The Subplot | Riots and regeneration, Unesco, Euro millions
Why, 40 years on, the Toxteth riots are still changing the way the North West gets rebuilt; Unesco and Liverpool are talking at cross purposes about the waterfront heritage site, and another £200m-plus from Europe targets Manchester offices.
The Subplot | Eviction ban, co-living questions, funny numbers
The continued ban on commercial tenant evictions could cause trouble in the North West, the co-living sector is on the brink of consolidation. Is this a sign of a sector under stress? And ‘Top city’ lists to drive you crazy
The Subplot | Freeport afloat, Lancaster rethink, Selfridges
Climb aboard the Liverpool Freeport as the venture’s board prepares for a spring 2022 launch, Lancaster City Council’s new Green Party leader opts for realism over rhetoric at the long-awaited Canal Quarter development and why you – yes, you – would sell Selfridges, if you owned it.
The Subplot | Nikal, inflation worries
Manchester-based developer with schemes in Blackpool and Altrincham is radically reshaped by its new boss and inflation is rising steadily, particularly in the construction sector. The North West property industry is waking up to the risks.
The Subplot | Business parks, Neville and Flintoff
Gary Neville and Andrew Flintoff moved into Manchester real estate. How’s it going so far? The landlords of the North West’s suburban offices have had a difficult couple of decades. It taught them lessons that are now paying off, and the selection of a development partner for the £1.5bn ID Manchester scheme is nearly complete.
The Subplot | Senior living, big money from Bolton
North West developers and investors are looking for ways to make mixed-age and senior living BTR a commercial success, Bolton-based Pitalia Real Estate lines up £180m deals, including a monster subject-to-planning buy and at what point do urban logistics yields get silly?
The Subplot | Electric car charging, Manchester Arndale
Electric vehicle charging points are the latest hot amenity for offices, sheds, residential and retail. But do landlords and developers have some tough choices to make? And the future of Intu’s stake in the Manchester Arndale, revealed, and it is going to be complicated.
The Subplot | Quintain talk, peak hotel, Manchester offices
Texas-backed build-to-rent developer Quintain Living hints that a Manchester debut could be approaching. Has Manchester reached Peak Hotel? Hoteliers and developers think, for now, it probably has, and office take-up data for Q1 2021 needs careful reading.
The Subplot | Manchester meltdown, Middle East money, Goldman Sachs
Following the surprise departures of the growth director and the cabinet member for regeneration, who will go next at Manchester City Council? That wave of Hong Kong investment coming to Manchester? Don’t hold your breath and Birmingham wins something, try to be happy for them.
The Subplot | Greensill’s offices, Lancaster’s hopes, Toys R Us
Does the Greensill collapse leave a property nightmare behind? Lancaster City Council rethinks the Canal Quarter scheme yet again and Botany Bay boss Tim Knowles manages to keep smiling, despite the trauma of taking on the Toys R Us portfolio and its £363m debt.
The Subplot | Birkenhead, Liverpool offices, student housing
Birkenhead’s new 2040 Framework promises 21,000 new homes, but it means some brave decisions by Wirral Council. The Liverpool office market has hit the bottom, the only way is up. And a variation on student housing is heading for Lancaster and Liverpool.
The Subplot | Last-mile, flex hopes, Salford’s secret millionaire
Parcel depots and last-mile logistics sites are the hottest properties in the North West. Is the market in danger of overheating? Will flexible workspace help fill city centre blocks? Yes, but not every landlord can expect to be rescued and the shy but canny investor behind the £350m Great Jackson Street skyscraper plan.
The Subplot | Co-living, levelling up and spies
Co-living schemes are moving ahead in Manchester and private equity players think they have spotted an opportunity for high returns, are they right? Boris Johnson’s ‘levelling up’ agenda provides a £4.8bn property opportunity, which North West developers are hoping to exploit? And the latest on North West spy property.