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"Rishi answered two key questions about the new Residential Property Development Tax (RPDT) (which will be introduced in April 2022 with an aim to raising at least £2bn in the next 10 years to help pay for remediation of high-rise residential buildings):   The rate 4%; and Application to substantial property developers where the profits of the company (or if relevant the group) exceed an annual allowance of £25m.   This clarification is welcome but with less than 6 months to go before implementation,

Commenting on today’s Budget announcement that the £5bn allocated by the government to tackle unsafe cladding at high-rise apartment blocks will be partly funded by a tax on residential property developers with profits of over £25m, Scanlans partner Ian Magenis said: “It’s a shame that, four years on from the Grenfell Tower tragedy, plans are still being talked about for making buildings safe when the need is immediate and urgent.   “The government is still not addressing buildings under 18 metres in heig

Leasehold Knowledge Partnership, the leaseholders charity, are pleased to announce the accreditation of Adam Church Ltd, the Bristol-based block managers who declare that “one of our biggest joys is seeing unethical freeholders and their expensive agents get the boot”. ADAM CHURCH being a positive, forward-thinking managing agent that seriously cares about leaseholders, residents and the buildings, aligns perfectly with LKP’s vision of transparency, accountability and professionalism in a free and competi

Experts at national law firm Irwin Mitchell say the Government still needs a consistent strategy towards how it handles the “cladding crisis” and calls the Chancellor to pledge extra funds in the Budget tomorrow. The Government has already announced £5 billion will be available to redress the issue so far, but experts predict this figure is needed to be three times that. Already over half of the initial £1 billion cladding remediation fund has been claimed, leading to concerns that funds will not be suffi

We are delighted to announce the shortlist for this year's NOTB Awards 2021. It is a fantastic achievement to be a finalist, especially this year.  After what has been a challenging 18 months for the industry, and the entire country, we didn’t want anyone to miss out this year. Therefore, we decided we would bring both PMAs and ERMAs audiences together for one joint event and celebration to welcome you all back! Our independent judging panel has reviewed all of the entries and the scores are now in. T

neo-lender Proportunity has raised £105m ($150m) investment through debt and equity funding as it aims to support more people achieve their UK home ownership dream. The new investment follows a £7.3m ($10m) funding round in 2020 for the London-based fintech.  This latest debt and equity round was led by VentureFriends, Kibo Ventures and existing investors Anthemis, Entrepreneur First, and new UK proptech investors Amro Partners. The new investment will enable Proportunity to grow its team and will go towa

Tickets are available for IRPM’s first in-person event after two years, to be held on 1 December at the QEII Conference Centre in Westminster. The IRPM Winter Conference will be full of critical content and industry insight and will run in tandem with an exhibition allowing attendees the opportunity to speak to industry suppliers, face-to-face.  It will also provide property managers with a much-needed networking opportunity after months of Zoom calls. To celebrate not only being able to meet again we als

The new Building Safety Act and its requirement for a ‘Golden Thread’ of accurate, up-to-date building safety information will have profound consequences for the UK construction and leasehold sectors. The Building Safety Bill is currently making its way through Parliament.  The Bill, which follows the Grenfell Tower tragedy and the subsequent Hackett Report, is being presented by the Government as ‘the next step in ground-breaking reforms to give residents and homeowners more rights, powers and protection

FirstPort has been recognised for its commitment to improve and strengthen its environmental performance and process systems’ management. Receiving both ISO internationally-recognised management standards positions FirstPort as a leader in the industry.   The IS0 14001 accreditation, looks at how an organisation’s activities affect the environment, and identifies continuous improvement plans around its sustainability efforts.   The accreditation recognises the clear commitment and focus made by FirstPort

Retail firm John Lewis is considering all of its department stores and Waitrose supermarkets as possible sites to build new homes. The company, the John Lewis Partnership (JLP), has set a target of 10,000 new homes over the next 10 years. And it has announced that all of its 365 retail sites are being considered for private property development – a move which has shocked many industry leaders. JLP has identified 20 sites for build-to-rent properties and is expected to submit its first two planning applica

Welcome to Billie Shuter and Joanna Medley. Billie Shuter has been promoted from Deputy Head of Property Management to Regional Director (West), and we welcome Joanna Medley as Regional Director (East). Billie is responsible for our Birmingham, Manchester, Cardiff, Newbury and Plymouth teams. She brings over 12 years of experience as an accomplished Property Manager, to the team. Billie has worked in a variety of fields including estate agency, lettings, and block management, both for independent and nati

Leading property management agent Rendall & Rittner has appointed Lee Johnson as Divisional Director for the South West Division. Following an exemplary military career, Lee has enjoyed a variety of roles in the property management sector, gaining experience at a range of companies, most recently, as an Associate Director for Mainstay Residential Ltd. With an expanding portfolio across the South West, Rendall & Rittner manages several residential developments and on-site facilities across the region. The