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UK Daily News Snapshot

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Plans by Nodpod Hotel for a 50-bed hotel made out of shipping containers on the site of an old school near Bristol Airport have been scrapped in favour of a more traditional design (Bristol Post)

Plans for Bristol Airport shipping container hotel scrapped in favour of more traditional design - Bristol Live

The West Midlands Combined Authority has bought seven acres of land in Darlaston as part of plan to assemble land to reopen two railway stations. The land at Cemetery Road was sold by St Francis Group, and will form part of wider land assembly to bring rail services back to Darlaston and Willenhall to the north east of Birmingham (EGi)

WMCA assembles land for new Darlaston station

A fund advised by JP Morgan Asset Management has secured £36.7m funding from NatWest for the expansion of Foundation Park in Maidenhead (Property Week)

JP Morgan gets £36m finance for spec development in Maidenhead | Online | Property Week

Angelo Gordon and Beltane Asset Management have secured the pre-completion letting of 121,600 sq ft at 55 Gresham Street, EC2 to Investec Asset Management. The rent is believed to be in the mid-£60s per sq ft, with Investec taking a 15-year lease (CoStar)

http://news.costar.co.uk//en/assets/news/2018/August/Angelo-Gordon-and-Beltane-confirm-122000-City-letting-to-Investec

The AEW UK Real Return Fund has bought two car showrooms and a warehouse for £10.67m. The car showrooms are located in Blackburn and Liverpool and were purchased for £3.92m and £2.2m respectively - net initial yields of 6.51% and 6.26%. The industrial unit in Ford, West Sussex, was bought for £4.55m - 7.4% net initial yield (CoStar)

http://news.costar.co.uk//en/assets/news/2018/August/AEW-UK-Real-Return-Fund-strikes-double-car-showrooms-deal/

Salmon Harvester Properties has sold a £90m, 25-acre site near High Wycombe - with consent for 166, one and two-bedroom independent living retirement apartments together with a central clubhouse facility, gymnasium, spa, swimming pool, bar, restaurant and retail outlet - to The Royal London Pension Property Fund (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Historic England is concerned about British Land's plans for a cluster of tall towers in Canada Water, SE16 - and their likely adverse effect on London’s skyline and heritage assets such as St Paul’s Cathedral (EGi)

Historic England attacks British Land’s Canada Water plans

A case in the High Court - where the landlord challenged the cost of the HMO licensing scheme run by the London borough of Richmond on Thames - could have major implications for landlords, letting agents and for every single local authority licensing scheme (Property Industry Eye)

Court case could mean that landlords apply for licensing costs to be refunded – Property Industry Eye

A raft of new tenants has signed for space at Lakeside North Harbour in Portsmouth which provides 500,000 sq ft of Grade A office space to over 100 occupiers (CoStar News)

CoStar UK - The Leader in Commercial Property Information

 

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McCarthy & Stone has been granted permission by Dover District Council for 70 extra care apartments for older people in a £25m redevelopment of the old sorting office on Charlton Green in Dover (CoStar News)

CoStar UK - The Leader in Commercial Property Information