Building (£) Teams from Multiplex, Mace Construct and Bovis are all set to make presentations to JP Morgan Chase about how they would build its new headquarters building in Canary Wharf. building.co.uk/news/london-to…
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WSJ (£) Nearly a third of (Blackstone’s real estate) senior MD’s have left over the past three years as its funds have slumped. Nadeem Meghji, global head of real estate, shocked the firm when he said he was departing to spend more time with his family.
wsj.com/real-estate/co…
wsj.com/real-estate/co…
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Mail: “Lord Charlie Banner became embroiled in a furious row with wealthy neighbours after building the wooden structure above his family's home in ultra-exclusive South Kensington without first securing planning permission.” Silly man. dailymail.com/news/article-1…
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BD (£) HTA Design has submitted plans to build a 29-storey scheme of 1,300 homes on a former gasholder site near the O2 Arena. The Millennium Way scheme is a JV between student accommodation developer Scape, developer Fifth State and landowner SGN Ltd.
bdonline.co.uk/news/hta-submi…
bdonline.co.uk/news/hta-submi…
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FT (£) Blackstone is doubling lock-up periods for some Asian investors in its flagship retail private equity fund to four years to prevent a repeat of the waves of redemptions from its property and credit funds. ft.com/content/97215e… via @FT
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Mail: A US billionaire has won the right to build a 'grotesque' mansion in the Cotswolds after government officials overruled local opposition. Ronald Burkle was given permission for a six-bedroom retreat in Little Tew after years of fighting villagers.
dailymail.com/news/article-1…
dailymail.com/news/article-1…
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FT (£) Manchester developer ordered to pay £46.5mn cost of post-Grenfell repairs. A property tribunal has ruled against Urban Splash, co-founded by Tom Bloxham, finding that most of the costs of fixing defects should not be borne by the public. ft.com/content/f78e2a… via @FT
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MEN: The email stated that papers for public loans to Abu Dhabi and Renaker - a property developer - had not been shared. It also included correspondence sent to the Greater Manchester mayor asking questions about council’s purchase of central retail park.manchestereveningnews.co.uk/news/greater-m…
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My EG (£) column this week: Will City twin-towers rivalry slow both 300m skyscrapers? Plus the £40m valuation negligence claim facing Savills and Avison Young from a lender to Bob Bull’s collapsed prefab retirement homes empire, once valued at £1.9bn. eg.mydigitalpublication.co.uk/articles/news?…
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Building (£) Multiplex has been carrying out pre-construction advice on plans to build a 70-storey office tower in the City. The London tower specialist has been helping out the development team with the scheme at Exchequer Court.
building.co.uk/news/multiplex…
building.co.uk/news/multiplex…
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CoStar (£) Leading UK commercial real estate adviser Ryan Dean dies.
costar.com/article/142134…
costar.com/article/142134…
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FT (£) The greenbelt backlash in Andy Burnham’s backyard; “When the developer Tritax Big Box first sought to build part of a vast freight hub on Wigan’s greenbelt, the Labour-led council was supportive….”
ft.com/content/3ae956… via @FT
ft.com/content/3ae956… via @FT
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FT (£) ….restaurant says Crown Estate had offered to pay the same rents the estate would have collected from office tenants..the estate said such proposals did not meet “our responsibilities as stewards of this heritage-listed building”. ft.com/content/e1a7e7… via @FT
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Green Street (£) British Land “focuses on creating leaner and more efficient business that removes siloes.” Early show of teeth by new CEO Joanne McNamara. greenstreetnews.com/article/britis…
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House builder Vistry to shutter 13 out of 25 regional offices, by firing unnumbered members of staff in “difficult but necessary process of reducing headcount” in attempt to reduce £800m of debt in a market that is going nowhere.
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Unite restructure sees chief operating officer and PR head leaving and three others promoted to the executive board including Will Atkinson as Group Property Director as student bed business concentrates on posher uni’s.
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DTel (£) The Supreme Court confirmed on Tuesday that it will hear the case between Aubrey Weis, a property entrepreneur, and the Greater Manchester Combined Authority (GMCA), reviving scrutiny of the Prime Minister’s time as mayor.
telegraph.co.uk/business/2026/…
telegraph.co.uk/business/2026/…
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Times (£) For the first time in more than 30 years, house prices in the UK are set to go for two years without rising.
Savills expect house prices across the UK to be flat, on average, this year before falling 1.5 per cent in 2027.
thetimes.com/business/econo…
Savills expect house prices across the UK to be flat, on average, this year before falling 1.5 per cent in 2027.
thetimes.com/business/econo…
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