Administrators Bring 244-Bed Preston PBSA Scheme to the Market
Knight Frank is marketing a 244‑bed purpose‑built student accommodation (PBSA) project in Preston that was developed by the now‑collapsed landlord Innovation Court. The property is listed for around £9.75 million, roughly $12.5 million. Administrators are seeking a buyer to unlock value from the distressed asset. The sale comes as the UK student housing market remains tight, with demand outpacing supply in many university towns.
Vistry and L&Q Win Consent for 405 East London Homes
Vistry Group and London & Quadrant (L&Q) have secured planning consent from Barking and Dagenham Council for the next phase of the Beam Park regeneration, adding 405 new homes in east London. The approval is part of a broader 4,000‑home...
MEAG Buys Prime Dublin Office From Henderson Park
MEAG, the asset‑management arm of Ireland’s sovereign wealth fund, has purchased a prime office building in Dublin’s central business district from Henderson Park. The 89,900‑square‑foot property includes ground‑floor retail space and is fully let to tenants, delivering immediate rental income. The...
Campaign Group Threatens Legal Action Against Leasehold Reforms
Justice for Property Rights, a UK campaign group, announced it will mount a legal challenge against the Commonhold and Leasehold Reform Bill. The legislation seeks to cap ground rents on new leasehold properties, a move the group labels as "state‑backed...
Tameside Council Acquires 151,502 Sq Ft Shopping Centre in Ashton
Tameside Council has purchased the 151,502‑square‑foot Ladysmith Shopping Centre in Ashton, a deal supported by the Greater Manchester Combined Authority’s Good Growth Fund. The acquisition is a cornerstone of the council’s wider regeneration agenda for the town, aiming to rejuvenate...
La Caisse and Vita Set to Buy PBSA Portfolio with Nearly 3,200 Beds
French pension fund La Caisse and UK student‑housing specialist Vita have agreed to purchase a private‑backed student accommodation (PBSA) portfolio from DWS. The assets comprise roughly 3,200 beds spread across Manchester, Glasgow, Edinburgh, Leeds, Birmingham and Newcastle. The transaction expands...
Reeves to Unveil Planning Protections for Power Plants
The UK Chancellor’s upcoming planning reforms will allow Parliament to designate certain energy projects as “critical national importance.” This label streamlines the approval process and narrows the scope for judicial review, effectively shielding power‑plant developments from legal challenges. The policy...
Rockwell Loses Appeal over 28-Storey Battersea Bridge Resi Plan
Rockwell’s appeal to build a 28‑storey residential tower on Battersea Bridge was dismissed by a planning inspector. The inspector found the scheme breached both the London Plan and Wandsworth’s local plan, citing adverse effects on the area’s character and appearance....
South Ribble Rejects Story Homes’ 1,300-Property Green-Belt Scheme in Lancaster
South Ribble Council has rejected Story Homes' proposal to build the 1,300‑home Cuerdale Garden Village on green‑belt land near Lancaster. The council cited the development's scale and its potential impact on the surrounding countryside as key reasons for the veto....
Number of Housing Completions Enabled by Homes England Rises to 40,200
Homes England reported that housing completions it enabled reached 40,200, an 11% year‑on‑year increase in construction starts. The agency also identified land capable of delivering another 61,700 homes, expanding its pipeline. These figures reflect the government’s push to meet the...
Big Is Back for Central London Office Occupiers as Expansions Hit Six-Year High
Central London office occupiers added a net 3.82 million square feet in 2025, the strongest expansion since 2019 and the sixth consecutive year of growth. The surge reflects renewed confidence among tenants, especially in technology and financial services, after years of...
Cameron Homes Greenlit for £39m Uttoxeter Resi Scheme
Cameron Homes has secured planning approval for a £39 million residential development on the former Bamford Works factory site in Uttoxeter, England. The scheme, valued at roughly $50 million USD, will transform the brownfield location into a new housing community. Cameron Homes...
Salboy Group on Its Move Into the Trendy Aparthotel Market
Salboy Group announced the launch of its new Hidden brand, marking the developer’s entry into the fast‑growing aparthotel segment. The Hidden brand will debut with five properties in major UK cities, targeting business travelers and remote‑work professionals seeking flexible, hotel‑grade...
Renewables Firm Rivington Energy Plans Lincolnshire Solar-Powered Data Centre
Rivington Energy, a UK renewables specialist, announced plans to develop a solar‑powered data centre in Lincolnshire. The facility will generate electricity on‑site from photovoltaic panels and use it to run high‑density computing hardware, aiming to slash the carbon intensity typical...
PBSA Veteran Butler Hires Greystar’s Langton to Lead New Living Platform
Butler, the founder of Student Roost and a veteran of purpose‑built student accommodation (PBSA), has announced a new living platform aimed at the broader UK rental market. The venture secured roughly £500 million (about $635 million) in backing from AustralianSuper, one of...