MORNING NEWS: Office refurbs rocket to new high
Good morning. Here is your morning round up of the latest news and views from EG, along with a few significant stories from the daily papers.
Refurbishments in central London have hit a record high, according to Deloitte’s latest Crane Survey. A total of 37 refurbishment schemes have started, amounting to 3.2m sq ft, in the six months to March.
Meanwhile, inflation is finally coming down, with official figures showing a fall back to single digits for the first time in eight months.
Good morning. Here is your morning round up of the latest news and views from EG, along with a few significant stories from the daily papers.
Refurbishments in central London have hit a record high, according to Deloitte’s latest Crane Survey. A total of 37 refurbishment schemes have started, amounting to 3.2m sq ft, in the six months to March.
Meanwhile, inflation is finally coming down, with official figures showing a fall back to single digits for the first time in eight months.
UBS Asset Management and Reef have submitted plans for a £900m life sciences campus in Stevenage.
The chair of the House of Commons Public Accounts Committee has backed calls for an investigation into the Teesworks freeport project.
Meanwhile, housing secretary Michael Gove is rethinking his decision to block a Berkeley housing development because he thought it was ugly.
The proportion of new homes being sold off-plan is falling rapidly as demand from landlords wanes.
And voters appear to be backing Labour on housing, after speeches by Sir Keir Starmer and the prime minister opened up a clear divide between the opposition and the government.
The owner of Wagamama is facing pressure from shareholders to split itself up.
And the abolition of VAT-free shopping has hurt the entire hospitality ecosystem, says Harvey Nichols boss Manju Malhotra.
And finally, the latest Sunday Times Rich List makes for good reading, as always. This year it features a number of real estate’s most famous faces, naturally, including David and Simon Reuben in fourth place with £25.4bn.
