MORNING NEWS: Build-to-rent, Birmingham and backtracking

In the news this morning, three bidders have been taken through to the next round in Transport for London’s joint venture to build and manage a 3,000-home build-to-rent portfolio. Click here for the full story from EG.

Also today, EG takes a look behind the scenes at Birmingham’s Arena Central in light of HBSC’s recent occupation, advancements at the Municipal Bank and Kier Property’s proposed acquisition.

And, finally, EG gauges opinion on the government’s refusal to back a full overhaul of the UK’s land value capture system.

Government is right to dither over the planning system – for now

Watch: What next for Arena Central?

TfL reveals shortlist for 3,000-home BTR jv

UK councils face struggle to recoup private-sector cladding costs

Sir Terry Morgan resigns as chairman of Crossrail and HS2

Brexit optimism is a big deal for housebuilders

Patisserie Valerie turns to temporary finance chief

Debenhams passes its own stress tests

Exodus? What exodus? City offices in demand