British Land Plans to Expand Glasgow Fort with Scotland’s Largest M&S
British Land announced a major expansion of the Glasgow Fort shopping centre, adding Scotland’s largest Marks & Spencer store. The development will also introduce a suite of leisure facilities, creating the UK’s biggest combined retail‑leisure project since the pre‑COVID era. The plan positions Glasgow Fort as a new regional destination for shopping and entertainment, while reinforcing British Land’s growth strategy in the UK market.
Howard De Walden Seals £50m of Acquisitions at Harley Street Health District
The Howard de Walden Estate completed three acquisitions in London’s Harley Street Health District, spending roughly £50 million (about $62 million). The properties total 49,124 sq ft and will be redeveloped for a mix of healthcare, office and residential uses. The purchases were funded by...
Panattoni to Speculatively Develop Coventry Logistics Facility
Panattoni is building a 538,193 sq ft speculative logistics warehouse in Coventry, slated for practical completion in the first quarter of 2027. The facility will feature a 15 m clear internal height, 55 m yard depth, capacity for over 105,000 pallets, and 5.3 MVA of...
Persimmon Bucks Trend with ‘Strong’ Start to 2026 as Trading and Sales Rise
Persimmon reported a solid start to 2026, with private sales per outlet rising to 0.76 units per week, a 3% year‑on‑year increase, and forward sales up 5% to £2.46 bn (about $3.15 bn). Landholdings expanded 1% to 84,900 plots, while the builder...
Korean Beauty Firm Choses Indurent Park Derby for National Distribution Hub
PURESEOUL, a fast‑growing Korean beauty retailer founded in 2019, has signed a 10‑year lease for a 61,000 sq ft unit at Indurent Park Derby in England’s East Midlands. The space will serve as the brand’s UK national distribution hub, underpinning its plan...
Hammerson CFO Raja Announces Retirement
Hammerson CFO Himanshu Raja announced he will retire on 12 August, after five years steering the UK‑based REIT’s turnaround. Deputy CFO Richard Shaw will serve as interim CFO while the board launches a formal search for a permanent replacement. Raja will...
Dandara Appoints New Finance Director From Vistry
Dandara has hired Nic Davenport, formerly Vistry Group’s West division finance director, as its new divisional finance director for the house‑building arm. Davenport will oversee financial performance, regional expansion and strategic land acquisitions as Dandara pursues a five‑year plan to...
Wykeland Group Submits Revised Plans for Hull City Centre Hotel
Wykeland Group has lodged revised plans for a £25 million (≈$31.5 million) seven‑storey hotel in Hull city centre, featuring 122 rooms and a ground‑floor bar, gym, and business centre. The development targets the Moxy brand of Marriott International, positioning the property opposite...
Zedwell to Transform Trafalgar Buildings Into Hotel as Expansion Continues
Zedwell, the budget‑focused hotel brand owned by Criterion Capital, has received planning approval to convert the historic Trafalgar Buildings near Trafalgar Square into a 387‑room hotel covering over 88,000 sq ft. The redevelopment will retain the Grade‑II listed façades of two 19th‑century...
Vistry Wins Approval for 780-Home Essex Scheme
Vistry Group has won planning permission for a 780‑home mixed‑tenure development in North Weald Bassett, Essex, after a public consultation with Epping Forest District Council. The scheme will add a health centre, primary school, green spaces and other community facilities,...
Prime Central London Resi Sales Drop 24% Year on Year, JLL Reports
JLL’s Q1 prime central London index shows residential sales plunged 24% year‑on‑year, with only 350 homes exchanged – the lowest level since 2020. Total sales volume fell to £743 million (about $950 million), 28% below the two‑year Q1 average, while average prices...
US Casino Operator Eyes £225m Takeover of William Hill Owner Evoke
US casino operator Bally’s Intralot is weighing a £225 million (~$288 million) all‑share takeover of Evoke, the owner of William Hill and the 888 online casino brand. The proposal, which must be announced by May 18, may include a partial cash component. Evoke,...
Borough High Street Office Asset Goes on Sale for £33m
A private client has placed the freehold of 171‑191 Borough High Street on the market for more than £33 million (approximately $42 million), delivering a net initial yield of 7.35%. The 31,179‑sq‑ft office building is fully let to education provider Kaplan Financial...
