Peter Bill

Bisnow; Real estate companies are in this difficult place where they feel like they have all this data. They don't want Claude or OpenAI to have access to the data,” Fundrise CEO Ben Miller said “So they're afraid to adopt the cutting-edge.” Same in UK. bisnow.com/national/news/…

Unite Group AGM statement shows weakening demand for student rooms and a company trying to concentrate on posher Uni’s after years of expansion.

DT(£) “Taylor McWilliams, a property developer with a sideline playing house music, has signed a deal with asset manager M&G to redevelop 1 Vincent Square, where Sir Ed Davey’s party was based between 2021 and 2025.” Finally got funding. telegraph.co.uk/business/2026/…

RICS survey of estate agent members produces gloom and caution.

My EG (£) column looks long at Grosvenor. At the estate’s Liverpool heyday. At a 10 year record of gentle decline, hobbled by misadventures abroad. How the rich pastures of London continue to sustain. And at a new strategy, designed to avoid past mistakes. eg.mydigitalpublication.co.uk/articles/news?…

Grainger report H1 rental income up 7.8% and a 96% occupancy levels in their £3bn BTR portfolio. Boss Helen Gordon promises 12% increase in full year profits to £60m

Landsec results for the financially literate + AI summary.

Landsec publish strong set of results for year ending March 26. Rents are growing at their “fastest rate in nearly two decades” says chief executive Mark Allan reporting a profit of £346m (£393m in ‘25)

Background notes on King’s speech. Confirmation of what’s already known basically.

Times (£) And the bad news for Canary Wharf: Jamie Dimon said on Tuesday that the Wall Street giant would “reconsider” its project for the tower in the Canary Wharf financial district if JPMorgan’s tax bill in Britain became “too much”. thetimes.com/business/compa…

FT (£) Wrong view: But Canary Wharf Group Investment Holdings recorded a pre-tax profit of £58.5mn in 2025, compared with a loss of £160mn the previous year. The value of its office portfolio rose 2.8 per cent to £4.37bn. ft.com/content/dcdb8a… via @ft

Savills AGM statement. Warning: may contain hallucinations. But stock exchange offers AI generated summaries of announcements now. Here is what the machine thinks Savills are trying to say.

Vistry AGM statement: Profits are going to be ‘significantly lower’ because we have been selling at higher discounts to boost cash flows. The Middle East war isn’t helping. But new boss is going to sort everything out with a ‘strategic review’.

NHBC echoes “perfect storm” fears as registration body reports new home starts down by 6% in Q1 over Q1 2025.

AJ (£) First glimpse of plans to redevelop BT tower revealed by architect ORMS. architectsjournal.co.uk/news/exclusive…

Building (£) The Enfield Conservative party’s manifesto said it would “immediately withdraw from the new town process” …. It said its planning policy would shift to “high-quality family homes” as opposed to high-rise blocks.” building.co.uk/news/proposed-…

CoStar (£) Demand from AI firms has boosted leasing levels in several UK office markets in the first four months of 2026. costar.com/article/260194…

FT (£) MFS owner accused of ‘plundering’ company to fund ‘lavish lifestyle’ Administrators allege that MFS funds were used to purchase UK residential properties with a value of over £950mn that were owned by nominees acting “on behalf” of Raja. ft.com/content/bc8f61… via @ft

Derwent London to spend £50m buying back its own shares. London office developer says it has sold £276m of stock in Q1 against a background of ‘very strong rental growth.”

LondonMetric and a Schroders REIT agree takeover terms for Picton Property. Price £406m made up in shares of both businesses. Leaving Schroders with a 54% controlling stake.