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YOU WONT BELIEVE: 3 | Mind Blowing Facts

California buyer of Marina City’s retail space has ‘big plans’ for the downtown Chicago site

A foundation linked to Sperry Commercial bought the retail and parking garages at the iconic Marina Towers for $30 million and plans to add tenants and renovate the space.

Chicago Sun-Times

The five types of property London homebuyers should avoid in 2024

From new-build one-bed flats to houses in need of major refurbishment, what are the mistakes to avoid in the New Year?

Evening Standard

Europe is 'falling behind,' warns JLL CEO Christian Ulbrich

Europe is lagging behind the U.S. and other Western economies when it comes to economic growth and GDP per capita.

Fortune

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Blackstone plans to double-down on its Europe real estate investments—but in London, it already has an upper-hand as WeWork locations have fallen

The private equity group, which recently hit $1 trillion in assets under management, has a number of flexible office spaces in London through The Office Group.

Fortune

Autumn Statement: 'an enormous missed opportunity' to stabilise rents and house prices for Londoners

Shortfall of new homes needed to tackle affordability crisis forecast to hit 257,000 without significant investment, said Tom Copley

Evening Standard

West End is 'full', says London property giant Land Securities

Occupancy are rates above 99% as the return to work gathers pace

Evening Standard

CEOs want employees back in the office, and 90% say they'll likely give raises and promotions to those who actually show up, survey finds

CEOs say they expect in-office attendance to play a role in employees' career progression and that it will factor into determining who will get raises and promotions.

Fortune

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Sweet move: Chicago seeks to landmark West Side’s historic Mars candy factory

The correct action here would be a “yes” vote from the Commission on Chicago Landmarks, an important prelude to the factory’s redevelopment.

Chicago Sun-Times

Speed up urban regeneration to bring young people back to the office

In the era of the cost of living crisis the location of Gen Zs’ and Millennials’ workplaces is more important than ever before

Evening Standard

The mega London developments offering buyers more — from workspaces and rooftop gardens to concierges and gyms

Access to green space, a community vibe and amenities on the doorstep have become vital for buyers, and these high-density sites tick all the boxes

Evening Standard

1 million American workers face new return-to-office mandates after Labor Day. But employers would be ‘naive’ to expect all those workers to comply

Employers are waging a return-to-office battle. Again.

Fortune

Fall 2023 will be remote work’s biggest test yet: 1 million workers facing office return orders

2023 may be the year offices will return to near-2019 occupancy levels, predicts a real estate consulting firm. Others say it will never happen.

Fortune

Buyout deal for Birmingham logistics firm

Digbeth-based DMN Logistics has acquired JLL Vehicle Distribution to boost its electric vehicle logistics operation.

Birmingham Post

Occupiers turning to refurbishments to meet Grade A office demand

Latest market analysis suggests many are improving sustainability features and creating more amenities

Insider UK

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Evening Standard

‘Stubborn inflation’ hits central London’s luxury home sector

Prices of high end homes in prime central London fell in the second quarter, down 5.9% from a year earlier, as the uncertain economic outlook weighs on the housing market.

Evening Standard

‘Profound’ impact: Higher interest rates send central London office sales down

The impact from soaring interest rates on central London’s huge office market has been laid bare, as figures showed investor spend on buildings has slumped by more than 50%.

Newcastle Herald

'Scarce offering': CBD site prime for development hits international market

The site could be home to units, medical facilities, hotels, retail and more.

Birmingham Post

Trio of deals completed at Bristol's Castlemead

Commercial property consultants Hartnell Taylor Cook, JLL and Knight Frank completed the deals on behalf of investment adviser Floreat

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Evening Standard

Landsec plans new tower in the City as central London office demand edges up

Demand for central London offices has edged up new figures show, as property giant Landsec became the latest firm to make a fresh bet on employers upgrading to more ‘green’ workspaces.

Dublin Live

Substantial Dublin Airport landbank put up for sale

The landbank, which is located between the two runways, is approximately 3 km north of the M50 motorway, 4 km south of Swords and 7 km north of Dublin city centre

StockNews.com

The Top 3 Industrial Stocks to Buy Now

Technological advancements and the rising demand in commercial and residential markets should keep the industrial sector buoyed in the upcoming times. Therefore, quality industrial stocks Holcim Ltd (HCMLY), CRH plc (CRH), and CEMEX (CX) could be wise portfolio additions this month. Read on….

Evening Standard

Luxury London house prices: high-end property values on the cusp of recovery as sales in outer London slump

House price growth in central London may overtake the outer boroughs for the first time in almost 10 years

Birmingham Post

JLL finds Paradise at new Birmingham home

Property agency will relocate across city's business district to brand new office block later this year

Insider UK

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

The Independent UK

List of companies and organisations which have left the CBI

The trade body claims to represent around 190,000 businesses across the UK.

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