Cited Property’s Post

Property and construction news…..   Savills has increased its forecast for house price growth based on an improved economic outlook. The company now forecast 21.6% growth by the end of 2028 (previously forecast at 17.9%). If this did happen the average house price would increase to £346k from its current average of £285k.   Firstsource Solutions has agreed a deal for 15k sq.ft. at Tricorn House on Hagley Road. The business process management service company will have desk space for 240 people, a training room, meeting rooms, breakout space and a kitchen.   Sutton Coldfield town centre is set to undergo a major transformation with Birmingham Property Group and SAV Group releasing artist impressions of what The Gracechurch Centre will look like when completed. Two public consultations will now be taking place. The scheme includes 700 apartments, cafes, restaurants and shops. Two thirds of the current site will be demolished as part of the plans with two new squares being created for public events.   Metalor Technologies have submitted plans for a £15m, 22k sq.ft. precious metals facility to be built on Longbridge Business Park. It is hoped that construction will begin before the end of the year.   Photograph: Latest progress at the Beorma Quarter opposite Selfridges in Birmingham   #property #construction #housing #offices #business  

Latest property and construction news…..   78-90 Colmore Row was built in 1917 and subject to planning permission is set to be extended with a single roof-top office space storey which will add 6k sq.ft. to the building. The building will also undergo a refurbishment to improve its energy efficiency and accessibility. A new business lounge, cycle storage and shower facilities will also feature.   Permission has been granted to build a 37-storey residential block on Hagley Road as part of the New Garden Square development in Edgbaston. 462 apartments, commercial and retail space, co-working space, meetings rooms and a gym all feature in the project.   Residents and businesses are being encouraged to take the opportunity to add their thoughts (online) to the proposed multi-million redevelopment of Mell Square in Solihull. The council has appointed Muse Places Ltd as the preferred development partner for the scheme.   According to Birmingham City Council, the delayed box-park big-screen in Perry Barr will be built. The park was originally planned to open in 2022 when the city hosted the Commonwealth Games. The operator has started to move containers on to the site.   A net balance of 30% of property professionals expect house sales to rise over the next few months according to the Royal Institute of Chartered Surveyors. 45% expect to see an increase over the next 12 months.   Birmingham-based property services company Centrick has been appointed by Munich-based AM Alpha to consult on a 220 to rent apartment scheme in Alcester Street, Digbeth. According to UK Finance, 980 homes were repossessed in Q2 of 2024. This was up 8% on the previous quarter and 31% up compared to the same period last year.   #property #construction #housing #offices Photograph: The Belfry Hotel and Resort - The new Masters Suite and additional bedrooms, are under construction.

Nearly 5,000 sqm of prominent Industrial land for sale South Windsor - RWC Western Sydney Owen White and Jai Sethi of RWC Western Sydney offer 1 Walker Street South Windsor for sale. The South Windsor industrial site for sale offers an impressive 139 meters of frontage to Argyle Street, with existing development approval for a 2 x lot subdivision. 1 Walker Street presents a unique prospect for owner-occupiers, developers, and investors seeking property in the highly sought-after South Windsor precinct, characterised by limited land availability," said Owen White RWC Western Sydney. The property's strategic location offers significant advantages, with close proximity to expansive industrial zones such as Marsden Park and Rouse Hill. Positioned within the Northwest growth corridor, the area is undergoing substantial infrastructure development and experiencing notable population growth. COMMO Chantel Brillantes Ray White Commercial Peter Vines James Linacre Vanessa Rader Chantel Dielwart Hannah Carney Joseph Assaf Sarah Bortolazzo Victor Sheu 许博超 Vee Li Christian Finianos Leteicha Wilson Monh Monh (Lyna) Ly Tim Snell Bridgette Collis Cassandra Glover Adam Burke #rwc #raywhite #raywhitecommercial #industrialdevelopment #industrialland #industrialconstruction #industrialengineering #industrialproperty #sydneyre #sydneyrealestate #sydneypropertymarket

