Just under half of London’s local planning authorities have introduced or intend to introduce a ban on developement under the commercial-property-to-housing permitted development right (PDR) introduced this month, citing concerns over a loss of business space and poor-quality homes, a Property Week investigation has revealed.

Cadogan Estates chief executive Hugh Seaborn has said he is “very concerned” about the impact of the government’s withdrawal of tax-free shopping for international vistitors, particularly in London’s prime retail spots.

BNP Paribas and DekaBank have provided a new, five-year £120m loan secured on The Point, Paddington, a 233,539 sq ft HQ multi-let office building in central London that was purchased by Tishman Speyer in 2014.

An affiliate of KSL Capital Partners has provided a loan of up to £85m to an affiliate of Resolution Property to refinance the development facility secured on the recently opened Hyatt Place, London City East hotel.

Beavertown Brewery is poised to open its first ever pub called Corner Pin, in Tottenham, London, early next month.

Abu Dhabi Islamic Bank (ADIB) has provided structured financing of AED124m (around £24m) for a purpose-built student accommodation asset located in Kingston upon Thames, London.

Abu Dhabi Islamic Bank (ADIB) has provided structured financing of AED124m (around £24m) for a purpose-built student accommodation asset located in Kingston upon Thames, London.

Central London office take-up in Q2 2021 returned to levels last seen pre-pandemic, according to data from Cushman & Wakefield. Total take-up hit 1.8m sq ft, an increase of 39% on the previous quarter and the highest level since the beginning of lockdown in March last year.

Pret A Manger is planning to roll out 100 shops beyond London through franchise partnerships.

Residential developer and housebuilder Hibau has launched in Kent to build luxury homes in the county.