News

MORNING NEWS: TfL homes in on big plans

News

Piers Wehner

13 July 2021

Good morning.

Transport for London’s new property company could deliver nearly 50,000 homes by unlocking a further 280 acres of development. But only if it can raise £2bn.

Meanwhile Center Parcs(£) will spend £400m building a sixth UK holiday village. The west Sussex site could allow owner Brookfield to sell the business.

Savills has found itself at the centre of the furore over racist comments(£) made to England’s football squad. It has suspended a member of staff over a racist tweet as its stock dipped slightly.

Most real estate stocks had a lift yesterday, as the prime minister confirmed that ‘freedom day’ will go ahead on 19 July. But by urging “extreme caution”(£), the PM is effectively making businesses and individuals responsible for whatever happens next.

The wording of the announcement has left workplaces in limbo. “We’re removing the Government instruction to work from home where you can, but we don’t expect that the whole country will return to their as one desks from Monday,” the PM told the nation.

However, the House of Commons will return to full capacity on 21 July. This is despite the head of the civil servants union calling the return “downright reckless”.

Meanwhile, William Hague writes in The Times (£) that to get ahead, you need to get back to the office asap.

The boss of London-listed Globalworth Real Estate Investments has agreed to sell his stake to allow a takeover by CPI Property Group and Aroundtown.

Peabody and partner London Square have launched a consultation over new plans for 980 homes at Holloway Prison, N7.

But house sales have plunged since the effective end of the stamp duty holiday. Knight Frank has said the market has “taken a pause for breath”.

Good weather(£) and the ‘summer of sport’ have helped retailers(£) record the fastest quarterly growth on record.

The FT (£) looks at why some landlords are giving space away.

The Trump Organization(£) has stripped its finance chief of his directorships following charges for tax fraud.

And finally, TikTok has opened its first UK pop-up venue at Westfield’s west London shopping centre. The TikTok For You House will be open until 8 August, offering fans a chance to interact with influencers, and parents a chance to find out what any of it means.

Good morning. Transport for London’s new property company could deliver nearly 50,000 homes by unlocking a further 280 acres of development. But only if it can raise £2bn. Meanwhile Center Parcs(£) will spend £400m building a sixth UK holiday village. The west Sussex site could allow owner Brookfield to sell the business. Savills has found itself at the centre of the furore over racist comments(£) made to England’s football squad. It has suspended a member of staff over a racist tweet as its stock dipped slightly. Most real estate stocks had a lift yesterday, as the prime minister confirmed that ‘freedom day’ will go ahead on 19 July. But by urging “extreme caution”(£), the PM is effectively making businesses and individuals responsible for whatever happens next. The wording of the announcement has left workplaces in limbo. “We’re removing the Government instruction to work from home where you can, but we don’t expect that the whole country will return to their as one desks from Monday,” the PM told the nation. However, the House of Commons will return to full capacity on 21 July. This is despite the head of the civil servants union calling the return “downright reckless”. Meanwhile, William Hague writes in The Times (£) that to get ahead, you need to get back to the office asap. The boss of London-listed Globalworth Real Estate Investments has agreed to sell his stake to allow a takeover by CPI Property Group and Aroundtown. Peabody and partner London Square have launched a consultation over new plans for 980 homes at Holloway Prison, N7. But house sales have plunged since the effective end of the stamp duty holiday. Knight Frank has said the market has “taken a pause for breath”. Good weather(£) and the ‘summer of sport’ have helped retailers(£) record the fastest quarterly growth on record. The FT (£) looks at why some landlords are giving space away. The Trump Organization(£) has stripped its finance chief of his directorships following charges for tax fraud. And finally, TikTok has opened its first UK pop-up venue at Westfield’s west London shopping centre. The TikTok For You House will be open until 8 August, offering fans a chance to interact with influencers, and parents a chance to find out what any of it means.