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News
Rethinking London’s green belt: From constraint to critical infrastructure
21+ hour, 46+ min ago (377+ words) For decades, green belt policy has largely been viewed through the lens of what development it prevents. But London’s future challenges suggest a different conversation is needed. LUC has supported the Greater London Authority by producing evidence-based components to support…...
Bidwells doubles size of Bristol office
2+ day, 22+ min ago (267+ words) Bidwells has doubled the size of its Bristol office with a series of new hires. The office, which is under the guidance of Chris Clover and Sarah Davies, is expanding both its project management and building surveying teams with Bidwells…...
MCR acquires former Leeds HQ of Direct Line
2+ day, 19+ hour ago (200+ words) MCR Property Group has acquired 42 The Headrow in central Leeds for an undisclosed price. The company intends to undertake a comprehensive refurbishment of the former headquarters of Direct Line, which is located on the corner of Albion Street Planning permission…...
Building climate resilience into office conversions
2+ day, 16+ hour ago (541+ words) BE News Building climate resilience into office conversions Over the past decade, more than 103,0001 former commercial buildings have been converted into homes under permitted development rules, while applications for commercial-to-residential conversions have increased by 58% since 2022. The repurposing of underused office…...
Japanese restaurant chain signs for Covent Garden site
2+ day, 23+ hour ago (217+ words) BE News Japanese restaurant chain signs for Covent Garden site Shaftesbury Capital has let a circa 8,000 sq ft unit in Covent Garden, London, to premium causal dining restaurant group KIBOU Japanese Kitchen & Bar. The site at 1a Tavistock Street, which will…...
SEGRO board “minded to recommend” Prologis’ £14bn ‘best and final’ offer
3+ day, 2+ hour ago (220+ words) The board of SEGRO said it was “minded to recommend” the £14bn ‘best and final’ offer for the company submitted by Prologis. The terms of Prologis’ fourth and final proposal comprise 0.0920 new Prologis shares for each SEGRO share and a partial…...
Soho Estates submits plans for immersive visitor attraction in Leicester Square
3+ day, 19+ hour ago (221+ words) BE News Soho Estates submits plans for immersive visitor attraction in Leicester Square Soho Estates has submitted plans for a permanent large-format immersive visitor attraction in Leicester Square in London’s West End. The company estimates the 50,000 sq ft LSX attraction…...
Prologis submits £14bn ‘best and final’ offer for SEGRO
3+ day, 18+ hour ago (255+ words) Prologis has submitted a ‘best and final’ takeover offer of £14bn for SEGRO. The proposal consists of 0.0920 new Prologis shares for each SEGRO share – a 9.5% increase on Prologis’ initial proposal – and a partial cash alternative of up to £3.5bn, representing 25% of the…...
Managed office space in London rose by nearly 582% from 2020 to 2025, research finds
4+ day, 18+ hour ago (299+ words) BE News Managed office space in London rose by nearly 582% from 2020 to 2025, research finds Managed office space in London increased by 582% from 2020 to 2025, according to new research produced by JLL in partnership with Kitt. The ‘From Void to Value: Managed…...
Allsop raises £30m at July commercial auction
5+ day, 18+ hour ago (122+ words) Allsop raised £30m at its July commercial auction from the sale of 41 lots, reflecting a success rate of 80%. The average lot size reached £713,000 with 10 lots selling for more than £1m. Investor appetite remained particularly strong for value-driven opportunities, with 12 lots achieving net…...