randall.
Crown sells 50% stake in Fort Kinnaird to M&G
The Crown Estate has sold its 50% stake in Edinburgh retail centre Fort Kinnaird to M&G Real Estate in a £167.3m deal. Find out more
BPF calls for urgent government review on CVAs
The British Property Federation has called on the government to conduct an urgent review of company voluntary arrangement processes, among concerns they are being “misused” Read more
Scroll down to see 04 June round up
Facebook takes entire WeWork Soho location
The tech giant has agreed a deal to occupy all of the office space WeWork has let from Almacantar at 125 Shaftesbury Avenue, WC2. Read more
Property trio attempt 100 Climbs challenge
Read more about Dominic Millar, James Findlater and Graham Salisbury’s epic charity cycle around Great Britain.
Bristol’s ‘King’s Cross’ unlocked
Billions of pounds worth of investment is close to being unlocked in Bristol as mixed-use developer Square Bay and Bristol University have snapped up two regeneration sites at Temple Quarter. Read more
Indian billionaire says GLA is blocking Silvertown bid
The Indian billionaire behind the surprise bid for the development of Silvertown Quays, E16, says his plans are being blocked by the Greater London Authority. Read more
REWIRE MEETS: Bidwells managing director Catherine Spitzer
You may not have heard of Catherine Spitzer. But by the end of this piece, I can guarantee you will want to add her to your contacts. Why? Because the managing director of Cambridge-based Bidwells is refreshingly unproperty, knows the value of disconnecting, values her people and takes her kids up mountains. Intrigued? Read on
Scroll down to see 29 May round up
The £2.5bn Wembley PRS sale: Quintain’s push for scale
Quintain’s investment memorandum for the £2.5bn sale of the UK’s largest-ever PRS development includes detailed proposals for expanding the business to a 30,000-flat operator by 2028. Read more on the Key considerations for Wembley.
BPF slams Next over ‘CVA clause’
The British Property Federation has condemned fashion retailer Next for demanding a “CVA clause” when renegotiating leases. Next said: “A ‘CVA clause’ levels the playing field, and keeps it level going forward, should the circumstances of surrounding retailers change over time.” Read more
Empty space equal to 72 Shards could hit London office market
Nearly 36.5m sqft of London office space could be left empty over the next five years as lease breaks and expiries rise. Read more
Living near a Crossrail 2 station could cost Londoners £120m pa in infrastructure tax
Owners of 315,000 residential properties across the capital could be hit by a potential new tax to pay for Crossrail 2, according to research from EG’s Radius Data Exchange.
Eight things millennials really want (in the workplace)
The EG Workplace of Tomorrow conference revealed the things millennials most want, with salary still coming top of the list. Read more
Scroll down to see 21 May round up
Blackstone reveals its European real estate strategy
More listed M&A and a plan to team up with blue-chip partners to help deploy the new core-plus fund. EG talks to Blackstone’s head of European real estate James Seppala about his new job.
How to pay for an office without using cash
Primalbase has launched its own cryptocurrency for its co-working space in Amsterdam and with its first space in London set to open, EG takes a look at how its model works.
Why we need to talk about mental health
As part of Mental Health Awareness Week, EG interviews two property figures about how wellness should be a vital element of any business’s responsibility to staff.
Secondary shopping centre sales tell a story
We are seeing assets being sold for perhaps the first time in a decade, reflecting the transformation in how we shop and how shopping environments are responding to that, says Richard Auterac. Read more
WeLive submits first London plans
WeWork subsidiary WeLive has submitted plans for its first London site, near Old Street Roundabout, EC1. What does the co-living sector need to do to get the all-important stamp of approval from the GLA?
Scroll down to see 14 May round up
EQT Explores GVA Sale
The private equity owner of GVA has begun market-testing appetite for a sale of the business and has sent out teaser documents to prospective interested parties. Read more
GVA SALE: Where does the buyer come from?
EG’s head of news and finance, David Hatcher looks at what makes GVA an attractive business proposition. Read more
Radius Data Exchange powers up as major agents commit
CBRE, JLL, Savills, Colliers International, GVA, Knight Frank, BNP Paribas Real Estate and Gerald Eve have become the first major UK real estate agents to commit to sharing their data via Radius Data Exchange. Find out how the data platform can help you secure more business.
RETAIL: Survival of the fittest?
EG’s retail analyst, James Child investigates why the retail landscape is seemingly heading face-first into apocalypse. Read more.
TECH LIVE: Using technology to get closer to your customers
Find out how you can use data to achieve more robust pipelines and transform the way you do business. Register here for Tech Live on 12 June.
Scroll down to see 08 May round up
What do the local election results mean for property?
Expectation that Labour could turn the map red in London have been ill-founded, with the Conservatives holding on to some of the capital’s most high-profile boroughs. Does that mean the election was a damp squib? Not quite.
From Lendlease in Haringay, to the chief executive of Cain Hoy defending public private partnerships and the Editor’s reaction, catch up on the local election results and what they mean for property here.
London office agent league table has a number one
LOMA Q1 figures from Radius Data Exchange reveal the top office agents across London’s submarkets – Find out which agent has taken the overall crown?
The stores at risk from the ASDA and Sainsbury’s merger
Sainsbury’s has said its proposed £12bn merger with Asda does not include any planned store closures. However, the companies’ combined 2,800-store portfolio is expected to come under the scrutiny of the Competition & Markets Authority.
EG’s Radius Data Exchange mapped all Sainsbury’s and Asda stores across the country. Find out more
Landlords hit out at House Of Fraser CVA
Read what the property industry had to say on the conduct of retail chain House of Fraser as it prepares to launch a CVA next month.
TECH LIVE: Using technology to get closer to your customers
Join EG for Tech Live on 12 June to find out how you can use data to achieve more robust pipelines and transform the way you do business.
