At the beginning of the month, the bidding war for Morrison’s finally came to an end after Clayton, Dubilier & Rice (CD&R) outbid rival private equity giant Fortress with an offer of 285p per share. Britain’s fourth-largest supermarket chain, with nearly 500 stores had long been the subject of an extended £7 billion bidding...
This week the Innesco team has been in Saudi Arabia visiting our client Diriyah Gate Development Authority (DGDA), to strategize how to develop the historic Diriyah site into one of the world’s greatest retail destinations – Diriyah Square. Five years ago, the Saudi Government formed Saudi Vision 2030 – a strategic framework to reduce Saudi Arabia's...
This week the Innesco team attended Built Environment Network’s Garden Villages and New Towns Development Conference in London. We heard from a mixture of project directors and local government leaders debating ‘The Green Agenda’ in Real Estate – with COP26 just round the corner, it’s safe to say sustainability is the buzz word on...
On Tuesday, the Innesco team embraced the return of in-person events at Completely Retail Marketplace London, alongside a diverse array of property agents, landlords, and retail and leisure brands to discuss the market and showcase the many opportunities for new space. This year’s event, organised in collaboration with Revo, was the largest since Completely Retail...
Last week Michael Gove was appointed UK Housing Secretary, moving from his roles as Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office in the latest cabinet reshuffle. Upon his appointment Gove renamed The Ministry of Housing, Communities and Local Government (MHCLG) to The Department for Levelling Up, Housing and Communities...
Off-site food-prep sites – commonly known as Dark Kitchens - are booming in the UK in line with a surging £4.9bn food delivery market, which now makes up 8% of the overall UK food service sector. Just Eat’s announcement this week that the company will hire 1500 new employees over the coming year is...
Over the past week the Innesco team has been discussing our commutes into the office, specifically the gradual increase in commuters occupying various modes of public transport across London. This, combined with the distinct shortage of bicycle racks and ever-growing queues for the office coffee machines, has led us to the same conclusion –...
On Monday the Intergovernmental Panel on Climate Change’s (IPCC) released its latest blockbuster assessment report ahead of the United Nations Climate Change Conference (COP26) in Glasgow in November. The report detailed the extent of human damage to our planet which has wide-ranging implications for the built environment. Industry leaders labelled the report a “massive wake-up...
The debate surrounding the future of the office grabbed the UK headlines this week. Chancellor of the Exchequer, Rishi Sunak announced that young people will see their careers benefit by working in the office as part of a continuing push to persuade people to bid farewell to the home set-up, and embrace a return...
This month Innesco is celebrating its 12th Birthday – and what a journey it has been so far! The business continues to thrive since rising from the ashes of the financial crisis in 2009, gaining the trust of some of the largest, most respected, and ambitious companies in global real estate. As part of our birthday...
