Good morning,
Conservative grandees and the author of the party’s last manifesto have told the two candidates to be the next prime minister to focus more on levelling up. They say they are concerned that Liz Truss and Rishi Sunak appear to be ignoring the agenda, which a recent poll shows is far more popular than Brexit.
The City regulator has set out tougher rules on the marketing of schemes such as crowdfunding, peer-to-peer lending and minibonds. The move was brought about by the 2019 London Capital & Finance property investment scandal, which sank with £237m of investors’ money.
Coventry City’s football stadium could be up for sale, along with the club itself.
Specialist European real estate investor Blackbrook has bolstered its logistics portfolio with a 400,000 sq ft scheme in Doncaster. The £50m-plus development, bought from a regional logistics player, is set to complete in July next year.
The Court of Appeal’s decision on Covid rent claims last week leaves tenants with only three options: pay, negotiate or arbitrate, write Guy Fetherstonhaugh QC and Elizabeth Fitzgerald. With the deadline of 23 September fast approaching, it’s going to be a busy summer.
The average rent in student halls of residence now swallows up 75% of the maximum available student loan. Unless you get in to somewhere like Bristol or Manchester, in which case it is 97%.
JD Sports is selling the 65-store Footasylum chain for the knock down price of £37.5m, three years after buying it for £90m.
Those expecting higher mortgage rates and the cost of living crisis to take the heat out of the housing market may have to wait, according to new research from Zoopla.
Estate agents in Edinburgh have warned that limiting the number of Airbnbs will harm the market.
Scottish care home operator Simply UK is planning to expand to 60 sites in the UK by 2026.
And plans for a Highlands freeport at Inverness and Cromarty Firth have received the backing of whisky giant Whyte & Mackay.
The Taliban has started construction work on a tourism complex just metres from the cliff that once held the Bamiyan Buddha statues – until the Taliban blew them up in 2001.
And finally, where there’s a will there’s a bitter battle. A couple in France probably thought they were doing a kind a charitable thing when they left their modest, €6m property portfolio(£) to their tiny village. But now Fresnes-sur-Apance is the scene of a major feud over what to do with the bequest. The will asked that it be invested in a retirement home, which would then give the 147-resident village a solid income. But the new mayor says that will actually cost more than was left, especially if the other condition – putting fresh flowers on the couple’s tomb – is also met.