Recent changes to Westminster council's planning permissions have significant implications for future super-prime real estate developments in London. These changes, part of the borough's 2019-2040 'City Plan', restrict the size of new residences or properties. According to the new regulations, no new properties can exceed 200 square metres (approximately 2,150 square feet) in size, except in cases where it is necessary to protect a heritage asset. My thoughts - "I feel that given these new implications surrounding planning in Westminster, this will no doubt hold additional value for apartments in the current new development units over 2000 sq ft,". "High-net-worth (HNW) buyers from across the globe will continue to be attracted to purchase in London, and if the quantity of best-in-class apartments over 2000 sq ft reduces, the asset value of these units will rise." This means that luxury developments featuring properties exceeding the new size limit would not receive planning permission if submitted to the council today. The new restrictions aim to create more housing, but the initial consideration of a 100 square metre limit was deemed impractical. Developers may need to re-evaluate their strategies, as they typically aim to include standout, trophy properties in their developments. One notable example is a 14,000 square foot 'townhouse in the sky' within a certain development, priced at £132 million at The Bryanston. Despite the allure of such extravagant properties, the super-prime market often sees brisk trade for homes in the range of two and a half to three and a half thousand square feet, indicating a preference for slightly smaller yet still luxurious residences. #realestate #newdevelopment

The illustrious Cadogan, Grosvenor, Howard de Walden, Portman, and Bedford Estate represent the pinnacle of London's historic and prestigious neighbourhoods, collectively known as the London Great Estates. The origins of these estates date back to the aftermath of the Great Fire of London in 1666, the period of development that followed shaped central London, and formed much of what we recognise today. These estates have been integral to London's landscape for centuries and continue to attract high demand from property buyers. Nick Dawson Deborah Stanton James Rawes Rex Chalmers #londongreatestates #primelondonproperty #luxuryrealestate #historiclondon #propertyinvestment #wealthmanagement #exclusiveliving #londonrealestate #highnetworthclients #prestigiousproperties

Prime Collingwood site for sale - Cushman & Wakefield Cushman & Wakefield experts Daniel Wolman, Raphael Favas, Hamish Burgess and Leon Ma have been appointed to market 53-57 Cambridge Street, Collingwood for sale. Following a well publicised supply/demand imbalance for housing in one of Melbourne’s inner-city pockets is reaping the benefits as developer demand intensifies around the gentrified areas of Collingwood and Fitzroy and East Melbourne. Historically home to long standing rag traders and inner city warehouses, the precinct is now having this landscape redefined with a string of high end residential, hotel, office and BTR developments filling the skyline. Daniel Wolman, Cushman & Wakefield’s International Director & Co-Head Investment Sales, VIC, commented on the demand for property within the precinct “This area is undergoing significant growth and demand, bolstered by a number of highly successful developments across several asset classes including residential, office, hotel and living sectors. “The dynamic precinct has fostered the development of a number of differing uses creating a vibrant and thriving inner-city precinct that is well activated and sought after.” Raphael Favas, Cushman and Wakefield’s Manager of Investment Sales added “Given the expansive footprint, abundance of natural light from the triple street frontages and 10 on site car parks, we expect this opportunity to catch the attention of not just developers but active owner occupier mandates on our books too.” Read more on COMMO - https://lnkd.in/g7X4Yx66 Cushman & Wakefield Daniel Wolman Raphael Favas Hamish Burgess Leon Ma Ariel Lu Brittany Delahoy Cameron Zamora Jeff Ha Joe Kairouz Josh Andrade Kaylee Ke Marcus Neill Oliver Hay Valerie Tang #collingwoodinvestment #melbre #cushmanandwakefield #collingwoodopportunity #forsale #primelocation #melbre #melbournerealestate #cushwake

