Plans for more than 20 houses in St Peter Port
Tyrrell Dowinton Architects said the site was currently unoccupied was primarily office accommodation, with additional workshop space and retail usage. It said the pre-application consultation showed the site was not considered to hold archeological significance. It added there was no requirements for affordable housing in the location.Tyrrell Dowinton Architects said following consultations with local estate agents, there was "a clear demand for family homes in close proximity to schools and amenities, making this an ideal setting for such a development."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
6 hours ago
- Reuters
UK's Assura snubs KKR takevoer bid in support of competing PHP offer
LONDON, Aug 8 (Reuters) - British healthcare real estate investor Assura (AGRP.L), opens new tab said on Friday that it maintains its support for a takeover bid by Primary Health Properties(PHP.L), opens new tab despite rival suitor KKR urging it to back its competing offer. Assura said it was urging its shareholders to vote in favour of PHP's $2.4 billion acquisition offer over the KKR-led bid with Stonepeak Partners. KKR had said earlier in the day that it met with Assura's board in recent days to lobby in favour of its own cash takeover offer. The U.S.-based private equity firm and PHP were locked in a months-long battle for Assura before its board backed PHP's higher bid in June. KKR said a number of factors had since changed, including a decline in the share price of both companies, which has in turn raised the premium of its own cash offer. PHP in a separate statement welcomed Assura's reaffirmation of support for its bid. Britain's competition regulator also said on Friday it was looking into a possible probe into the PHP and Assura deal if it goes through.
BBC News
7 hours ago
- BBC News
Reform needed to halt rent rises
Business leaders have called for planning reform to help halt the rising cost of rental properties in Hemans from Guernsey's Institute of Directors reacted to new figures from the States of Guernsey on the price of local properties. He said: "without accelerated planning reform, expanded housing committee action and the rapid scaling of supply, price pressures and rental inflation will remain structurally entrenched."Earlier this week the States revealed the cost of an average local market home had risen to £596,573, 2.8% higher than the previous quarter. The report said rents have continued to rise to £2,075 per month between April and June, which was 0.3% higher than the previous quarter, 5.3% higher than the second quarter of 2024 and 50.8% higher than five years Hemans said rental costs remained "painful.""Rents are likely rising faster than wages in Guernsey, pushing housing costs further out of reach for many and contributing to the island's persistently high inflation rate."
The Independent
9 hours ago
- The Independent
UK housebuilders in focus as construction woes cloud outlook
UK housebuilders will be in sharp focus as the sector grapples with construction woes, despite the Government ploughing ahead with plans to stimulate more building. Persimmon and Balfour Beatty will announce their half-year results on Wednesday, and Bellway will provide a trading update on Tuesday. York-based developer Persimmon said in May that forward sales – meaning homes ordered but not yet bought – had surged by 17% over the first three months of the financial year, compared to the previous year. It was expecting to complete the sale of between 11,000 and 11.500 new homes over the year, which would be significantly more than the roughly 10,670 it sold in 2024. However, experts said Persimmon was among the builders fighting issues 'outside of its control' in the wider property sector. Richard Hunter, head of markets for Interactive Investor, said: 'It remains to be seen whether the momentum has continued into the half-year results, or whether slowing construction activity and mortgage availability concerns remain uppermost. 'Even so, the group should eventually benefit from the extreme supply and demand imbalance in the UK, while government reforms should also prove to be a tailwind.' The Labour Government has been pushing to introduce new planning reforms to help meet its pledge to build 1.5 million homes this Parliament. The Planning and Infrastructure Bill, which is making its way through the House of Lords, includes mandatory housing targets and reforms to planning rules to make it harder to reject developments. City analyst Michael Hewson said: 'With the current Government vocal in its commitment to ramp up a housebuilding programme, you would think that housebuilders would be reaping the benefits of that. 'Sadly, the reality is somewhat different, especially where governments are involved.' He pointed to recent survey data from S&P Global, closely watched by economists, which showed UK construction work dropping at the fastest rate in more than five years in July. This was partly driven by a fresh slump for residential housebuilding, which had been showing early signs of a rebound. Construction firms said there was a lack of opportunities for new work, and hesitancy from customers to commit to projects, while some had been buying fewer materials. Meanwhile, investors will also be looking to Bellway's trading update to see how it is navigating wider sector challenges. In June, the company lifted its forecast for the number of homes it will build this year, while also reporting an increase in the level of forward sales it secured.
