Blackstock Consulting’s Daily Briefing



Our weekly podcast has been running for nearly four years, engineered by broadcast professionals ensuring high-quality audio and top-class conversation. Informal, but highly informed. We partner with Property Week, who run high-quality articles alongside each audio episode.

We feature one-to-one interviews with company chiefs on BossCast and three-way debates on every imaginable topic.

If you would like to take part or chat to us about hosting your events or providing broadcast media training, do get in touch here with Blackstock founder Andrew Teacher.

Our latest podcast features Roger Wade, the serial entrepreneur and founder of Boxpark. In one of the last interviews before Roger stepped down from his position as CEO of the company, he sat down with Andrew Teacher to discuss his vision for the future of retail, what government and industry can do to save the high street, and why sometimes you should trust your gut over a spreadsheet – all in one of the liveliest episodes of BossCast yet.

Listen via Apple Podcasts or Spotify or Soundcloud.

Previously, Andrew spoke to Marcus Meijer, founder and CEO of MARK, the pan-European real estate investment manager formerly known as Meyer Bergman. Last year, the firm partnered with Credit Suisse to invest in rental housing in Germany and the Netherlands through its new residential platform DOMA.

“It’s very granular – it’s more granular in some ways than Crossbay in terms of the sizes of the assets that we buy. But that also makes us more competitive, because it’s just more difficult for competitors to get that close to the asset and to execute that strategy so quickly,” Meijer says.

Listen via Apple Podcasts or Spotify or SoundCloud.

Today in Numbers

New lending volumes reached £49.8 billion in 2021, finds Bayes Business School in React News.

This is ​​48 percent higher than 2020’s total.

Development lending made up 20 percent of new origination in 2021, and the percentage of underperforming or defaulted loans halved – from 4.6 percent to 2.3 percent.

Political Outlook

Every single local council seat in London was contested in the UK’s local elections yesterday, reports BBC News.

In total, nearly 200 councils were contested across England, Scotland and Wales, and Northern Ireland elected the 90 members of its Assembly.

Both Keir Starmer and Boris Johnson have been accused of breaking lockdown rules, but polling in the run up to the election suggested Labour would perform better.

A YouGov poll in the Times yesterday predicted swings of varying degrees from the Conservatives to Labour – mainly in the South of England where the Conservatives may lose key councils like Wandsworth and Westminster.

Earlier in the week, Electoral Calculus predicted the Conservatives were on course to lose almost 550 seats, with Labour gaining over 800 and controlling twice as many councils.

Boris Johnson being found guilty of attending a party during lockdown, and the perceived weakness of the government’s response to the cost of living squeeze were main themes in the run up to the election.

YouGov polls also predicted that Labour would face ‘real difficulties’ winning over former ‘red wall’ seats in the North of England.

Economic Outlook

The Bank of England has raised interest rates to 1 percent, reports the Guardian.

The Bank said they expect inflation to hit 10 percent this year, and that the 25 basis points increase was to help inflation return to 2 percent.

The Bank said that higher energy prices and supply issues with goods are the main drivers of inflation and that there was only so much monetary policy can do to reduce the cost of living.

While in the US, the Federal Reserve has raised interest rates 50 basis points to 1 percent, reports the Telegraph.

The S&P 500 closed 3 percent higher after the announcement, as traders had feared a larger interest rate rise of 0.75 percent.

Housing Market

The Financial Times reports on rising mortgage rates causing a slowdown in the UK’s housing market.

Higher home loan costs and the cost-of-living crunch are taking their toll on prospective buyers.

House prices are expected to fall by 2023, and economists predict a drop as buyers will be able to borrow less.

Stamp duty bills have almost doubled in the past 2 years, after the housing frenzy gave the Government a tax windfall, The Telegraph reports.

The average house price in England has risen by 20 percent to £295,888, meaning the tax bill on a typical home has increased to £4,794 – £2,359 more than two years ago.


CBRE Investment Management has purchased a Berlin office complex, reports React News.

The three buildings, two of which are listed, have a GLA of 12,400 square metres and were bought through a sale-and-leaseback agreement.

The sales price was around €150 million, and CBRE will upgrade the building’s sustainability credentials.

Retail, Leisure & Hospitality

Boris Johnson’s government is alleged to have scrapped long standing commitment to bring in legislation so that staff don’t have to share tips with their employers, ITV reports.

The TUC has said that scrapping the plan will amount to a betrayal of workers.

McColl’s, a convenience store retailer, has stated that the chain is likely to go into administration, Retail Gazette reports.

The company which has over 1,100 stores and 16,000 staff has been hit by supply chain issues and inflation.