Serviced Office Sector Under Threat From ‘Rogue’ £600m VOA Tax Hike
The Valuation Office Agency’s new rules shift full business‑rate liability onto serviced‑office operators and strip small‑business relief, creating an estimated £593.8 million (≈$754 million) annual cost for the sector. The average tenant will see overheads rise by about £5,400 (≈$6,860) per year,...
Watkin Jones Wins GW2 Approval for £101.7m Bristol PBSA Site
Watkin Jones, in joint venture with Maslow Capital, has secured gateway 2 (GW2) approval for its 484‑bed purpose‑built student accommodation (PBSA) on Malago Road in Bristol’s Temple Quarter. The scheme carries a gross development value of £101.7 million, roughly $127 million, and will...
Mapfre and Manova Partners Snap up Dublin Office Asset
Mapfre and Munich‑based Manova Partners have jointly acquired the Grade A office tower One Haddington Buildings in Dublin for their Stable Income European Real Estate Fund 2 (SIEREF 2). The four‑storey property offers roughly 40,903 sq ft of lettable space, 23 parking spots and is...
Shaftesbury Axes CBRE and Brings in Workman as New Property Manager
Shaftesbury Capital has terminated its five‑year managing‑agent relationship with CBRE, appointing Workman to run property management and operational finance from June. Workman will rely on Dexters for residential services, reflecting distinct regulatory needs. The London REIT oversees a 2.8 million‑sq‑ft portfolio...
Workspace Group Warns of ‘Substantial Step Down’ in Profit
Workspace Group warned that full‑year 2026‑27 trading profit will see a substantial step down, driven by lower starting rents, higher debt costs, asset disposals and rising operating expenses. Rent per square foot slipped 1.3% to £41.96 ($53) while total rent...
British Land Heralds AI and Tech-Led Rental Boost Across Campus Portfolio
British Land reported a 6% like‑for‑like rental increase in Q4, driven by a 12% surge in its campus portfolio as AI and tech firms signed new leases. London campuses logged 215 deals covering 1.692 million sq ft, highlighted by a 21‑year lease...
US Luxury Duo Set for European Debuts on Mayfair’s Mount Street
Two American luxury labels are launching their first European flagship stores on London’s Mount Street in Mayfair. New York designer Adam Lippes will debut a 2,100‑sq‑ft boutique in June, followed a month later by fine‑jewellery house FoundRae with a 2,300‑sq‑ft...
Knight Property Group Snaps up Glasgow Site for Speculative Industrial Development
Knight Property Group has purchased a six‑acre former Jewson depot at 55 Carnegie Road in Glasgow’s Hillington Park. The speculative scheme will deliver roughly 130,000 sq ft of high‑specification industrial accommodation, designed for flexible build‑to‑suit use. The development targets logistics, storage, manufacturing...
Allsop Releases 356-Lot Catalogue for April Resi Auction
Allsop released its fourth residential auction catalogue for 2026, featuring 356 lots across the UK, including 15 priced above £1 million. The headline asset is a freehold building of 102 self‑contained flats in Peterborough, guided at more than £7.5 million (about $9.5 million)...
GPE Toasts Record Year for Leasing as Fully Managed Momentum Continues
Great Portland Estates (GPE) closed its financial year with a record‑breaking leasing performance, signing 28 new leases and renewals in Q4. The 20 fully managed flex deals averaged £233 per square foot, delivering £24.4 m ($31 m) of annual rent and pushing...
International Parcel Firm Touches Down at SEGRO Park Axis Near Heathrow
Asendia, the joint venture of La Poste and Swiss Post, has signed a lease for an 81,500 sq ft Grade‑A warehouse at SEGRO Park Axis, a logistics park adjacent to Heathrow Airport. The site will be enlarged by 29,349 sq ft, raising the internal...
Brent Cross Town Secures £188.7m Refinancing of First BTR Assets
Related Argent secured a £188.7 million (≈ $236 million) refinancing from HSBC and Barclays for the first two build‑to‑rent assets of its Brent Cross Town masterplan in north London. The assets, branded The Maple, will deliver 540 homes alongside a 25 m pool, gym, co‑working...
