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UK Daily News Snapshot

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A Bristol landlady is taking Enterprise Inns to court in a landmark case to stop her pub becoming a generic chain - saying she is the first landlord in legal history to challenge a pub company for the right to keep her lease.  Enterprise wants to run the pub themselves, a move which it is claimed would see the pub turn into a “generic chain” in the middle of Gloucester Road’s vibrant independent shops (Bristol Post)

'Save the Prince of Wales' protesters gather outside court where landlady is fighting multi-million-pound company - Bris…

A cost cutting drive is set to see Tesco axe 1,700 shop floor jobs - part of a drive to "simplify" operations and offer "more helpful" service, giving line managers more "direct accountability" for customer service (Evening Standard)

Tesco to axe 1,700 shop floor jobs in cost-cutting drive | London Evening Standard

KPMG’s growth promise index - which uses a range of indicators including openness to innovation, the quality of infrastructure and institutions to measure which countries have the highest potential for sustained growth - shows that Britain’s potential for future productivity is higher than Germany, France, and the US (City AM)

UK retains place among European nations best prepared for future productivity growth | City A.M.

Following Oxfam's research implying that wealth inequality is worsening - with 82% of the wealth generated in the world last year going to the richest one per cent - the charity has come under fire on Twitter, accused of overstepping its role and declaring a political allegiance (City AM)

Oxfam comes under fire from free market wonks as new wealth inequality study prompts a Twitter row | City A.M.

Fitch Ratings believes that average house prices will fall in London and the south east in 2018, due to sky-high prices, stagnant wage growth and political uncertainty and growth will be flat for the UK as a whole - but in Ireland house prices are set to rocket by as much as 10%, the only market where Fitch has forecast double-digit price growth (City AM)

UK house prices: House prices set to fall in London and the south east this year, according to Fitch | City A.M.

Jaguar Land Rover is to slash production amid Brexit fears and a government crackdown on diesel cars, saying that "temporary adjustments" to production schedules would commence in the second quarter of 2018 (City AM)

Jaguar Land Rover to cut UK car production in the coming months amid Brexit fears | City A.M.


Profits rise at Bruntwood

Posted by PNelson 22-Jan-2018

Regional property investor and developer Bruntwood - which owns more than 100 buildings across Manchester and Cheshire, Birmingham, Leeds and Liverpool - has reported increased profits/turnover for the year to the end of September 2017 (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Skechers and Whittard of Chelsea have signed for space at The Lexicon Bracknell - taking 5,226 sq ft and 1,217 sq ft respectively (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Frasers Commercial Trust has secured £88m from Singaporean bank DBS Bank to finance its acquisition of a 50% stake in Farnborough Business Park, subject to conditions (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Advised by Savills, the Standard Life Pooled Property Pension Fund has let two floors at 1 St Andrew Square in Edinburgh to global financial services company UBS and software development company KPV (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Retailer Next is to more than double its store size in Livingston - relocating from The Centre to the adjacent Almondvale West Retail Park, which Hines acquired in December 2014 in conjunction with clients of HSBC Private Bank.  Savills jointly represented Hines. 3DReid (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Phil Dawson, Allied London’s former head of brand and marketing, has launched a new placemaking consultancy which aims to shake up developers’ community contributions - This Must Be The Place which offers tailored creative placemaking services to help developers and local authorities “foster community, fulfil their obligations and achieve their ambitions to create and sustain places that people love" (EGi)

EGi - News Article - Placemaker targets developers' contributions to community


Upbeat first half for TCS

Posted by PNelson 22-Jan-2018

Property investor/car park operator Town Centre Securities has issued an upbeat statement for the six months to 31 December - reporting that like-for-like passing rent was up by 2.2%, compared to 2.3% in the first half of the year, while overall occupancy levels remained at 99% (Property Week)

TCS upbeat on first half figures | Online | Property Week

Sports footwear retailer Footlocker is to open a new 21,000 sq ft store at Grosvenor Europe’s Liverpool ONE shopping centre (Property Week)

Footlocker signs for super-sized store at Liverpool ONE | News | Property Week

Artisan Real Estate Investors has unveiled a £90m plan to convert Glasgow’s Custom House site into a new hotel and leisure quarter, submitting a pre-application notice to Glasgow City Council (Property Week)

Artisan unveils £90m plan to transform Glasgow waterfront | Online | Property Week