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EG's legal & professional editor Jess Harrold is joined by court reporter James Lumley to count down the 10 most significant property and planning law judgments handed down during 2024.
Their carefully curated list includes such classic staples as forfeiture and the right to manage, major developments in the law of nuisance, and hot topic of recent years including restructuring plans and the Building Safety Act 2022. Not only that, but the year's cases touch on two of the most famous (and well visited) locations in all of the UK. And, if that isn't enough, there is also Weetabix.
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Diversity of product offering has been key to surviving a difficult year plagued with economic and political uncertainty, according to Curchod & Co partner and registered valuer Piers Leigh.
Curchod & Co sits at the top of the Radius On Demand Rankings for Surrey, with 369,424 sq ft of occupation sales and lettings transacted over 89 deals in the year to date. It has also managed 72 deals in neighbouring Hampshire amounting to 321,751 sq ft.
Leigh believes that by having a broad range of property types on its books it has been able to pivot to where the demand is strongest over the course of 2024. He says industrial has accounted for the lion’s share of demand, but also says the retail sector has bounced back strongly in some locations but not all, while the office market is achieving super-prime rental figures.
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Brighton’s high streets are back in business with retail and leisure uptake pushing vacancy rates right down thanks in part to workers returning to the office, according to Newlands Property managing director Rich Lowrey.
Lowrey is October’s dealmaker of the month, topping the On Demand Rankings for combined deals in the South East with 11 completions totalling 19,603 sq ft. He also did more retail deals last month than anyone else in the UK.
The bounceback of the retail sector has definitely been felt in Brighton, says Lowrey, thanks to its cultural diversity and large student population which make it an attractive destination for retail start-ups. He also says the city benefits from a high proportion of local landlords who are more than willing to let to independent retailers.
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Jess Harrold is joined by Professor Nicholas Hopkins, the Law Commissioner for Property, Family and Trusts, to discuss the launch of the Law Commission's consultation on the Landlord and Tenant Act 1954 and the future of security of tenure for commercial tenants.
Hopkins outlines the background to the long-anticipated review of Part 2 of the 1954 Act, and explains the Commission's two-stage approach to the project, before presenting the four options for models of security of tenure on which views are being sought in this opening consultation.
Listen to the podcast, then have your say at the Law Commission website: https://lawcom.gov.uk/project/business-tenancies-the-right-to-renew/
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In this EG Property Podcast, EG editor Samantha McClary sits down with Grosvenor’s HR director Jo Banfield to talk about the changing nature of the employee/employer relationship. With fresh pressure on employers set to come with changes to National Insurance and the Employment Rights Bills, proper communication, trust and understanding between worker and employer has never been more important.
Throw a more varied workforce than ever before into the mix and things get even more complicated.
But if real estate businesses are committed to attracting and retaining the best talent to ensure that they continue to thrive in this changing world, understanding the importance of people is a vital skill.
Dive into this special EG Property Podcast if you’re committed to being a better business.
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Car parking and the availability of outside space is more important than environmental or sustainability considerations when it comes to attracting occupiers to the majority of industrial and office space, according to Sibley Pares associate Ned Gleave.
Sibley Pares tops the Radius On Demand Rankings for Kent in terms of deal numbers so far this year, with 94 completions totalling 344,000 sq ft of space.
Gleave, who operates largely across Kent’s industrial market, says environmental considerations such as solar panels and EV charging are still considered sweeteners rather than necessities and that parking is often a more important factor than the building itself. He is also hopeful a middle ground can be found regarding regulation on future EPC minimum standards.
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The industrial sector has made huge strides forwards in decarbonisation as landlords, tenants and even the customers of tenants all demand increasingly green credentials, according to Lambert Smith Hampton director of industrial and logistics Elise Evans.
Evans was the South East’s top industrial dealmaker in the Radius On Demand Rankings in September, with five deals totalling 68,201 sq ft of space. Among them was a 40,000 sq ft letting at Langstone Park in Havant in a building rated EPC A+ and powered entirely through rooftop solar PVs.
She says demand for the full spectrum of industrial classes remains strong on her south coast patch, where the docks of Southampton support a thriving logistics sector and advanced manufacturing and engineering flourishes further east.
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Legal & professional editor Jess Harrold is joined by Guy Fetherstonhaugh KC to discuss the Renters' Rights Bill currently making its way through parliament.
