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Devolution roadmap targets 100% local business rates retention by 2030
England’s devolution roadmap proposes letting metro mayors retain 20% of locally generated business rates from April 2027, rising to full local retention by 2030.
England’s devolution roadmap proposes letting metro mayors retain 20% of locally generated business rates from April 2027, rising to full local retention by 2030.
Source: Property Week · Originally published: 2026-10-29T13:35:53+00:00
Tritax London Logistics Fund reaches £1bn milestone
Tritax London Logistics Fund has exceeded £1 billion in assets under management and plans to raise another £150 million over the next year to expand its London logistics portfolio.
Tritax London Logistics Fund has exceeded £1 billion in assets under management and plans to raise another £150 million over the next year to expand its London logistics portfolio.
Source: Property Week · Originally published: 2026-10-29T10:31:03+00:00
Investment sentiment for commercial property weakens amid lending cost squeeze
RICS’ third-quarter UK Commercial Property Monitor shows weaker investment sentiment and tighter credit conditions, despite stable occupier demand.
RICS’ third-quarter UK Commercial Property Monitor shows weaker investment sentiment and tighter credit conditions, despite stable occupier demand.
Source: Property Week · Originally published: 2026-10-29T10:19:22+00:00
Sovereign wealth funds brace for UK property tax raid
Property Week reports that foreign sovereign investors will face UK property income and gains taxes from 2029, with a proposed 15% rate for investments through REIT structures.
Property Week reports that foreign sovereign investors will face UK property income and gains taxes from 2029, with a proposed 15% rate for investments through REIT structures.
Source: Property Week · Originally published: 2026-10-29T13:37:49+00:00
JLL strengthens retail capabilities with acquisition of KLM Real Estate
JLL has acquired London retail property adviser KLM Real Estate for an undisclosed amount, adding 17 colleagues and expanding its UK retail leasing, investment and consulting services.
JLL has acquired London retail property adviser KLM Real Estate for an undisclosed amount, adding 17 colleagues and expanding its UK retail leasing, investment and consulting services.
Source: Property Week · Originally published: 2026-10-29T13:48:29+00:00
Business demography, quarterly, UK: July to September 2026
UK business creations fell 3.5% year on year to 69,895 in the third quarter of 2026, with accommodation and food services among the industries recording the largest declines, according to the ONS.
UK business creations fell 3.5% year on year to 69,895 in the third quarter of 2026, with accommodation and food services among the industries recording the largest declines, according to the ONS.
Source: Office for National Statistics · Originally published: 2026-10-29T00:00:00.000Z