Skip navigation
1 2 3 Previous Next

UK Daily News Snapshot

45,943 posts

The Portsmouth Naval Base Property Trust and Elite Homes have been given the go ahead to transform Priddy’s Hard, the historic MoD base in Gosport, into 30 homes, an armed forces museum and a distillery to produce rum, gin and whisky (Portsmouth News)

New houses, a museum and... a gin distillery? Plan to restore old MoD site is given the green light - The News

Winchester City Council has agreed the planning framework that will guide development of the central Winchester area,  known as Silver Hill (Hampshire Chronicle)

Vision for central Winchester regeneration approved by city councillors | Hampshire Chronicle

The Bank of England has held interest rates but signalled an August rate rise is more likely than previously thought. In a decisive move, Andrew Haldane, the Bank's chief economist, joined two other Monetary Policy Committee members in voting to raise rates to 0.75% (BBC News)

August interest rate rise moves step closer - BBC News

Aberdeen Standard Investments has let the 39,112 sq ft Unit 1 Nucleus on Central Way in Park Royal to Ealing, Hammersmith and West London College at a rent of £15.72 per sq ft (CoStar)

Derby's first trampoline park, Bounce Revolution in Siddals Road, has been bought out of administration saving 38 jobs (Derby Telegraph)

Derby’s Bounce Revolution trampoline park goes into administration - but is quickly snapped up - Derbyshire Live

Arts Minister Michael Ellis has launched a £20 million fund for culture, heritage and the creative industries to benefit towns and cities across England (Government Press Release)

£20 million government boost for culture and creative industries in England - GOV.UK

A Grade II-listed former fort in Pembroke Dock - known as The Defensible Barracks - has just come on to the market for offers in the region of £1.2m.  The predominantly derelict structure is said to have the potential to be converted into residential or commercial use, subject to achieving the relevant planning permission.  There is current planning permission in place to develop a 56-bedroom hotel (Wales Online)

A Victorian fort in Pembroke Dock is up for sale for £1.2m and could be transformed into a home - Wales Online

Leeds-based property consultancy Gent Visick is opening an office in London to be headed by industrial surveyor Ben Havery who spent 12 years at JLL and Cushman & Wakefield (EGi)

Sainsbury chief executive Mike Coupe has admitted to a committee of MPs that the competition watchdog will probably demand store disposals in order for the supermarket's merger with Asda to be approved (EGi)

CMA 'likely' to demand store disposals, Sainsbury's boss tells MPs EGi

The Scottish Government has agreed to introduce legislation to make sprinkler systems compulsory in all new social housing of over 10 tenants (Construction Enquirer)

Scotland to require sprinklers in all new social housing | Construction Enquirer

Prosperity Capital Partners has announced three new non-executive directors - Howard Woollaston, David Murray and Stephen Jackson - to support an expansion across the UK and Ireland.  Prosperity has 1,700 purpose-built student accommodation and build-to-rent units completed, in planning or under construction (EGi)

Prosperity Capital Partners announces three new directors EGi

Last year the number of flexible workspace centres in the UK grew by 10% - reaching 5,320, boosted by a significant rise in smaller, niche operators.  The Instant Group reported that independent operators now account for 83% of the total number of flexible workspace centres (Property Week)

UK sees 10% rise in flexible workspaces | News | Property Week

Residential Secure Income has paid £21.3m for a 134-apartment building in Luton which is leased to the local authority (Property Week/EGi)

ReSI buys £21.3m Luton apartment building | News | Property Week and ReSI buys £21.3m housing block EGi

In a joint venture with Greycoat, Goldman Sachs is under offer to buy the 105,200 sq ft Procession House at 55 Ludgate Hill from LGIM Real Assets.  LGIM Real Assets put the office on the market in February via Savills with a £67.5m guide price, reflecting a net initial yield of 6.15% (Property Week)

Goldman Sachs swoops for City office asset | News | Property Week

Legal & General has completed a circa £250m deal to forward fund the construction of 14 Westfield Avenue, an office scheme in Stratford, which has been pre-let to the Secretary of State for Communities and Local Government to establish a new HMRC regional centre (CoStar)