Kier’s £11.6bn order book points to a steadier construction market — but the recovery is becoming more selective
Kier’s order book has risen to a record £11.6 billion, giving one of Britain’s largest contractors unusually strong visibility over future work and offering a useful signal for the wider construction market. In its latest half-year results, the group said the order book had increased by around 5% from £11.0 billion at 30 June 2025, […]
Major housebuilders pull back as weak demand threatens UK housing targets
Britain’s major housebuilders are entering the next phase of the market with one foot on the brake, raising fresh doubts over whether the government can get anywhere near its ambition of delivering 1.5 million homes in England during this Parliament. The clearest warning has come from Barratt Redrow, the country’s largest housebuilder, which has cut […]
Global tensions in the Middle East raise fresh uncertainty for property markets — and London is watching closely
Rising geopolitical tensions involving Iran and the wider Middle East have introduced a new layer of uncertainty to global financial markets, and the property sector is among those watching developments most closely. While the real estate industry tends to react more slowly than equities or commodities, analysts say conflicts that affect energy prices, inflation and […]
Pension capital moves into Lambeth as £350m rental neighbourhood planned for former hospital site
Legal & General has acquired the former Lambeth Hospital site in south London with plans to deliver a £350 million build-to-rent neighbourhood of around 700 homes, marking one of the most significant residential regeneration projects currently emerging in the borough. The six-acre brownfield site, located on Landor Road between Clapham, Stockwell and Brixton, has been […]
L&G backs Shell’s Southbank Place with £385m refinancing, reinforcing confidence in prime London offices
Legal & General has completed a £385 million refinancing of One and Two Southbank Place in Waterloo — the office buildings that include Shell’s UK headquarters — in a deal that underlines the continued appetite of institutional capital for prime, well-let London assets. The transaction, agreed with developer and asset manager Almacantar, increases an existing […]
TfL goes to market on Bakerloo upgrade works, opening decade-long pipeline for contractors
Transport for London has formally begun early market engagement for the first phase of infrastructure works required to upgrade the Bakerloo line — a move that signals the start of what could become one of the capital’s most technically complex rail programmes of the next decade. The engagement relates to Bakerloo Line Upgrade (BLU) Stage […]
China’s new London embassy approved: heritage restored, tensions imported — and a new fault line for the Royal Docks–City fringe
The government has granted planning permission for China’s new embassy at Royal Mint Court, close to the Tower of London — ending a long-running planning battle but opening a new phase of argument about security, protest, heritage and the character of a sensitive corner of the capital. The approval, signed off on 20 January 2026 […]