Five things you might have missed last week

EG rounds up what’s happened in the real estate market



Quintain's Wembley PRS scheme
Find out which four bidders have been taken through to the second round to acquire Lone Star’s £2.3bn Quintain, the country’s largest build-to-rent opportunity, including two would-be new entrants to the UK PRS market.




London’s co-living sector has suffered a fresh blow as another site hits the market after planning consent was not achieved. Read more



Nick Weber’s Henderson Park has made its latest splash in the London offices market with a £94m acquisition in Marylebone. Find out more



Amazon warehouse

Online retail behemoth Amazon has put a portfolio of its own state-of-the-art, multi-storey logistics warehouses up for sale for around €400m. Read more



The shining lights in property’s tech sector have been named in EG’s inaugural Tech Awards.

Click here to view the winners and finalists in each of EG’s Tech Awards categories. Follow the full story on Twitter and Instagram at #egtechawards18


Scroll down to see 09 July round up

Grimsey plans for a bold, new retail world

GRIMSEY REVIEW 2: Retail veteran releases his second independent report – but what are his 25 key recommendations?  Read more

Did you make your mark at the JLL Property Triathlon?

Watch: Thousands of property’s fittest (and, seemingly, their dogs) descended on Dorney Lake in Berkshire last week for the JLL Property Triathlon to raise money for homeless charity Crisis.

Deka bags Victoria office block for more than £450m

Deka has placed Tishman Speyer and PSP Investments’ Verde office block in Victoria, SW1, under offer for more than £450m, representing a circa 4.5% yield. Read more

Landmark Whitechapel refusal overturned in victory for London developers

A major residential scheme in Whitechapel, E1, recently granted planning permission by an inspector on appeal, could have far-reaching effects on housing densities in inner London. Read more

It’s not about shopping, says co-author of Grimsey Review 2

EG’s retail analyst James Child speaks to co-author Matthew Hopkinson and insolvency expert Nick Hood about initial reactions to the recommendations set out in the report. Listen

Scroll down to see 02 July round up

What future for our town centres?

During the past year we have seen an exceptional number of well-known high-street names closing stores, or even going out of business: from Poundworld, Toys R Us and Maplin to M&S and House of Fraser, writes Mark Prisk MP. Read more

What do the top property execs earn?

Property chief executives’ bonuses rose by 17% in the 2017/18 financial year. However, two saw their pay decrease by double figures… who were they. Read more

Occupiers demand offices à la carte

A recent report by Cushman & Wakefield caught my eye. It said that flexible workspace providers took more than 21% of central London office space in 2017, and accounted for four of the top 10 biggest takers of space in the past five years, writes Tim Roberts, head of offices at British Land. Read more

Chronicling the rise and fall of tycoon Sir Philip Green

When The Sunday Times’s new business editor Oliver Shah sits down with EG for its latest Property Podcast, he jokes that he is “battle-hardened” after years of run-ins with the subject of his book, Sir Philip Green. Click here to listen to the full podcast.

John Lewis to close multiple Waitrose stores as profits dip

John Lewis is set to close five Waitrose stores, including at least one in London, as well as two Little Waitrose outlets in Manchester and one in Birmingham.  Read more

Scroll down to see 25 June round up

17 things to know about Cushman & Wakefield’s IPO

Cushman & Wakefield has issued a revealing 334-page preliminary prospectus ahead of its IPO. EG picks out 17 juicy bits to digest. Read the list

Is the flexible working model sustainable?

Co-working is booming, but many providers are setting themselves up for a fall with business models and approaches that are unsustainable, says Natasha Guerra, chief executive of Runway East. Read more

Better infrastructure will open up the North

Considering the disproportionate benefit urban areas have for the economy – 8% of UK land produces 60% of its output – we should find up-and-coming markets to invest in. Find out more

Let’s go shopping for shops

It has been a tough year for the retail sector but investors are still avid buyers of shops at auction. Acuitus chairman Richard Auterac offers some advice

LLDC fails to medal

Nearly six years after the London Olympic Games, the London Legacy Development Corporation has completed just 259 homes, according to EG Radius Data Exchange. See the data

Scroll down to see 18 June round up

Thompson to leave Brookfield

Former Great Portland Estates executive director, Neil Thompson is to leave Brookfield after only a year at the development giant. Read more

London’s Bow Creek: Goldmine or supply glut?

Watch EG’s first documentary of London’s Bow Creek, where an incredible 20,000 homes are in the pipeline from some of the sector’s biggest names.

Holyoake refused permission to appeal

The Court of Appeal has rejected Mark Holyoake’s bid to challenge a high court ruling dismissing his £100m-plus claim against Christian and Nick Candy. Read more

The future is modular

Modular, off-site manufacturing, MMC, precession engineering. Whatever you want to call it (as long as it’s not ‘prefab’), after years of talking the talk, it finally appears to be making inroads. Watch

Oxford Street pedestrianisation plans scrapped

Plans to pedestrianise parts of London’s Oxford Street are “off the table for good”, Westminster City Council has announced. Read more

Scroll down to see 11 June round up

Not for sale – what’s next for Cluttons?

Cluttons UK is not for sale, nor are any parts of the UK business following on from the sale of its Middle Eastern arm to Savills. Read more

British Land in talks to buy Fizzy Living

A deal would be the biggest nod yet to the establishment of the private rented sector as a mainstream asset class in the UK, with a blue chip UK REIT buying in a new arm to establish itself in the market. Find out more

Why we ‘WeWorked’ and what we have learnt

What happens when you put a traditional, Mayfair-based private equity business into a trendyflexible office space? Read the experiences of Kent Gardner and John Slade of Evans Randall.