Fetherstonhaugh addresses the social context and political history of residential leasehol that has led to the bill, and its central feature - the abolition of section 21 "no fault" evictions.
He goes into detail on how the bill will reform the law in this area, and the ways in which it differs from the Conservative government's failed Renters (Reform) Bill.
Fetherstonhaugh outlines the other major provisions in the bill, and highlights some areas for improvement he hopes will be addressed as the bill proceeds through parliament.
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In this episode of the EG Property Podcast, EG editor Samantha McClary takes a deeper dive into a special roundtable event held in partnership with Montagu Evans at the London Real Estate Forum.
That discussion brought together a panel of leading experts to explore the evolving landscape of alternative living, focusing on the integration of multi-tenure and multi-generational communities in large-scale regeneration initiatives.
You can read a write up here: https://www.egi.co.uk/news/can-multigenerational-communities-solve-a-multitude-of-problems/In this discussion, Simon Century, managing director, housing, asset management division, at Legal & General, Matt Steere, data and insight director at Birchgrove, and Jon Neale, head of research and strategic insight at Montagu Evans take a deeper look at the barriers currently blocking the growth of multi-generational living in the UK.
Listen in as the trio discussion funding challenges, the need for greater understanding of the power of the living sector, and the need to turn traditional thinking on its head.
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In this episode of the EG Property Podcast, EG senior reporter Evelina Grecenko sits down with Tom Mellows, head of UK science at Savills, Michael Samuelian, founding director – Ubrna Tech Hub, Cornell Tech NYC, and Amy Hockley, head of innovation leasing at British Land to investigate London’s unique position to nurture the burgeoning science and technology sectors, and the role that the real estate sector can play to support this.
Listen in for lessons from the United States, how London is maturing and what landlords need to deliver to be able to attract best-in-class occupiers.
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Buckinghamshire is the entrepreneurial capital of England and the demand for space from small and medium sized businesses has helped sustain demand over what, for many, is a quiet summer period, according to Chandler Garvey director and head of agency Joanna Kearvell.
Kearvell managed seven completions in August, making her the South East’s leading dealmaker in terms of deal numbers.
She says demand is particularly strong for smaller-scale industrial units and believes the handbrakes need to come off to deliver more buildings of this type, not just for leasehold disposal but also for owner-occupiers.
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Britons fell in love with domestic holidays during the pandemic and the lingering appeal has primed the holiday park sector for a fresh round of inward investment, according to Christie & Co director of UK holiday and residential parks Jamie Keith.
Keith says visitor numbers are still up on 2019 levels following the frenzy of the pandemic years, when both bookings and transactional activity went through the roof.
He believes corporate interest in the holiday park market has been muted over the past 12 months because of high interest rates, but expects to see purse strings loosened over the coming months from both UK and overseas investors.
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LISTEN In this episode of the EG Property Podcast, EG's residential reporter Akanksha Soni sits down with Ealing Council leader Peter Mason, who has just been appointed as the local authority’s lead for planning and skills, in addition to his role as deputy chair of the Local Government Association.
Mason speaks about the tripartite collaboration of a Labour council, mayor of London and national government, and the borough's goal to deliver 4,000 affordable homes by 2025. Ealing’s overarching plans include the building of 28,000 homes over the next 15 years, with key roles for build-to-rent and private developers in providing them.
He adds that the borough is open for investment and partnership to deliver homes across underutilised areas such as Old Oak and North Acton, as well as highlighting the lessons learnt from John Lewis’s BTR scheme above its Waitrose store in West Ealing.
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Every year women from across the built environment get together to take part in the annual PedElle cycling event. The event, run by Club Peloton, raises vital funds for number of charities all focused on enabling better lives for young people. Its principal charity is Coram, one of the oldest children’s charities in the UK.
In this special EG Property Podcast, EG editor Samantha McClary (and long time PedEller) sits down with three women who took part in the PedElle this year – a lumpy 450km in Poland – to talk about what the ride really means, the importance of the funds its raises, why we need more women to join this very special form of networking, and why more businesses should support the event.
Listen in to hear insights and intelligence – and why the PedElle can not only enhance your career but change your life – from Buro Happold associate director Anna Beckett, head of investor relations at SEGRO, Claire Mogford, and Chloe Factor, an asset manager for Legal & General Investment Management’s Build-to-Rent fund.
