Battersea Power Station
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Latest property news
Agents battle it out at latest phase of Battersea Power Station
There are more than 1,000 apartments at the landmark London site, which has cost £9bn to restore and has just opened its latest phase.
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Latest property news
Less parking, more space says developer
Modernise parking, CIL and space standards to build more homes, says Moda Living. Moda Living, a developer and operator of homes for rent, with major schemes in six UK cities, has called for greater flexibility around stringent planning demands for car park spaces. In its response to the housing white paper consultation, the company said that overly restrictive car parking standards requiring inappropriate levels of car parking, exceed the requirements of the Build to Rent market as renters are increasingly “asset-light” choosing to use ride share companies like Uber or car hire brands like Zip Car. Moda Living has a pipeline of 5,000 homes across the UK’s biggest cities, it also wants reform of overly restrictive national residential space standards. Tony Brooks, Managing Director of Moda Living, said, “Huge investment is going in to considerable shared areas that residents will be free to access. It’s essential these things are considered when planners are totting up the amount of space a resident has access to. Given the choice between a tiny private balcony you can’t fit a table on to or having a slice of a much bigger, shared space, it makes sense that we consider how we can offer people…
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Agencies & People
Signs of change
Purplebricks, EasyProperty, Hatched – online agents are snaffling all the headlines, giving the Martian, arriving from space in January, the idea that traditional estate agencies have been consigned to history. Purplebricks says it will float on the AIM market for £230 million, easyProperty has now banked funding totaling £39.25 million and Sequence has paid an undisclosed but ‘significant’ sum to acquire Hatched, saving them the trouble of creating their own ‘online’ brand. Traditional agents need to research the competition and maybe adjust their services to survive – and thrive. The figures are eye-watering; massive faith in unproved businesses, dramatic headlines about how much sellers will save, gleeful predictions of the imminent death of ‘rip-off agents.’ But is it real? Is that nosy house-hunting Martian going to find defunct estate agencies on every high street? Is he going to find thousands of listings for homes on online agency sites? CEO of easyProperty, Rob Ellice, says, “This new, very substantial investment is a significant step for easyProperty; the most widely recognised consumer brand in a very fragmented estate agency market.” However, since the orange fanfare blew 15 months ago, there has been a lot of noise, but when you visit their website,…
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