The London Property Daily Brief

This Weeks Round Up of the London Property Daily Brief brings together the main development, investment, construction and financing stories covered across the week. Merton Council is preparing to seek a private development partner for the next phase of Remaking Morden, Battersea Power Station has submitted a revised masterplan application for its remaining 16 acres, while HS2 is negotiating its final two outstanding main-works civils commercial resets with BBV and SCS. Also in this Round Up: Barratt Redrow’s full-year results and further legacy-property charges; NatWest’s £190 million green development facility for urbanest Albert Embankment in Vauxhall; Re:shape T Limited’s Ashley Park application in Tottenham Hale; Cheyne Capital’s £121 million senior development loan for One Poultry; and Tritax London Logistics Fund’s acquisition of AIR Heathrow and Chiltonian Industrial Estate for more than £130 million combined. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Re:shape T Limited has submitted a full planning application for Ashley Park in Tottenham Hale, proposing 522 shared-living studios and 87 social-rent homes. Also in today’s London Property Daily Brief: Cheyne Capital provides a £121 million senior development loan for IGIS Asset Management’s One Poultry refurbishment; Tritax London Logistics Fund acquires AIR Heathrow and Chiltonian Industrial Estate for more than £130 million combined; Daiwa House agrees to acquire about 30% of Miller Homes’ holding company; Nordea and VIRTUS Data Centres reportedly sign at 101 Moorgate; and Galliford Try reports full-year revenue of £1.9311 billion. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Barratt Redrow reported higher statutory profit for its full year, alongside a further legacy-property charge and lower adjusted profit before tax. Also in today’s London Property Daily Brief: NatWest provides urbanest with a £190m green development facility for Albert Embankment in Vauxhall; Vistry and Enfield Council complete agreements for 127 future social-rent homes at the Alma Estate; Wandsworth and Higgins Partnerships start 113 council-rent homes at Garratt Lane; London rent inflation accelerates while house prices remain in annual decline; and SENG completes its acquisition of 26–28 Hammersmith Grove. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

HS2 is negotiating its final two outstanding main-works civils commercial resets with BBV and SCS, after revised arrangements with EKFB and Align were signed in July. Also in today’s London Property Daily Brief: Ten Gresham Street is reportedly being marketed for roughly £330 million; McLaren Hammersmith Limited’s One to Three Sussex Place application has reached committee; Kier will stop committing capital to new Property developments from financial year 2027; the Bank of England reports further softening in property-market conditions; and Hawthorn Capital has publicly announced its acquisition of Xenia Property Group. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Battersea Power Station has submitted a Section 73 revision for the remaining 16 acres of its masterplan, reorganising the future phases around smaller buildings and a finer network of streets, laneways, courtyards and passages. Also in today’s London Property Daily Brief: Lewisham resets its Catford town-centre programme after funding for the South Circular realignment was withdrawn; Hurlington Capital and The V Fund secure a £112 million development facility for Bollo Lane Phase Two; Castleforge launches the completed One Golden Lane refurbishment; Isembard opens its Southwark headquarters and manufacturing factory; and CoStar Analytics reports larger legal-sector lettings. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Merton Council intends to begin a competitive process this autumn for a private development partner for Remaking Morden, backed by an initial £30 million of council capital and subject to Cabinet endorsement before the intended process. Also in today’s London Property Daily Brief: Picton Property Income’s acquisition by LondonMetric and Schroder Real Estate Investment Trust completes; Berkeley maintains its four-year profit plan while reporting continued buyer caution; Beechcroft secures £44.8 million of development finance for its Shenley later-living scheme; and the Guardian reports internal London Underground documents concerning respiratory protection around asbestos-related materials, while Transport for London says its controls comply with regulations. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Lambeth councillors have approved the current Vauxhall Square redevelopment proposal, subject to its planning obligations and further referral to the Mayor. Also in today’s London Property Daily Brief: City Hall approves St William’s first phase at Beckton Riverside; Building Safety Regulator new-build approval performance improves as its live Gateway Two workload rises; the FT reports almost 100 High Court building-safety cases with about £1.2 billion in dispute; Starlight closes its second UK build-to-rent fund with ancillary vehicles at £680 million of capital commitments; and Clancy reports higher revenue and profit with a £2.8 billion forward order book. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Ealing Council’s cabinet has approved changes to the Green Man Lane development agreement, opening the way for Higgins Partnerships to take over the remaining phase of the West Ealing regeneration with A2Dominion and the council. Also in today’s London Property Daily Brief: Westminster grants planning permission for Kajima Properties Europe’s retention-led refurbishment at 27 Soho Square; Starlight closes its second UK build-to-rent fund and ancillary vehicles with £680 million of capital commitments; True North sets out an Investec-financed £40 million GDV restoration at Holm Elephant and Castle; OCU Group revenue passes £1 billion; and Apiary Capital takes a majority stake in Orega through a completed management buyout. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Lambeth councillors have approved the current Vauxhall Square redevelopment proposal, subject to planning obligations and further referral to the Mayor. Also in today’s London Property Daily Brief: City Hall approves St William’s first phase at Beckton Riverside, subject to completion of the section 106 agreement; MCR lodges its hotel-led BT Tower applications; the government sets the first rollout date for the Private Rented Sector Database; Marylebone Place returns to the market after its headquarters lease is restructured; and Clancy reports higher revenue and profit. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Almost one hundred London High Court building-safety cases are active, with about £1.2 billion in dispute. Also in today’s London Property Daily Brief: Vistry proposes a new shared-ownership model aimed mainly outside London; Scape lodges plans for an 851-bed student tower in Southwark; HUB joins Blue Coast Capital on two London co-living schemes; Cohort Capital completes an £18.4 million mezzanine refinancing of The Stafford London; and Fuller’s exchanges contracts to buy ten pubs for £35.25 million. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

