PropCast

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 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.

With the news that Michael Gove will block the demolition of Oxford Street’s Marks & Spencer until ministers can scrutinise the development plans, it’s the perfect time to listen to our previous PropCast with Perkins & Will’s Asif Din, IMMO Capital’s Anna Clare Harper, and Blackstock Consulting’s very own Patrick Brown, who discuss the implications of demolishing versus retrofitting the flagship store when it comes to overall environmental impact.

Listen via Apple Podcasts or Spotify or SoundCloud.

Today in Numbers

Around 52 percent of builders aren’t prepared or aware of the changes to building regulations coming into force in England in June, Showhouse reports.

According to the latest survey from the Federation of Master Builders, material prices are impacting bottom lines with 98 percent of builders having had material costs increase and 83 percent passing on these costs to customers.

In addition, 73 percent of small builders have delayed jobs because of a lack of materials.

Political Outlook

Prime Minister Boris Johnson’s tough new stance on the post-Brexit status of Northern Ireland could provoke an EU into trade war, worsening the cost of living crisis, The Financial Times reports.

The proposed Northern Ireland bill would give ministers sweeping powers to tear up the Northern Ireland protocol, Johnson confirming he is prepared to legislate to allow ministers to revoke parts of the protocol.

Cabinet minister Suella Braverman says a minority of men in politics ‘behave like animals’, The Independent reports.

The attorney general’s comments come after an unidentified Conservative MP was accused of watching pornography in the Commons chamber, with the matter being referred to a parliamentary watchdog.

Economic Outlook

Barclays has issued a warning over the impact of the cost of living crisis, saying that its customers were already facing “harder conditions” as a result of surging inflation, Guardian reports.

The high street bank has put aside £141 million to cover potential defaults on its loans in the first quarter – almost three times the amount put aside during the same period in 2021.

Barclays has downgraded its economic forecasts, with UK GDP now expected to grow 5.7 percent in 2022, compared with previous forecasts for a 6.2 percent rise.

Workers in the UK are set to lobby their employers for a pay rise in a bid to cope with a tightening cost of living squeeze, City AM reports.

One in two workers are expecting their employers to increase their wages this year,with most ranking pay as their top factor luring them to a job.

Housing Market

Gatehouse Bank and TPG Real Estate Partners have partnered to launch a platform for the UK build to rent sector aiming to develop 2,500 homes, Property Week reports.

The joint venture — named Start Living — will forward fund developments and two are available at Lakeside North in Scunthorpe.

A further two sites have been acquired in the West Midlands and another in Nottinghamshire, with housebuilders Countryside and Vistry developing the first four locations.

Retail, Leisure & Hospitality

Sainsbury’s shares dropped more than 5 percent in the early morning of Thursday trading after the company warned its profits would drop because of inflation, City AM reports.

The supermarket estimated that it will have an underlying profit before tax of between £630 million and £690 million in 2022/23 compared to £730 million in 2021/22.

Tesco has told suppliers they need to move three times as fast in cutting down on plastic, Retail Gazette reports.

The supermarket is aiming to remove plastic from 5 billion products by 2025 and warned suppliers that it reserves the right to delist products that don’t comply with its plastic policy.

Offices

Flexible workspace operator MyWorkSpot has signed a lease for a second site in Maidenhead, Property Week reports.

The company will occupy the entire building, comprising 11,000 sq ft of grade-A space, and has signed a 15-year lease from Hawk Investment.

Construction work has commenced on the building and is expected to open this summer.

Planning

Urban Village Group has received planning permission to build a multi-million pound canalside care scheme in Lancashire, Housing Today reports.

The developer will deliver 70 en-suite bedrooms and seven supported living apartments in Eleanor Street, Blackburn.

Once completed, the care home will be let to Bracebridge Care Group for a minimum of 25 years.

Transport & Logistics

Plant exporter Javado Vastgoed has appointed Cushman & Wakefield to explore the sale of its €20m Dutch warehouse, React News reports.

The Dutch logistics market continues to be red hot with a plethora of investors lining up deals, with the first round of bids expected soon.

Around 100,000 Londers received a disability badge from Transport for London (TfL) over the last five years, City AM reports.

The campaign is about encouraging Londoners to be more mindful of other people and give their seat up if they see someone who needs it more.

“It is vital that we ensure that everyone can travel comfortably and safely; however, it’s especially important for those with accessibility requirements,” said TfL’s chief customer officer Mark Evers.

Sustainability

Student accommodation operator Student Unite has announced £65 million sustainability upgrades across three Manchester properties, BDaily reports.

Work on all three projects is due to be completed by September 2022.

Tom Brewerton, group development director at Unite Students, said: “The business recently launched its refreshed sustainability strategy and pathway to net zero by 2030. Upgrades like these in Manchester form a central part of the journey. We are determined to operate in the most sustainable and resource-efficient way we can.”

Construction

The construction industry needs to recruit more than 50,000 workers a year above current levels to meet expected growth, Building reports.

The forecast comes from the Construction Industry Training Board (CITB), included in the Construction Leadership Council’s (CLC) skills plan for 2022.

Construction experts are set to introduce a standardised concrete carbon rating system to make it easier for clients and designers to choose low-carbon options, Construction Enquirer reports.

This is one of the chief recommendations detailed in a Low Carbon Concrete Route Map to set out a path for reducing the impact of concrete on global CO2 emissions.

Further Reading

Ben Stokes has been named England Test captain, replacing former captain Joe Root, BBC News reports.

Stokes, who has scored 5,061 runs and taken 174 wickets in 79 tests, was previously vice-captain across two spells since 2017.

Streaming services including Netflix, Disney+ and Amazon Prime are set to be regulated by by Ofcom for the first time, BBC News reports.

The culture secretary said the proposal for Ofcom regulation would protect audiences from harmful material.

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.

Climate50’s Leading Climate Tech Investors: Vote Now

A/O PropTech is Europe’s largest specialist proptech VC, with €250 million to invest in built world technology in order to decarbonise the world’s largest asset class – real estate.

Climate50 is holding its annual poll of the leading climate tech investors, and we can think of no one more deserving than A/O. Vote for them on the Climate50 website using this link.

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 www.blackstock.co.uk 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 info@blackstock.co.uk