News

headlines and more


Liverpool hangs onto "World Heritage in Danger" status

Liverpool hangs onto "World Heritage in Danger" status

20 June 2017

The area between the Three Graces on the Waterfront to St George's Hall and Lime Street Station was granted World Heritage Status in 2004. However, planned waterfront development has placed Liverpool on the "World Heritage in Danger" list since 2012.

 

UNESCO papers have reportedly proposed maintaining status quo this year, but consider its revocation next year.

Rebecca Thompson heads CIOB

Rebecca Thompson heads CIOB

19 June 2017

As the new president of the Chartered Institute of Building (CIOB), she aims to promote inclusitivity, training and conservation.

 

Ms Thompson launched Thompson Heritage Consultancy in 2016 and is a lecturer of Building Studies at York College.

 

Assuming the role fo senior vice president is Chris Soffe, president and chief executive  of Gleeds America.

 

New member of Monetary Policy Committee appointed

New member of Monetary Policy Committee appointed

19 June 2017

Professor Silvana Tenreyro will commence a three year term on 3 July.  She replaces Kristin Forbes, whose term ends at the end of June.

 

Fed raises interest rates while Bank of England holds

Fed raises interest rates while Bank of England holds

16 June 2017

Citing strength of economic growth and job market, the US Federal reserved raised interest rates by 0.25% to 1.25%, the highest since 2008.

 

While the Bank of England kept the interest rate at 0.25%, two more members of the Monetary Policy Committee favoured a rate rise for a 5-3 vote, due to concern over inflation in recent months.

 

May orders public enquiry into Grenfell Tower fire

May orders public enquiry into Grenfell Tower fire

15 June 2017

The fire engulfed the 24 storey 1970s tower block in the early hours of 14 June, killing at least 17 people.

 

The recently refurbished tower block has reportedly been the subject of safety concern voiced by residents for several years.

 

Alok Sharma named as new housing minister

Alok Sharma named as new housing minister

14 June 2017

The MP for Reading West since 2010, Sharma will work with Sajid Javid, the reappointed Secretary of State for Communities and Local Government.

 

Inflation hits a four year high

Inflation hits a four year high

13 June 2017

The Consumer Price Index (CPI) registered a 12-month inflation of 2.9% in May, the highest since June 2013.  The Office of National Statistics (ONS) cites the rising cost of recreational and cultural goods and services as the biggest contributor to the rise.

 

Meanwhile CPIH (including owner occupier' housing costs) 12-month inflation was 2.7%, and is the highest since April 2012.

 

For ONS details, click here >

1.4m sq ft West End office space under offer in May

1.4m sq ft West End office space under offer in May

13 June 2017

This is the highest level of commercial office space under offer on record. According to CBRE, under offers increased by 6% across Central London to 6.8m sq ft.

Gavin Barwell loses his seat; Michael Gove back in cabinet

Gavin Barwell loses his seat; Michael Gove back in cabinet

12 June 2017

The former Minister of State for Housing and Planning and Minister for London lost his seat in Central Croydon to Labour's Sarah Jones.  Barwell served in the post for less than a year, and was the 14th Housing Minister since 1997.  He has since been appointed Chief of Staff.

 

The cabinet reshuffle also sees the appointment of Michael Gove as Environment Secretary.

 

For more on the new cabinet, click here >

Greystar puchases two plots at Royal Mails' Nine Elms site

Greystar puchases two plots at Royal Mails' Nine Elms site

6 June 2017

Greystar, a US residential developer, plans to introduce 894 build-to-rent apartments with a range of amenities in partnership with Telford Homes.

 

The 2.67 acre site reflects the first two of seven plots on the Royal Mail masterplan, which features a future primary school and a significant portion of the linear park through the Nine Elms area.

 

Read more about the masterplan >

 

 

1 Finsbury Avenue secures planning consent

1 Finsbury Avenue secures planning consent

6 June 2017

The 393,000 sq ft refurbishment of the Grade II listed building renews 287,000 sq ft of Grade A office space, while introducing a range of retail and leisure uses on the ground and basement levels. 

 

The scheme forms the part of the ongoing modernisation programme at Broadgate, owned by British Land and GIC, which has also recently secured planning consent for 2-3 Finsbury Avenue.

 

Read more about Broadgate >

Sale completed for The Leadenhall Building

Sale completed for The Leadenhall Building

26 May 2017

The £1.15 bn sale to CC Land, a Hong Kong listed property and investment group, is the second biggest sale of a single UK building, behind the HSBC tower in 2014.  The 225-m Leadenhall Building was developed and owned by a JV between  British Land and Oxford Properties.  Completed in 2014, the building achieved record rents in the City of London and is fully let with an average remaining lease term of over 10 years to break.

