HMRC files winding-up petition against Avison Young
HMRC has filed a winding-up petition against property firm Avison Young, indicating an unresolved tax dispute. The company says it expects the matter to be resolved shortly.
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Article 15 – AI Capability has arrived. Adoption is now the whole contest
The article argues that agentic AI is now capable of materially changing legal and conveyancing work, but the main barrier is organisational adoption rather than technology. It highlights conveyancing as a sector under sustained capacity pressure, where firms may gain most from redesigning workflows around delegation, trusted data and verified review.
COMMENT: Is Rightmove, the wrong move?
This opinion piece argues that Rightmove’s fee increases are disproportionate to the lead generation value some estate agencies receive, particularly in London where alternative marketing channels are more significant. It also highlights the ongoing Competition Appeal Tribunal class action and suggests that AI could eventually reduce the importance of property portals altogether.
Build-to-rent fails to meet demand despite record investment
Knight Frank’s latest market update says build-to-rent investment reached a record level, but delivery is still lagging demand. The report highlights that viability pressures, especially in regional markets, are limiting completions and slowing progress on schemes outside major cities.
Landlords resort to auctions to shift units as Renters Rights Act kicks in
Auction activity has increased markedly, with more lots offered and sold across the UK in June, alongside a higher total value of property transacted. The article suggests some landlords may be reviewing portfolios in response to the Renters Rights Act, while buyer demand for auction stock remains steady.
Torsion Construction files for administration
Leeds-based Torsion Construction has filed a notice of intention to appoint administrators after experiencing liquidity pressures and project-related commercial difficulties. The notice provides temporary protection from creditor action while directors assess funding and restructuring options.
Grid delays hit £2bn Essex data centre
A planned £2bn data centre in Loughton, Essex, is likely to be delayed because grid power will not be available in time for the developer’s intended opening date. The article also highlights wider UK data centre delays caused by electricity connection constraints and notes an Ofgem-backed initiative to standardise connection designs.
Build To Rent massively dearer than mainstream rentals
TwentyEA’s latest analysis says Build To Rent homes continue to achieve a rental premium over mainstream private rented properties across most regions. The report also argues that while traditional buy-to-let stock has declined over the past decade, overall rental supply has risen, with Build To Rent helping to offset losses in conventional landlord-owned stock.
Westmorland readies for £5.7m Penrith Town Hall overhaul
Westmorland and Furness Council has approved an outline business case to repurpose the grade II-listed Penrith Town Hall from office use into a community and events hub. The £5.7m scheme would create flexible event, performance, youth, creative and innovation spaces, with a full business case due to be considered in December.
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