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Grainger has been selected as Transport for London’s preferred partner to build and manage more than 3,000 homes for rent across the city. The partnership is expected to provide homes over eight sites next to stations, including at the Limmo Peninsula in Canning Town, where there is said to be potential for up to 1,500 homes. A minimum of 40% of the homes will be affordable, with the remainder mostly for the private rental market. The FTSE 250 landlord fought off competition from Argent Related, a regeneration specialist, and Greystar, an American rental housing developer.
Construction Enquirer (01/04/2019)
House prices are lower in England compared with a year ago - the first annual fall in property values since 2012, according to the Nationwide. In the first three months of the year, prices in England were down 0.7% from the same period in 2018. The average house price rose to £213,102 in March from £211,304 in February. London remained the weakest performing region, with prices 3.8% lower than the same period in the previous year. It represents the seventh consecutive quarter in which prices have declined in the capital.
The Times (29/03/2019)
The UK construction sector contracted again in March, according to IHS Markit and the Chartered Institute of Purchasing and Supply (CIPS) construction purchasing managers’ index, which stood at 49.7 for the month - down from 49.5 in February and the first consecutive fall in output since August 2016. Housebuilding continued to record moderate growth but civil engineering fell and commercial projects dropped off at the fastest rate since September 2017.
Financial Times (02/04/2019)
A new show apartment has been unveiled at Royal Docks West, a development of 79 apartments at the Royal Victoria Dock, part of a hub that includes the ExCel exhibition centre, and a number of restaurants and bars. It also includes floating hotels, watersport facilities and, during the summer months, an urban beach. Two-bedroom flats at the Mount Anvil-developed project – which come with full-height glazing and a double-aspect corner terrace start at £685,000.
Evening Standard (25/03/2019)
Residents of New Capital Quay - an exclusive development covered in dangerous Grenfell-style cladding - are to take legal action against Galliard Homesover the slow progress in making their flats safe. The Greenwich apartment complex, which is home to 2,000 people, is thought to be the largest site in the UK with the cladding that was partly blamed for the rapid spread of the fire which killed 72 people in Grenfell Tower in June 2017.
The Daily Telegraph (24/03/2019)
Over 1m new homes could be built on brownfield sites currently unused across England, with 8,277 separate sites in England having been identified as suitable for housing by councils. London could supply a minimum of 170,000. according to research by the Campaign to Protect Rural England (CPRE). The campaign group is now calling on the Government to adopt a "brownfield first" policy to encourage councils to prioritise empty sites which have previously been built on for housing developments.
The Daily Telegraph (25/03/2019)