MORNING NEWS: Crown absorbs JLL teams to create property management division

Good morning. Here’s your daily round-up of the latest news and views from EG and a collection of real estate-relevant headlines from the national papers. The Crown Estate has taken over the JLL property management teams acting on its London portfolio, to create its own in-house property management division. Earlier this week, the firm appointed former JLL director William Maugham as head of property management for its St James’s portfolio, SW1. Maugham is set to be joined by more JLL colleagues at the estate, including the finance team that supports its London portfolio. The City of London Corporation has deferred its decision on whether to approve Perennial Group and Stanhope’s proposals to develop 1 Undershaft, EC3, slated to be one of London’s tallest towers. The 74-storey office development was previously recommended for approval by planning officers. At 309.6m, it would match the height of the Shard. The debate, held by the planning committee yesterday, largely focused on the loss of public space in the southern square. Councillors decided that minor adjustments needed to be made to the proposals in relation to street-level public realm provisions. The decision came after Lloyd’s of London chairman Bruce Carnegie-Brown lodged a last-minute objection to the scheme. In Lincolnshire, discount grocer Lidl has won a High Court case quashing planning permission granted to rival Aldi. Lidl disputed East Lindsey District Council’s decision to grant Aldi planning consent for a new store on the outskirts of Horncastle. Lidl’s lawyer argued that the council should have considered a proposal from its client at the same time. In a ruling handed down at the planning court in Leeds, Judge Dan Kolinsky said adopting a “first past the post” approach was not appropriate in that situation. His decision means that neither supermarket has permission to build a store and must seek planning approval again. All of the news from EG, plus a selection of headlines from the nationals:Tritax Big Box receives Moody’s credit rating upgradeLone Star Funds reaches $5.3bn final close for opportunity fundCrown Estate takes on JLL London property management teamGary Neville’s Relentless sets Manchester resi sales recordCushman appoints Yorkshire and North East regional managing partnerBPF appoints Frogmore chief as junior vice presidentCOMMENT: Who is winning the West End’s battle for retailers?LondonMetric appoints leasing agent for 100,000 sq ft leisure spaceLidl blocks Aldi’s plan for Lincolnshire storeMaslow Capital backs 174-home Liverpool schemeClapham Pret A Manger on the menu in latest Allsop catalogueGreenridge bags Waitrose and John Lewis store in IpswichDVS Properties sells pair of Audi showrooms for £12.5mHomeware retailer expands at Prologis in CoventryFrasers closes deal to buy Doncaster shopping centreCrown Estate nabs JLL director to oversee St James’s estateCity defers planning decision on 1 Undershaft skyscraperBarings and Panattoni buy Doncaster site for 1.2m sq ft spec shedBL and Aviva secure M&S for former Debenhams Bath storeUK senior housing facing 46,000-home shortfallEli Lilly boss warns planning system blocks investmentGlasgow BTR site hits the market for £10mAbrdn signs trio of tenants for Milton Keynes officeGet Living redraws Elephant and Castle plansWealthy sell UK assets amid fears Labour would raise capital gains tax (£)UK property rents on the rise again (£)Hawksmoor restaurant chain up for sale (£)Itsu taps Savills as it eyes doubling of store estateMarks & Spencer denies giving up on the high street (£)