London Square has been appointed residential development partner for Royal Street in Waterloo, where 133 homes are planned and half will be affordable. Also in today’s London Property Daily Brief: McLaughlin and Harvey secures the £70m main contract at Thavies Inn House; Grainger sets out its rental performance, development and capital plan; Building Safety Regulator approval performance improves as its live workload rises; Starboard and LaSalle acquire seven UK hotels including ibis London Barking; and GMS Estates markets a Covent Garden hotel development opportunity. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Mace has completed GPE’s Thirty Duke Street in St James’s, with every office and retail unit pre-let before completion. Also in today’s London Property Daily Brief: Harlequin Brickwork enters administration; Pladis expands its headquarters presence at Chiswick Park; Astra Asset Management reportedly lines up three prospective London office transactions; Pinnacle is appointed to operate 143 Queen’s Park rental homes; Cadogan signs a new group of Chelsea retail lettings; and Din Tai Fung commits to a fifth London restaurant at King’s Cross. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Luton Rising has appointed Mace Consult, working with Arcadis, to manage the London Luton Airport growth programme, which allows capacity to rise to 32 million passengers a year. Also in today’s London Property Daily Brief: Green Mountain secures a 14MW neocloud customer at its Romford data-centre campus; CField Construction returns to profit; Tower Hamlets approves Providence Row’s Dellow Centre retrofit; and the Government develops a Construction Jobs Plan. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Lambeth planning officers have recommended approval for Vauxhall Square Limited’s mixed-use tower scheme beside Vauxhall interchange, including 1,097 conventional homes, 1,164 co-living units and 699 student rooms. Also in today’s London Property Daily Brief: City Plan 2040 hearings focus on heritage and tall buildings; Glenigan reports a stronger London office approvals pipeline; Levitt Bernstein submits plans for a replacement YMCA in Crouch End; Mace completes One Liverpool Street; and Urban Rest signs for its first UK hotel in Marylebone. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Gilbert-Ash has signed a £40m contract to refurbish and restore RIBA’s Grade II* listed Portland Place headquarters in Westminster. Also in today’s London Property Daily Brief: Hackney brings Wates into the recovery of the 371-home Britannia Phase 2B; Altius Real Estate and Make unveil a proposed 52-storey Shoreditch hotel; Dwelly acquires Paramount Properties in West Hampstead; Balfour Beatty appoints Emma Loxton as chief strategy officer; Centre for Cities calls for Network Rail land around stations to be transferred to mayoral regions; Croydon postpones its landlord-licensing schemes; and Savills highlights retailer demand in affluent heritage and tourism destinations. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Mount Anvil has reported £10.4m of pre-tax profit, with its London pipeline rising to 4,505 homes and an estimated sales value of about £2.6bn. Also in today’s London Property Daily Brief: Thames Water plans to retender the Teddington Direct River Abstraction work as one larger package, reported at about £500m; piling starts at Freshwater’s 45 Moorfields redevelopment; the Mortlake Brewery redevelopment is mothballed despite its planning consent; Criterion Capital appoints Vaqas Farooq and Steve Silvester; and Ballymore-commissioned research examines side income among prospective London buyers. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Durkan is leaving contracting after more than 50 years and will continue through Durkan Homes and Durkan Regen. Also in today’s London Property Daily Brief: Lovell pauses its Maryon Road housing scheme in Charlton while an independent structural engineer investigates the partial collapse of nearby homes; PPHE Hotel Group reports stronger first-half trading led by its London hotels; John Lewis opens its Platter hospitality concept at Oxford Street; Morgan Sindall Construction gives London separate regional leadership; and Allsop raises £40 million at its August residential auction. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

HB Reavis has put a revised, retrofit-led One Waterloo plan out to consultation, replacing the demolition-led route for Elizabeth House with a mixed-use proposal that retains and reworks the existing building. Also in today’s London Property Daily Brief: Hackney works with Wates on a recovery plan for 371-home Britannia Phase 2B after Ardmore Construction Limited entered administration; Bridgemont submits its application to retrofit one Embankment Place; Sisk starts work at 171 Victoria Street; Hill is selected as Lewisham Council’s strategic development partner for ten years; and the Government asks councils to review land and capacity for council housebuilding. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is knowingly reproduced.

London is due to receive up to £11.7bn over the life of the Government’s Social and Affordable Homes Programme. Also in today’s London Property Daily Brief: KKCG completes its £291m purchase of 1 St James’s Square; the City of London moves a proposed £60m Barbican services package towards tender; Kier enters preconstruction on the £77m Stepney All Saints overhaul; British Land links 158,000 sq ft of AI-company leasing to Regent’s Place; and updates cover biodiversity net gain, Grosvenor’s heat-adaptation push, Scape’s £8bn framework, Thames Water and Vittoria Wharf. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.

Landsec has secured approval for a revised O2 Centre masterplan at Finchley Road, giving the stalled regeneration a route forward with capacity for up to 1,800 homes. Also in today’s London Property Daily Brief: Woolwich Exchange moves into the implementation phase of its compulsory purchase order; Westminster approves Foster and Partners' retrofit of the Ellison Institute of Technology’s St James's Square headquarters; De Pass Wharf in Barking is sold to a private investor; McLaren joins the Faryners House office project; Westminster prepares remedial works and potential legal action at Beachcroft House; and Andrew Davies joins the Mitie board. This is an AI-assisted editorial briefing using an AI-generated voice. Stories are summarised from attributed industry sources and official or reputable reporting. No article text is reproduced.