It’s a privilege to be welcoming some 600 international professionals from the Society of Architectural Historians to Glasgow this summer. It’s also a milestone meeting as it marks the first time the SAH has held its annual congress outside North America in more than 40 years and it comes during our national Year of History, Heritage and Archaeology—so it’s altogether fitting that it has chosen Glasgow for its first-ever visit to Scotland. — Aileen Crawford, Head of Conventions at Glasgow City Marketing Bureau
Property funds worth £18 billion have stopped trading after Brexit sent a chill through the commercial property market. [...]
The fear was that too many property investors would try to take their money out at once, forcing fund managers to sell properties at a loss. [...]
The Bank of England has warned that the share prices of UK real estate investment trusts have fallen sharply following the referendum. — Independent
The areas most likely to benefit from EU structural funding voted predominantly to leave [...]
With 12% of those working in construction migrants from the EU and with the construction industry already struggling to keep up with demand, any drop in skilled migrants will hit Britain’s ability to build. [...]
Analysts are already predicting a drop in supply of new homes, due to market volatility, predicted slowdown on skilled migration flows and share price drops for developers. — theguardian.com
Almost two-thirds of homes in the Tower, a 50-storey apartment complex in London, are in foreign ownership, with a quarter held through secretive offshore companies based in tax havens, a Guardian investigation has revealed.
The first residents of the landmark development arrived in October 2013, but many of the homes are barely occupied, with some residents saying they only use them for a fraction of the year. — The Guardian
Hong Kong-based philanthropist and entrepreneur Yana Peel has been appointed chief executive of the Serpentine Galleries in London. The [Serpentine's] trustees took the unusual decision to choose a fellow trustee to fill the new post. Julia Peyton-Jones, who put the institution on the international map, is stepping down as co-director this month after 25 years at the helm.
Peel will work in partnership with Hans Ulrich Obrist...[who] takes on the new role of artistic director. — The Art Newspaper
A “strikingly elegant” office building in the north east of England is set to be demolished after losing its protected status just a year on from being listed. It will be the latest in a series of important modernist buildings in the area to be flattened in recent years. — independent.co.uk
London’s inaugural Design Biennale is set to open at Somerset House this September, based around the idea of Utopia to coincide with the venue’s year-long events programme.
The biennale is headed up by London Design Festival director Ben Evans, biennale director Christopher Turner, former editor of Icon, and London Design Festival co-founder Sir John Sorrell. More than 30 countries are taking part in the event. — itsnicethat.com
The daring concept proposes one cantilever on the Cornish mainland and another on the island fortress, where, legend has it, King Arthur was conceived. The two structures stretch out to each other across the void but do not quite meet. — theguardian.com
The cartoon drawings and graffiti scrawled all over the 1970s hangout of the Sex Pistols - a former silversmith’s workshop attached to a townhouse in London’s Denmark Street – have helped the building be awarded Grade 2* Listed Status.
The decision by the Department of Culture, Media & Sport, on advice from Historic England, is a major victory in the campaign to maintain Denmark Street, known as “Tin Pan Alley”, which is widely seen as a spiritual home for British popular music. — independent.co.uk
Rapidly rising property prices and rents, combined with the loss of social housing through right to buy, have put councils under growing pressure to find new ways to help people off their housing lists.
In Lewisham one solution is a £4.3m scheme to provide 24 homes and 880 sq m of business space that can be picked up and moved at a later date, allowing the council to make use of vacant brownfield land while longer-term projects are finalised. — theguardian.com
The contemporary design champion is moving from its current location in Shad Thames to the former Commonwealth Institute building, a Grade II*-listed 1960s landmark conceived by architects RJMM.
Its new home, which is being remodelled by designer John Pawson, will provide three times more space and have a learning centre, auditorium, library and a ‘Designers in Residence’ studio. — thespaces.com
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