Barratt Redrow Reiterates Guidance After Solid Q3 but Uncertain Backdrop Hits Land Buying
Barratt Redrow posted a solid Q3, delivering 3,273 homes—a 11.9% YoY decline—but reaffirmed its full‑year completions target of 17,200‑17,800 homes and pre‑tax profit outlook. Forward sales rose to £3.54 bn (≈$4.43 bn) with a 94% reservation rate, while net cash is now projected...
Edmond De Rothschild Looks to Sell £71m Resi Rental Portfolio
Edmond de Rothschild Real Estate Investment Management is marketing a portfolio of 405 rental homes across Glasgow, Nottingham, Newcastle and Leicester for more than £71 million (about $90 million). The four buildings, known as the Coyote Portfolio, comprise 235,973 sq ft and were constructed...
Greenshank Wins Approval for Nutrient Neutrality Scheme Set to Unlock up to 5,000 Homes
Greenshank Environmental, partnered with Dace Environmental, has secured approval for the Stodmarsh Stream Enhancement Scheme, a nutrient neutrality program aimed at unlocking between 3,000 and 5,000 homes in Kent’s Stour catchment in its first phase, with a second phase potentially...
Dublin Council Acquires Major Mixed-Use Development Out of Receivership
Dublin City Council has taken ownership of Camden Yard, a mixed‑use site comprising roughly 407,000 sq ft of office space and 299 residential units in the city centre. The development entered receivership after senior lender BentallGreenOak appointed Grant Thornton to recover the...
Spacemade Signs Pair of Flex Deals with London Landed Estates
Spacemade has secured two new flexible‑office locations in London, adding 17,000 sq ft at 22‑23 Bedford Square in Bloomsbury and 26,000 sq ft at 50 Queen Anne Street in Marylebone. Both deals are with historic landed estates—The Bedford Estates and The Howard de Walden...
UK to Require 62,000 New Rapid Chargers by 2030 to Meet EV Demand
Knight Frank’s latest report warns that the UK will need an extra 62,000 rapid EV chargers by 2030, requiring roughly 1,900 acres of land. The country’s electric‑vehicle fleet is expected to swell to 7.6 million vehicles, representing about 20% of all...
Bodycare Set for High Street Return with 25 Stores to Open by End of Year
Bodycare, the former 147‑store health‑and‑beauty chain, was bought out of administration in October 2025 by an investment group led by former Body Shop CEO Charles Denton. The new owners have signed six leases for flagship locations and plan to open...
Borough Yards Development Handed over to Lender Cheyne Capital
MARK Capital Management transferred its Borough Yards mixed‑use project to lender Cheyne Capital after a failed sale to True Capital Partners. Cheyne had previously provided a £123 million (~$155 million) loan to refinance the 160,000‑sq‑ft scheme, which was 75% let at the...
Young’s in £30m Swoop for Central London Pub Portfolio
Young’s Brewery announced a roughly $38 million acquisition of the Cubitt House portfolio, adding eight leasehold pubs in prime central London locations. The newly acquired sites include three Belgravia venues, plus pubs in Mayfair, Chelsea, Notting Hill and Marylebone, bringing Young’s...
Government Launches Voluntary Gender Pay Gap Action Plans
The UK government unveiled guidance urging companies with more than 250 employees to publish voluntary gender‑pay‑gap action plans alongside their annual pay‑gap data. The plans must detail steps to close pay gaps, support employees through menopause, and address broader menstrual...
Canmoor Acquires Birmingham Manufacturing Hub for £10.4m
Canmoor, a UK developer and asset manager, has purchased a Birmingham car‑component factory from the Canal & River Trust for £10.4 million (approximately $12.8 million). The 111,727 sq ft warehouse at Redfern Park Way, Tyseley, is currently leased to Sertec Group, which has spent years upgrading...
Two Thirds of Investors Boosted Their Healthcare Allocation in 2025, CBRE Finds
In 2025, 68% of real‑estate investors increased their healthcare allocation, driving roughly $12.5 bn into the care‑home sector, which represented 79% of all healthcare investment. The surge was anchored by Welltower’s $6.5 bn purchase of Barchester Healthcare and a $1.5 bn acquisition of...
