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1 week ago | 
estatesgazette.co.uk | Dominic Plaskota |Kent East
Industry figures say the broker model needs to improve and adapt to an increasingly digitised flex office market and growing flex operator brands, after WeWork owner Yardi’s regional director called to “disintermediate” brokers. Justin Harley, regional director for co-working and residential at Yardi, the majority owner of WeWork, called for the sector to cut out the middlemen to improve efficiency and cut costs at the annual Flexible Space Association conference earlier this month.
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1 week ago | 
estatesgazette.co.uk | Evelina Grecenko |Kent East
Medical research organisation LifeArc has agreed to pre-let the entirety of Kova KX, Native Land and AshbyCapital’s 70,000 sq ft life science development in London’s King’s Cross. Market sources have told Estates Gazette that the lease was signed on a 15-year term at over £100 per sq ft. The deal marks the largest life sciences letting in the UK in 2025, and the largest in London since 2022.
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1 week ago | 
estatesgazette.co.uk | Evelina Grecenko |Kent East
Avison Young has signed a lease to become the first tenant at Capital & Centric’s Goods Yard neighbourhood in Stoke-on-Trent. The agency has taken 10,600 sq ft of workspace within the Pavilion building on a 10-year lease and will relocate its East Midlands team to the new base. The development comprises 174 homes and commercial spaces including bars, eateries, coffee shops and stores.
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1 week ago | 
estatesgazette.co.uk | Shifali Gorka |Kent East
Great Portland Estates (GPE) has sold Challenger House – also known as The Corner Hotel in Whitechapel, E1, along with an adjoining plot of undeveloped land for £42m. The buyer is Yoomata Aldgate Property, a joint venture between Euragone Investment Management and Mata Capital. The sale has been completed marginally ahead of book value. Challenger House extends to 74,000 sq ft and includes around 180 bedrooms, as well as a ground-floor restaurant and bar.
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1 week ago | 
estatesgazette.co.uk | Evelina Grecenko |Kent East
Glenbrook has strengthened its capabilities across investment, development, and finance with the appointment of four experts to the team. Olivia McDowell has joined as senior asset manager, Caroline Ruffell and Ben Simpson have both been appointed as design managers, and Laura Harrison has been hired as accounts assistant.
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1 week ago | 
estatesgazette.co.uk | Evelina Grecenko |Kent East
Schroders Capital and South Yorkshire Mayoral Combined Authority have joined forces to support the delivery of economic, housing and infrastructure growth across the region. This new partnership will explore opportunities to deliver housing and infrastructure projects as well as develop investment strategies. The deal comes shortly after the creation of the Great North initiative, which was endorsed by deputy prime minister Angela Rayner.
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1 week ago | 
estatesgazette.co.uk | Evelina Grecenko |Kent East
Westminster City Council has approved Grosvenor’s plans to retrofit and extend Ebury Gate at 23 Lower Belgrave Street, SW1. The approval comes after the planning committee delayed a decision amid concerns raised by Transport for London relating to Crossrail 2. Grosvenor will now kick off works to add 17,644 sq ft of office space to the existing 69,314 sq ft building, which is understood to be the company’s largest retrofit project.
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1 week ago | 
estatesgazette.co.uk | Evelina Grecenko |Kent East
Old Oak and Park Royal Development Corporation has green lit Downing’s proposals to bring forward a £250m residential development in North Acton, NW10. The plans feature 609 homes for students and 59 build-to-rent flats across two blocks of 31 and 17 storeys. Additionally, the project will include 2,745 sq ft of commercial retail space and external amenity space. It will also be a car-free development, with Downing committed to enhance public realm areas.
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1 week ago | 
estatesgazette.co.uk | Shifali Gorka |Kent East
Coventry City Council has put up The Precinct, an open-air shopping centre in Coventry city centre on sale for £23.1m, reflecting a net initial yield of 9%. The Council is offering the property on a long leasehold basis until 2087, with an option to extend by a further 51 years, taking the expiry to 2138. Through ongoing engagement with Coventry City Council, there may be potential to acquire the freehold or restructure the leasehold into a simpler, more efficient arrangement.
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1 week ago | 
estatesgazette.co.uk | Evelina Grecenko |Kent East
Placemaker Muse has added two new players to its Yorkshire and North East team in a move to support a growing pipeline of regeneration projects in the region. James Dinsley joins as development manager and Daniel Leach as project manager, both based at Muse’s Leeds office. Dinsley has previously held roles at Rushbond Group and Avison Young gaining experience in land agency, planning and development consultancy.