Transport & Logistics

Prologis has been chosen as the preferred buyer for a €270 million warehouse portfolio, reports React News.

The super-prime warehouses are located in logistics hubs in the Netherlands, and have strong ESG credentials.

Together, the warehouses have a combined rental income of €8.8 million per year.


India has ramped up coal production to record levels amid an extreme heatwave, The Independent reports.

The country has been suffering from regular power cuts during the heatwave, as air conditioning adds to strain on the national energy supply.

India relies on coal for 70 percent of its electricity, and the heatwave is creating a surge in demand.

Construction and Planning

The construction company Morgan Sindall has said their overall order book remained stable at £8.6 billion in the first quarter of 2022 despite supply chain issues, Construction Enquirer reports.

However, the company’s average daily net cash flow in the first quarter of 2022 was £279 million, an £11 million drop from the same period in 2021.

The cost of steel and timber shot up in March this year as a result of the war in Ukraine, Construction News reports.

The cost of fabricated structural steel, a category of steel commonly used in construction and often produced in Russia and Ukraine, has increased dramatically rising by 54 percent in just one year.

Further Reading

The Times reports on some of the 19 investors who have backed Elon Musk’s $44 billion purchase of Twitter with a $7 billion dollar funding package.

The Guardian reports on the incoming heatwave set to hit Southern England next week.

LANDMARK REPORT: Radical Capital

Blackstock’s new report mentioned in the Financial Times, The Sunday Times and the BBC.

Blackstock Consulting is proud to announce the publication of Radical Capital, our landmark new report into the Oxford-Cambridge Arc produced in partnership with Bidwells.

*Download your copy of the report here*

Radical Capital brings together over 60 of the most influential names from industries and organisations across the Oxford-Cambridge Arc, harnessing the power of collaboration across academia and the private and public sector. Contributors range from AstraZeneca and Santander UK to Wellcome Sanger Institute and Oxford Science Enterprises.

Our unique ‘capital’ approach, encompassing Knowledge, Global, Natural, Connective, Human and Future Capital, allows us to identify avenues of investment and expertise for the Arc to grow and develop. The report is a landmark of cross-sector collaboration, making key policy recommendations to supercharge the Arc and double its contribution to UK GDP by 2030.

The policy team at Blackstock has worked tirelessly over the last eight months to produce this report. Along with our Life Sciences Innovation report co-authored with Perkins&Will, we offer an unparalleled level of insight into real estate and the built environment.
ULI Europe Conference 2022: Connect with the World of Real Estate

Registration has now opened for the 2022 ULI Europe Conference: the Urban Land Institute’s flagship pan-European event, which brings together senior real estate leaders and experts to explore the extraordinary social, geopolitical, and macro-economic challenges and opportunities facing us now. The 26th edition will be taking place in person in Brussels, Belgium, on 11-13 May.

Prime Minister Alexander De Croo of Belgium will deliver the opening keynote speech and delegates will hear from renowned thought leaders, including Tina Fordham, partner and head of global political strategy, Avonhurst; Ronen Journo, senior managing director and head of European management services and operations, Hines; Nathalie Palladitcheff, president and CEO, Ivanhoé Cambridge; and Jonathan Rose (2021 ULI Prize for Visionaries in Urban Development Laureate).

The main conference sessions will be complemented by a busy program schedule that includes conference dinners, site tours, product council meetings, a Global Capital Markets Forum, a Young Leaders & NEXT Forum, as well as exclusive leadership events.

Blackstock delivers corporate and financial PR, research and thought leadership for some of the biggest names in real estate, architecture and proptech. We help companies launch platforms, raise capital, resolve crises and manage day-to-day communications with partners, customers and investors. Our 20-person team works tirelessly to deliver industry-leading, award-winning work.

These briefings are read by more than 12,000 people every morning. Make sure your colleagues and friends are as informed as you and have them sign-up using this link.

Please subscribe to PropCast, our weekly podcast covering emerging trends and leading voices. Get it from our website and via Apple Podcasts or Spotify. Check out for our insights, case studies and reports.

Blackstock’s in-house research team produces all our content. Due to growing requests, we are now looking at introducing sponsored segments. Please contact our senior director Jamie Bullen, editor of the briefing, here.

Life Sciences Innovation: Building the Fourth Industrial Revolution

Our report Life Sciences Innovation: Building the Fourth Industrial Revolution is the most comprehensive report produced on the life sciences sector.

Produced in-house by Blackstock Consulting, and commissioned by Perkins&Will and Savills, the report brings together investors, academics and real estate industry professionals to investigate the trends shaping the life sciences.

Download the report on our website, or read The Guardian’s exclusive coverage.

If you’d like to organise a briefing, please email