Crown sells 50% stake in Fort Kinnaird to M&G

The Crown Estate has sold its 50% stake in Edinburgh retail centre Fort Kinnaird to M&G Real Estate in a £167.3m deal. Find out more 

BPF calls for urgent government review on CVAs

The British Property Federation has called on the government to conduct an urgent review of company voluntary arrangement processes, among concerns they are being “misused” Read more

Scroll down to see 04 June round up

Facebook takes entire WeWork Soho location

The tech giant has agreed a deal to occupy all of the office space WeWork has let from Almacantar at 125 Shaftesbury Avenue, WC2. Read more

Property trio attempt 100 Climbs challenge

Read more about Dominic Millar, James Findlater and Graham Salisbury’s epic charity cycle around Great Britain.

Bristol’s ‘King’s Cross’ unlocked

Billions of pounds worth of investment is close to being unlocked in Bristol as mixed-use developer Square Bay and Bristol University have snapped up two regeneration sites at Temple Quarter. Read more

Indian billionaire says GLA is blocking Silvertown bid

The Indian billionaire behind the surprise bid for the development of Silvertown Quays, E16, says his plans are being blocked by the Greater London Authority. Read more

REWIRE MEETS: Bidwells managing director Catherine Spitzer

You may not have heard of Catherine Spitzer. But by the end of this piece, I can guarantee you will want to add her to your contacts. Why? Because the managing director of Cambridge-based Bidwells is refreshingly unproperty, knows the value of disconnecting, values her people and takes her kids up mountains. Intrigued? Read on

Scroll down to see 29 May round up

The £2.5bn Wembley PRS sale: Quintain’s push for scale

Quintain’s investment memorandum for the £2.5bn sale of the UK’s largest-ever PRS development includes detailed proposals for expanding the business to a 30,000-flat operator by 2028. Read more on the Key considerations for Wembley.

BPF slams Next over ‘CVA clause’

The British Property Federation has condemned fashion retailer Next for demanding a “CVA clause” when renegotiating leases. Next said: “A ‘CVA clause’ levels the playing field, and keeps it level going forward, should the circumstances of surrounding retailers change over time.” Read more

Empty space equal to 72 Shards could hit London office market

Nearly 36.5m sqft of London office space could be left empty over the next five years as lease breaks and expiries rise. Read more

Living near a Crossrail 2 station could cost Londoners £120m pa in infrastructure tax

Owners of 315,000 residential properties across the capital could be hit by a potential new tax to pay for Crossrail 2, according to research from EG’s Radius Data Exchange.

Eight things millennials really want (in the workplace)

The EG Workplace of Tomorrow conference revealed the things millennials most want, with salary still coming top of the list. Read more

Scroll down to see 21 May round up

Blackstone reveals its European real estate strategy

More listed M&A and a plan to team up with blue-chip partners to help deploy the new core-plus fund. EG talks to Blackstone’s head of European real estate James Seppala about his new job.

How to pay for an office without using cash

Primalbase has launched its own cryptocurrency for its co-working space in Amsterdam and with its first space in London set to open, EG takes a look at how its model works.

Why we need to talk about mental health

As part of Mental Health Awareness Week, EG interviews two property figures about how wellness should be a vital element of any business’s responsibility to staff.

Secondary shopping centre sales tell a story

We are seeing assets being sold for perhaps the first time in a decade, reflecting the transformation in how we shop and how shopping environments are responding to that, says Richard Auterac. Read more

WeLive submits first London plans

WeWork subsidiary WeLive has submitted plans for its first London site, near Old Street Roundabout, EC1.  What does the co-living sector need to do to get the all-important stamp of approval from the GLA?

Scroll down to see 14 May round up

EQT Explores GVA Sale

The private equity owner of GVA has begun market-testing appetite for a sale of the business and has sent out teaser documents to prospective interested parties. Read more

GVA SALE: Where does the buyer come from?

EG’s head of news and finance, David Hatcher looks at what makes GVA an attractive business proposition. Read more

Radius Data Exchange powers up as major agents commit

CBRE, JLL, Savills, Colliers International, GVA, Knight Frank, BNP Paribas Real Estate and Gerald Eve have become the first major UK real estate agents to commit to sharing their data via Radius Data Exchange. Find out how the data platform can help you secure more business.

RETAIL: Survival of the fittest?

EG’s retail analyst, James Child investigates why the retail landscape is seemingly heading face-first into apocalypse. Read more.

TECH LIVE: Using technology to get closer to your customers

Find out how you can use data to achieve more robust pipelines and transform the way you do business.  Register here for Tech Live on 12 June.

Scroll down to see 08 May round up

What do the local election results mean for property?

Expectation that Labour could turn the map red in London have been ill-founded, with the Conservatives holding on to some of the capital’s most high-profile boroughs.  Does that mean the election was a damp squib? Not quite.

From Lendlease in Haringay, to the chief executive of Cain Hoy defending public private partnerships and the Editor’s reaction, catch up on the local election results and what they mean for property here.

London office agent league table has a number one 

LOMA Q1 figures from Radius Data Exchange reveal the top office agents across London’s submarkets – Find out which agent has taken the overall crown?

The stores at risk from the ASDA and Sainsbury’s merger 

Sainsbury’s has said its proposed £12bn merger with Asda does not include any planned store closures. However, the companies’ combined 2,800-store portfolio is expected to come under the scrutiny of the Competition & Markets Authority.

EG’s Radius Data Exchange mapped all Sainsbury’s and Asda stores across the country. Find out more

Landlords hit out at House Of Fraser CVA

Read what the property industry had to say on the conduct of retail chain House of Fraser as it prepares to launch a CVA next month.

TECH LIVE: Using technology to get closer to your customers 

Join EG for Tech Live on 12 June to find out how you can use data to achieve more robust pipelines and transform the way you do business.