In: News

 

by – Emma Simpson

The figure highlights the extent of the upheaval in the High Street as the Covid pandemic sped up changes in shopping habits.

The data, compiled by commercial property information firm CoStar Group, also reveals that more than two-thirds of these shops remain unoccupied.

Some 237 big stores have yet to be taken over by a new business.

“The data undoubtedly highlights the acceleration of change in the retail sector in recent years, which the pandemic has only exacerbated,” said CoStar Group’s head of analytics, Mark Stansfield.

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by By Andy Gregory

Robert Jenrick had argued reforms would ‘bridge the generational divide and create an ownership society’

The government is poised to abandon key elements of its “radical and necessary” overhaul of England’s planning laws – which ministers argued would “help us build the homes our country desperately needs” – following a backlash from Tory MPs and voters in the south, according to a report.

More than a year ago, the housing secretary Robert Jenrick announced his intention to replace the planning system in use since just after the Second World War with reforms which would “provide secure housing for the vulnerable, bridge the generational divide and recreate an ownership society”.

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by By Stephen Maunder

Discover what the pandemic means for buyers, sellers and homeowners

The UK property market has enjoyed a boom of late, with house prices rising by 8% year-on-year – but there are signs that the market may have peaked.  A temporary cut to stamp duty rates resulted in soaring prices, but the latest data from July shows that month-to-month price growth fell 3.7% since the 30 June tax break deadline. Here, Which? explains what’s happening to house prices and provides advice on making an offer on a property in these uncertain times.

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by By Andy Gulliford

In March, as the pandemic began to spread, people who work in data centres were added to the government’s list of key workers. It shows how far data centres have come that a once specialist and obscure real estate sub-sector has become one of the most sought-after, as use of technology rocketed during lockdown.

Already growing demand has soared, fuelled by a surge in digital data to facilitate connections for businesses in a home-working environment, for video streaming, increased social media activity and downloaded content for home entertainment.

Couple this with the fast-growing trend for businesses to move their IT functions into the cloud, and estimates that the data centre market could grow by 15% a year between now and 2024 don’t sound unrealistic.

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by By David Walsh

More than 100 business leaders from across the North and Midlands have written to Prime Minister Boris Johnson urging him to commit to building HS2 in full.

 

They fear that despite the PM promising the full delivery of HS2 last February, there have recently been rumours that the Eastern Leg will be scrapped.

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by By Love Belfast

Proposals for the exciting £10million redevelopment of buildings on Linenhall Street and Clarence Street within Belfast’s vibrant Linen Quarter are set to be submitted to Belfast City Council this winter as Surrey-based development company Domus UK Ltd, owned by NCH Capital Inc., seeks to invest in further regeneration of the district.

Under the proposed plans, Belfast’s historic Linen Quarter, one of the city’s most attractive areas, will host a new Grade A office development designed to enhance the district’s prominent position as a thriving employment and leisure destination.

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By Matthew Lane

Before the pandemic struck, Build to Rent (BTR) was undeniably the property market’s fastest-growing trend. Many expect it to recover quickly, too, as returns are solid enough to have nervous institutional investors happily ploughing money into what is seen as something of a safe haven.

With commercial, office, retail and industrial all set to suffer as a result of Covid-19, residential’s popularity among pension funds, private equity firms and other major financial players is likely to soar.

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by Stephen Farrell Senior Digital Staff Write

Almost 450 homes could be built on the site of a former leatherworks in Leeds if newly submitted plans get the go-ahead.

Domus UK, supported by WYG and Hester Architects, has submitted an application to Leeds City Council for the redevelopment of a site on Buslingthorpe Lane in Chapeltown.

The specialist residential property developer is seeking planning permission for 449 apartments across five buildings at Hilltop Works, a brownfield site and former leatherworks which has largely fallen into disuse since the 1960s.

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