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UK Daily News Snapshot

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Campaigners warns of traffic chaos on plans to demolish an Edwardian town house at 291 Hills Road in Cambridge and to replace it with a block of 15 flats (Cambridge News)

'Traffic chaos' warning over planned flats at busy Cambridge junction - Cambridge News

The House Shop has used its data to compile a map showing average property prices along the 26.2 mile route of the London Marathon - identifying Embankment as the most expensive spectator spot, followed by St James's Park.  Embankment was also the spot with the most expensive rental prices, followed by Canary Wharf.  The cheapest property picks along the route are Woolwich and Shadwell (City AM)

London Marathon 2018: House prices along the route with Embankment the most expensive and Woolwich the cheapest | City A…

Steinhoff - the South African retailer which owns Poundland, Benson for Beds and Harveys in the UK - has told shareholders that it is renegotiating its debt as it faced shareholders for the first time since its shares plunged on the emergence of an accounting scandal.  Acting chief executive Daniel van Merwe said that there is still an estimated €12bn debt and the company has an "informal standstill" with debitors (City AM)

Poundland owner Steinhoff tells angry shareholders it is renegotiating debt | City A.M.

Nissan is to cut hundreds of jobs at its main UK plant in Sunderland, where it employs 7,000 people, as it moves to develop new electric-powered powertrains in the wake of the collapse in demand for diesel (City AM)

Nissan to cut hundreds of jobs at main UK hub in Sunderland | City A.M.

Auctioneers are reporting strong sales where farmers, investors and small-scale developers compete - though where appeal is limited, prices are generally sticking closer to the guide price.  Article notes that in Cambridgeshire the value of small parcels with road frontage, which appeal to multiple bidders, has risen significantly and Cheffins comments that greenfield sites including arable land, paddocks and grazing parcels have seen value growth of 20-30% over the past two years.  Notes some farms which are coming to auction (Farmers Weekly)

Competitive bidding for farmland at auction builds strong prices - Farmers Weekly

Menta and Redrow have received planning permission to develop a major new infrastructure and residential-led regeneration scheme around East Croydon Station, including 445 new homes and the public East Croydon bridge link that will connect the Addiscombe area of the town through the Morello II development into East Croydon station (Property Week)

Green light for East Croydon station resi-led redevelopment | Online | Property Week

Specialist chocolaterie Choccywoccydoodah has signed for a London flagship at 27 Shorts Gardens at Seven Dials, with a café on the lower level alongside a store selling hand crafted chocolate and cakes (Property Week)

Sweet deal sees Choccywoccydoodah secure first London location | Online | Property Week

The final apartments at South Bank Tower in Southwark have been sold to an international investor for more than £125m and the sales process at the 41-storey residential tower has completed.  Savills were joint residential sales agents at South Bank Tower (Property Week).

South Bank Tower apartments sold for £125m | News | Property Week

SVK Capital Management has taken 1,752 sq ft at the Ironwood Works in Shoreditch, which had an asking rent of £120,000 er annum - and Aitch Group and associated companies have taken the fourth and fifth floor penthouse office duplex as its headquarter premises (CoStar News)

CoStar UK - The Leader in Commercial Property Information

M&G Real Estate has completed the first three acquisitions for its M&G UK Enhanced Value Fund (UKEV) - buying a portfolio of industrial assets in the North-West and West Midlands and two offices in Slough and Watford for a combined £49.8m (CoStar News)

CoStar UK - The Leader in Commercial Property Information

William Grant & Sons Distillers Ltd had claimed that the development of a new 59-turbine wind farm on the Glenfiddich estate near Dufftown in Banffshire was “unlawful” on the basis that the construction works did not begin within the five-year time limit imposed upon the developer.  They have had their legal challenge dismissed by a judge in the Court of Session who upheld the decision of the local authority after ruling that the developer Dorenell did “validly commence” the development.  He added that to quash the decision would “undermine the needs of good public administration” and cause “serious prejudice” to the developer and third party contractors, as over £100 million has been spent on the development to date (Scottish Legal News)

Frasers Logistics & Industrial Trust has agreed a deal to buy a 21-property industrial portfolio in Germany and the Netherlands for €596.8m from its sponsor (CoStar News)

CoStar UK - The Leader in Commercial Property Information

Thames Valley office take-up stayed steady at 415,128 sq ft in Q1 2018, compared to 430,502 sq ft in Q1 2017 and 449,121 sq ft in the previous quarter, while enquiry levels have hit their highest level for six years reports Lambert Smith Hampton (CoStar)

UBS's latest Investor Watch survey showed that more of the UK's millionaires than ever before now believe they will hit centenarian age - which is causing them to fret over how they will fund their long retirement.  UBS also found that more high-net-worth individuals are planning to pass money on to their grandchildren rather than their children (City AM)

More of the UK's millionaires are expecting to live to 100 – and are turning to equities, bonds and real estate to fund …

Hilary McGrady, the new director-general of the National Trust - which owns land equivalent in size to Dorset or twice the size of Greater Manchester and also looks after 300 historic houses and almost 800 miles of coastline - has told the BBC that the organisation needed to reach out to people living in towns and cities.  She sees a future where the trust broadens its approach to conservation by working with other organisations in urban areas, such as local authorities and community groups (BBC News)

National Trust should be radical, says Hilary McGrady - BBC News