 

Read more on The Leadenhall Building >

 

 

 

 

 

RIBA publishes "Building a Global Britain"

RIBA publishes "Building a Global Britain"

24 May 2017

The manifesto, published in the run up to the General Elections, outlines the RIBA's recommendations to the Government to support sustainable communities and built environment while ensuring the sector continues to thrive post-Brexit.

 

Read the manifestor here >

 

Affordable housing starts rise 13% in 2016 but completions dropped 5%

Affordable housing starts rise 13% in 2016 but completions dropped 5%

23 May 2017

The National Housing Federation has cited uncertainty following the rent cuts in April last year as a factor for the drop.

 

The report also notes regional differences in affordable housing delivery, where homes delivered via the S106 mechanism accounted for over 60% in the South East, South West and East, as compared to under 20% in London.  Grants aided 79% of completions in the North West, compared to 48% in London and 43% in the South West.

 

For the full briefing, click here >

Manchester resi construction increases by 400% over the last two years

Manchester resi construction increases by 400% over the last two years

19 May 2017

Research conducted by Manchester Place, an inward investment company set up by Manchester City Council and the HCA, reports that the number of units under construction in the city centre increased from 986 in March 2015 to 4,954 as of March this year.

 

A majority of the units being built are build to rent. The population in the city centre is projected to rise by 5.5% a year.

 

 

 

BL launches branded flexible floorspace at 2 Finsbury Avenue

BL launches branded flexible floorspace at 2 Finsbury Avenue

19 May 2017

British Land is planning to launch its flexible floorspace brand next month, to "capture incremental demand from the increasing number of small businesses taking space in London as well as meeting a growing need amongst our existing occupiers for flexible space for specific projects and teams." 

 

The initial launch will include 80,000 sq ft, including office space at Broadgate and Ealing shopping centre.

 

Find out more about 2 Finsbury Avenue >

 

 

London office construction levels slightly down but completions at 13 year high

London office construction levels slightly down but completions at 13 year high

17 May 2017

According to Deloitte's Crane Survey for London office, which tracks construction activity in seven for the six months to 31 March 2017, the highest level of construction activity is in the City of London with 10 new starts in that period.  Midltown and Southbank recorded biggest increase in office development activity at 9% and 6% respectively.

 

See the survey report here >

Lloyds Bank returned to private ownership

Lloyds Bank returned to private ownership

17 May 2017

The Government has sold remaining shares in the bank, which received a £20bn bailout in 2008.  Lloyd's Bank has said that the Government will see a £21.2bn return.

 

The Royal Bank of Scotland remains 73% owned by taxpayers.

General elections delay decision on Crossrail 2

General elections delay decision on Crossrail 2

15 May 2017

The Strategic Outline Business Case was submitted in March 2017, with the decision anticipated for summer 2017. 

 

The decision will now likely be made in early 2018.

1 Triton Square achieves resolution to grant

1 Triton Square achieves resolution to grant

12 May 2017

The development comprises major refurbishment of 1, 4, 7 Triton Square, including over 170,00 sq ft of addtional office space with a three storey extension, provision of affordable workspace and improvements to the ground level and public realm.

 

The development also incorporates 22 affordable units in the former St Anne's church site.

 

 

 

Dublin most attracive European city for hotel investors

Dublin most attracive European city for hotel investors

12 May 2017

The list compiled by Savills takes into such considerations as value per room, GDP growth, yields and stock. 

 

While London has greater numbers of overseas visitors, buoyed by the weakened pound, it ranks fourth as it remains one of the most expensive markets for hotel investment.

 

Have a look here >

Latest RICS survey shows stagnating residential market

Latest RICS survey shows stagnating residential market

12 May 2017

RICS's April 2017 UK Residential Market survey results indicate a continuing, gradual decline in residential sales, enquiries and listing. However, there is an upward trend in house prices nationally, although certain regions including London, East Anglia and the North have experienced a drop.

 

In the lettings market, demand, instructions and rents have remained relatively unchanged.

 

View the report here >

Services sector grows for ninth month in a row

Services sector grows for ninth month in a row

4 May 2017

April data reported by the Markit/CIPS purchasing managers' index (PMI) has indicated the sharpest rise in UK business activity since December 2016, with job creation at a four month high. The rise has been linked to such factors as strength in business to business demand, new products, and sales to overseas clients.

 

While 47% of those surveyed are optimistic about the business activity outlook, this is moderated by concerns about inflation.

 

Read more here >

MP reports over half of new homes built by eight largest firms

MP reports over half of new homes built by eight largest firms

3 May 2017

The Communities and Local Government committee report said that there is little incentive for these housebuilders to deliver more quickly and more affordably due to the need to recover investment. To speed up housebuildig, the select committee has called for the government to support smaller housebuilders, and for local authorities and housing associations to increase building activities. It has also urged the government to address skills shortage at school level and support modern methods of construction.

 

To read the report, click here >