This week may have been one of the hottest on record, but that hasn’t stopped the commercial property sector from constantly growing and evolving.
Last time we looked at Asian investors in London, PropTech advancements, an office relocation and funding the construction skills gap.
This week we’re looking at delays for Brent Cross, Edinburgh as a tech hub, a solar plant portfolio and London’s employment popularity.
Brent Cross Extension Hit By Delay
The £1.4bn Brent Cross shopping centre redevelopment has hit snags and is now delayed by 6 months. The scheme will now begin in January 2019, pushing the completion date to 2023.
Hammerson and Standard Life Investments have a £700m construction package being delivered by Laing O’Rourke.
according to a Barnet Council committee report the delays have been due to purchase orders for land.
The regeneration of the area will more than double the size of the existing centre. Opening up 2m sq ft of leisure and retail space.
Find out more about this news story via Construction Enquirer.
Edinburgh is The Best Place For Tech in UK
The Scottish city of Edinburgh had been dubbed the world’s best city for millenials to move to by Deustche Bank. This spurred Tech Nation to survey 3,428 people working in the tech sector
It turns out that Edinburgh is the most positive community about opportunities to scale up of any other city in the UK. 87% surveyed rated Edinburgh the best place for digital growth.
The second best city went to London at 79%, then Birmingham at 71% and lastly Leeds at 70%.
Find out more about this news story via Commercial News Media.
Investor Snaps Up Solar Plant Portfolio
NextEnergy Solar Fund (NESF), a specialist investor, have acquired 10 solar plants across various parts of the UK.
The sites in total have an impressive capacity of over 45MWp and the company bought all 10 sites for just under £53 million.
The company’s portfolio now stands at a staggering 75 assets with a capacity of over 620MWp and a combined investment value of over £792 million.
Find out more about this news story via Insider Media.
London is World’s Most Popular City For Work
In a massive survey of 366,000 overseas workers from nearly 200 countries, London has been found to be the most popular city for work.
The first study, created 4 years ago, saw London at the top spot then also, but with the good news has to come some bad.
The survey also revealed that we’re no longer the 2nd most popular city for overseas workers, we’re now in 5th place. But what caused the dramatic drop?
Find out more about this news story via City AM.
That’s all for this week, make sure to stay tuned for more commercial property news. If you want even more up to date information then please visit our Twitter page at @VAT_BRIDGE – where you’ll find a whole bunch of daily news and insights.