Affinity Living Lancaster Wharf New luxury apartments in Birmingham from £254,189. Delivering the Affinity Living brand standards of prime location, luxury apartments and premium amenities, Lancaster Wharf will directly cater to the demands of Birmingham’s rental market. Expanding to a city where a quarter of households rent their properties, Affinity Living is a prime opportunity for Birmingham, investors and their tenants.   Development Overview: A selection of 1 and 2 bedroom apartments.  Completing Q3 2025. 23 storeys. 266 premium one and two-bedroom apartments. Projected yield 6%. 13.5% anticipated growth over the build period. Facilities including a gymnasium, two communal garden spaces, co-working space. The Location: This canal-side development is in a prime city centre location, within walking distance to Birmingham’s key attractions including The Bullring Shopping Centre, Birmingham New Street Station, and the Colmore Row business district.   Investment Overview: Prices from GBP 254,189   Payment Plan: Reservation and admin fee- £5,495. 10% on contract exchange 10% in 3 months (after contract exchange) Balance on completion. #birmingham #ukproperty #ukpropertymarket #newproperty #newbuild #invest #investinginrealestate

🔹 Some of the City of Vancouver’s tallest buildings could be built immediately adjacent to SkyTrain Rupert Station in East Vancouver, potentially rivalling the heights of Vancouver’s existing tallest building of Living Shangri-La in downtown Vancouver and various nearby existing towers in Burnaby’s Brentwood district. 🔹 Public consultation is now underway on the preliminary concepts for a proposal by MST Development Corporation — the for-profit real estate development arm jointly owned by the Musqueam, Squamish, and Tsleil-Waututh First Nations — and Aquilini Development to redevelop the former BC Liquor distribution site at 3200 East Broadway (fully addressed as 3200-3270 East Broadway and 2625 Rupert Street). 🔹 The provincial government’s former liquor warehouse property was acquired by the joint venture for $37 million in 2014. 🔹 This property is not a reserve, but the City of Vancouver is considering allowing significantly added density and height beyond policies as a measure of Indigenous reconciliation, which would ultimately provide each of the three local First Nations with significant long-term revenue for their communities. #realestatedevelopment #vancouverrealestate #transitorienteddevelopment | MST Development Corporation Aquilini Development Daily Hive

In 2023, Perth led the nation in property price growth, with median house prices rising by an impressive 15.6%, well above the national average of 8.6%. With Perth’s property market continuing to show strength and stability, we’ve highlighted the top three suburbs demonstrating excellent value, high rental demand, and significant capital growth potential for 2024. Balcatta - Located within the City of Stirling, Balcatta stands out as one of Perth’s strongest markets. Known for its diverse mix of residential, retail, and commercial spaces, the suburb offers easy access to the CBD and sees rapid property turnover, with homes typically selling in under two weeks. Balcatta remains a top choice for those looking to secure a solid home in Perth's rising property landscape. Mount Hawthorn - For those drawn to more established suburbs, Mount Hawthorn offers a blend of urban convenience and neighbourhood charm. With its proximity to Perth’s CBD and a thriving café culture, this area continues to see demand, particularly for character homes and redevelopment opportunities. Property values have risen by approximately 8.6% in the last year, underscoring Mount Hawthorn’s appeal as a premium location. Belmont - Just a short distance from the CBD and Perth Airport, Belmont combines accessibility with a competitive median house price of $545,000 and the appeal of riverfront views. With properties selling within three weeks, Belmont’s location and strong demand signal a great choice for seeking long-term and stable growth. What are your thoughts on Perth’s continued market momentum? Let us know! #perth #builders #construction #buildingtogether #constructionmanagement #architecture #contractor #homedesign #realestate #propertymarket #perthproperty

🚶♂️ 100+ new apartments for Cardigan: time to pedestrianise? 🌲 Two large new apartment complexes are going up in Cardigan Street, Carlton. It is fantastic to see new housing supply in walkable areas with lots of jobs and services. At the same time, there's a contrast that bothers me... While the private realm gets millions of dollars of investment, the public realm around these areas is stuck in 1953. Even though this precinct is highly walkable, the street is almost entirely given to cars: two traffic lanes, four parking lanes... and one tree in front of maybe 50 new apartments. The street in front of all these new homes is a sea of inhospitable asphalt, both at this location and in front of the other massive new build a few doors up. As we embrace 'gentle density' in our housing supply, public space needs to keep pace. Streets in particular should primarily be designed to support the people that live in these highly walkable precincts. It's high time that streets like Cardigan are largely pedestrianised and reclaimed as public space; one-way traffic and a single parking lane would be a more than fair balance for this kind of location. #Melbourne #property #urbandesign #development #planning #esg