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London elections: results round-up

Labour and Conservative London councils across 32 authorities saw little change in the 2018 local elections, which took place on 3 May, but with significant wins for Liberal Democrats.

Councils buy 3.8 billion in commercial assets

According to new research, local authorities have spent 3.8 billion on acquiring commercial properties throughout the UK.

Rented homes grow by a third

Property research data has found approximately a one-third increase of build-to-rent homes in various stages of development since the beginning of 2017.

Government land sales net 620 million

According to its annual property report, the government reduced its estate size by nearly 100,000sq m throughout 2017, earning 620 million in capital receipts.

Cabinet launches assets agency

An executive agency of the government's Cabinet Office to improve the efficiency of public assets and generate benefits was launched on 1 April.

TfL approves deal on Bond Street offices

Placemaker Grosvenor Britain and Ireland has struck a deal with Transport for London (TfL), to develop an office building above the new Bond Street Elizabeth line (formerly Crossrail) station.

Big pharma in Basingstoke?

Basingstoke and Deane Council has announced plans to release funds from its growth initiative to develop an office building, which will house the UK headquarters of a prominent American pharmaceutical company.

Council appoints growth director

Waltham Forest Council has appointed development expert Stewart Murray as its strategic director of economic growth, to lead on property, asset management and regeneration planning from 1 May 2018.

Redbridge Council launches development company

The London Borough of Redbridge has launched Redbridge Living, a development company that will deliver homes for sale, private rent and social rent using council-owned land.

Record site sale for NHS Property Services

Housebuilder Bellway Homes has purchased the vacant St. George Hospital site in Hornchurch, in the London Borough Havering, for a record 40 million.

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