If you’re inspired by what you hear, please do help the PedElle team reach their £40,000 fundraising target by donating here: https://www.justgiving.com/campaign/pedelle2024
And if you’re interested in joining next year’s PedElle, or any Club Peloton ride, find out more at www.clubpeloton.orgBig thanks to PedElle 2024's corporate supporters Buro Happold, DP9, Forsters, Knight Frank, Legal & General and SEGRO.
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Planning needs to be unlocked for commercial space across Cornwall in order to provide much-needed employment opportunities and ease overreliance on tourism, according to Vickery Holman agent Morwenna Pound.
Vickery Holman is the leading regional agent across the South West region on the Radius Rankings for space transacted so far this year and Pound – who works from its Truro office - leads the individual dealmaker rankings for Cornwall, with 67,970 sq ft transacted across 28 deals.
Pound says demand is very strong for industrial units of around 1,000 sq ft, but planning headaches and development costs mean these are in short supply. She also believes there is an urgent need for entry-level professional jobs across the county to help change the fortunes of what have become some of Europe’s poorest areas.
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Momentum is a critical factor for the London office market, and although external obstacles have been placed in its way there is a sense the handbrake is about to come off, according to Harry James, associate director at office specialist The Workplace Co.
James was London’s top office dealmaker in June, leading the Radius Rankings with 8 deals totalling 7,969 sq ft of space. He oversaw transactions in the West End, City, City Fringe and the Southern Fringe.
Activity has been up and down since the start of the year, says James, but he is optimistic about occupiers being in a less cautious mood once they return from summer holidays.
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In this episode of the EG Property Podcast, editor Samantha McClary, meets the final two members of this year's Future Leaders cohort - Kitty Eyre, senior project manager at the London Borough of Ealing, and Michael De Los Santos Samson, apprentice surveyor at CBRE - to find out more about how they are feeling as they begin their journey on the intensive programme.
Listen in to find out how they both want to push themselves into uncomfortable situations, build deep connections with the industry and make a difference with the powerful talks they will deliver as part of the EG Real Estate Futures event in September.And don't forget to listen to episode one to make sure who know every single one of this year's EG Future Leaders
Huge thanks for EG's partners CBRE, Clyde & Co, Knight Frank, Landsec, and Nuveen for supporting the Future Leaders programme.
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In this episode of the EG Property Podcast, EG deputy editor Tim Burke sits down with a collection of this year's cohort of Future Leaders to find out how they are feeling at the beginning of an intense journey that will culminate with a 10 minute, un-aided Ted-style talk in front of hundreds at EG's Real Estate Futures event this September.Listen in to hear insight from:Victoria Whiteley, project manager, Knight FrankAvneeth Fernandes, head of financial accounting, LandsecManuela Apostol, anaplan and BI solutions architect, LogicorWill Game, asset manager, NuveenCarolyn Morgan-Welker, senior associate, planning & environment, Clyde & CoHuge thanks for EG's partners CBRE, Clyde & Co, Knight Frank, Landsec, and Nuveen for supporting the Future Leaders programme.
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Trading conditions across Greater Manchester are challenging, with uncertainty over the economy and the future of work leading occupiers to operate with caution, according to Fletcher CRE director John Fletcher.
In terms of deal numbers, Fletcher CRE is the highest-placed regional agent on the Radius On Demand Rankings across Greater Manchester for the year to date, with 15 deals over the line totalling 37,704 sq ft of space.
Fletcher believes the towns of Greater Manchester benefit greatly from the success of Manchester city centre, but he believes investment is needed both in infrastructure and the right redevelopment if they are to realise their potential. He is also hopeful that Thursday’s general election will remove one element of instability and encourage occupiers to commit to decisions.
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EG's legal & professional editor, Jess Harrold, is joined by Vicky Hernandez, partner and head of retail at law firm RWK Goodman, and Allan Wickham, head of occupier sustainability in the ESG consultancy team at CBRE, to discuss the rise of green leases, with a particular focus on the retail sector.
Together, they recap what green leases are, with examples of typical green clauses that might arise in retail leases and a focus on the different shades of green that can apply, plus some of the particular challenges faced in retail.
They address the recently updated green lease toolkit, from the Better Buildings Partnership, and how that will aid landlord and tenant negotiations on key lease provisions - hugely important, with the growing need for alignment between property owners and occupiers when it comes to improving the sustainability of our buildings.
- Visa fler
