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The Pegasus Report - Issue #112

Hi everyone, I hope you all had a great weekend! Let's dive in to today's Pegasus Report!
May 18 · Issue #112 · View online
The Pegasus Report
Hi everyone, I hope you all had a great weekend!
Let’s dive in to today’s Pegasus Report!

If you thought the Real Estate market was dead, you’d be wrong! This week Blackstone has announced the purchase of IQ Student Accommodation - the largest ever deal in in the UK private real estate sector!
The next tower in the Square Mile has been approved and will have an impressive green wall up its entire length. Plans for an £80m mixed use Resi and office development at Canada Water has been revealed. Elsewhere in London, the first phase of the new £350m Ebury Bridge Estate in Pimlico has been awarded and will begin later this year. In perhaps more negative, or at least prudent news, LandSec has agreed break clauses with Contractors to stop at ground level on three on its major London projects; hopefully only a temporary position whilst they evaluate the market.
In the North West, in Salford, a £105m, 500 unit Residential scheme has received planning approval.
In Newcastle, work will soon begin on the £120m Resi led mixed use scheme at Strawberry Place.
A busy week in South Yorkshire; in Sheffield, bids have begun for the conversion of buildings into a new Radssion Blu Hotel. Meanwhile, in Rotherham, Muse has submitted plans for a new mixed use development.
In Birmingham, the organisers of the 2022 Commonwealth games are increasing headcount and bidding on major projects.
In Infrastructure, the Government has announced an additional £2Bn to boost cycle and walking. It’s also been a busy week in the Utilities sector with Severn Trent and Thames Water both opening up bidding for new works. In a sector that needs needs positive news at the moment, Leeds Bradford Airport has revealed £150m plans to allow it to compete more with other Northern airports.
Some interesting insights articles this week in what are still challenging times for the industry.
£11bn investment in construction can kick start UK economy, says experts
BCO - COVID-19 BCO Briefing Paper
Architects warn nearly 40% of projects on hold | Construction Enquirer News
Demand for secondary offices set to fall, new Landsec boss warns | News | Property Week
Only 10% of office space in use, says Land Securities - BBC News
Prefabricated volumetric sector to grow by 14% in next four years
How construction businesses can prepare for future risks
Architects workload prospects hit all-time low, says RIBA report
We find ourselves in challenging times at present and I am sure some of you are struggling with your career choices at present. In this episode I was keen to share 7 career principles that work in any market condition. I hope this allows you to make more informed choices about your career.

Short on tech news this week!
US aims to complete first 3D-printed micro-reactor by 2023 - Innovation - GCR
How to make the most of your data—and empower your workforce
JCB plans to cut 950 jobs | Construction Enquirer News
Even shorter on green news!
Sustainability in construction: Reducing environmental impact | Sustainability | Construction Global
Not much from around the globe either!
Saipem-led consortium completes $4.2bn deal to build Nigerian LNG plant - News - GCR
Taiwan semiconductor giant to build $12bn plant in Arizona - News - GCR
But we’ve always got plenty for this section!
5 Tips to Reduce Screen Time While You’re WFH
The 5 types of mentors you need in your life –
How ‘weird’ schedules can help you get more done working remotely
Leading Through Anxiety
5 Techniques to Protect Your Mind From the Coronavirus
Develop Agility That Outlasts the Pandemic
Here’s How to Give Your Remote Workforce More Clarity and Stability
Until next week..
OK, that’s another Pegasus Report done, have a prosperous week everyone.
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