Government’s £16bn National Housing Bank Opens for Business
Homes England has launched the National Housing Bank (NHB) with a £16 bn (≈$20.5 bn) capital base to fund 500,000 new homes. The bank aims to mobilise about £53 bn (≈$67.8 bn) of private capital through debt, equity and guarantee products, including £2.5 bn (≈$3.2 bn)...
Canary Wharf Gets Green Light for Revamp of 33 Canada Square
Canary Wharf Group has secured planning consent to refurbish the former 33 Canada Square, rebranding it as One Eden. The 545,000‑square‑foot office tower will be transformed into an all‑electric, mixed‑use building with retail, a possible rooftop restaurant, and extensive green...
Allsop Raises over £105m at Commercial and Resi Auctions
Allsop reported raising over £105 million (approximately $133 million) in two days of March auctions, splitting £60 million ($76 million) from a commercial sale of 70 lots and £45 million ($57 million) from a residential sale of 208 lots. The commercial auction posted an 88% success...
Muse and WCHC Get Green Light for Manchester Affordable Homes Scheme
Muse and Wythenshawe Community Housing Group have secured planning consent for Alpha House, a 125‑unit affordable‑rent development in Greater Manchester. The project forms part of a £500 m (≈$635 m) town‑centre regeneration masterplan that aims to deliver up to 2,000 homes over...
Retail Top Choice for Scottish Commercial Property Investors, Knight Frank Reports
Retail properties dominated Scottish commercial real‑estate investment in Q1 2026, representing over half of all spending. Investors placed roughly £216 million (about $274 million) into retail deals out of a total £387 million ($492 million) market. The average transaction size rose to £16 million ($20 million),...
Starbucks Announces Plans for 500 New Stores Across the UK
Starbucks announced a plan to open 500 new stores across the United Kingdom over the next five years, with more than 75 locations slated for this financial year. The expansion follows the recent closure of 10 UK sites, including six...
New Mac Mic Land Chief Exec Unveils 35,000-Home Expansion Plan
Mac Mic Land, a family‑owned land‑promotion firm, announced a plan to provide land for more than 35,000 homes across the United Kingdom. The company will increase its portfolio from 62 to 85 sites within six months under new chief executive...
Metrocentre Partners with Council for 4,500-Home Metro Riverside
Metrocentre has sealed a landmark partnership with Gateshead Council to launch Metro Riverside, a mixed‑use regeneration scheme on under‑used brownfield land. The development will deliver 4,500 homes, new transport links and leisure facilities, while creating roughly 5,000 jobs. It forms...
Tishman Speyer Snaps up Lazari’s Pall Mall Office
Tishman Speyer has purchased 50 Pall Mall, a prime grade‑A office building in St James’s, London, for roughly $78 million. The 33,888 sq ft property, built in 1913 and 87% occupied, was acquired from Lazari Investments, which bought it for £61 million in 2019. Tishman plans a...
Plus Dane Housing Wins £60m Loan From HSBC
Plus Dane Housing, a UK social‑housing association, has secured a five‑year loan facility of £60 million (approximately $76 million) from HSBC UK. The financing will be used to maintain its existing stock of homes and to fund growth targets outlined in its...
Aparthotel Locke to Open Sixth London Location in Canary Wharf
Edyn’s upscale aparthotel brand Locke is set to launch its sixth London property in Canary Wharf, a 19‑floor waterfront building with 279 rooms slated for a May opening. The development includes a ground‑floor communal café and a later‑opening rooftop restaurant...
Harbert Buys 535-Bed Liverpool PBSA Asset From Blacklight
Harbert European Real Estate (HERE) has purchased the 535‑bed Limelight student‑housing complex in Liverpool from Blacklight Capital Partners. The asset, spanning 162,554 sq ft, was previously marketed for over £61 million (approximately $78 million) but the final price remains undisclosed. Since opening in 2024,...
Octopus Capital and Bellway Plan128 Kent and Sussex Affordable Homes
Octopus Capital has entered a forward‑funding agreement with Bellway Homes to deliver 128 affordable homes across Kent and East Sussex. The project will comprise 30 units in Iwade, 77 in Hailsham and 21 in Bexhill, split between 89 rental units...