London landlords hit out at office-to-residential losses

Reports that 'big commercial landlords have attacked government policy that has seen swathes of central London converted from offices to homes' feature in today's newspaper round-up.

The Financial Times (subscription) reports that the City and Westminster Property Associations, "which represent eight FTSE 100 companies including Land Securities and British Land, as well as the Crown Estate, which manages the royal family’s extensive property assets" said that "decimating" central London's supply of office space "would damage economic growth and called on candidates in next year’s mayoral election to reverse the trend".

Energy secretary Amber Rudd has "unveiled plans to offer billions of pounds of new subsidies for offshore wind farms, potentially doubling the UK’s offshore wind capacity with a further 10 gigawatts in the 2020s on top of 10GW expected by 2020", the Telegraph reports. But the paper also says that "wind and solar farms will be forced to pay for the extra costs they impose on the UK’s electricity system as a result of their intermittent nature".

The Guardian reports that Europe is experiencing a "silent emergency" for housing, with the number of young adults living with their parents now at an all-time high, according to a study. The paper says that research conducted by Habitat for Humanity, a non-profit NGO dedicated to promoting affordable housing around the world, "found that the 2008 housing crisis triggered by the global financial crash is by no means over in Europe".

Telegraph columnist Allister Heath says that "France's grim estates are the perfect breeding grounds for terrorism". He says: "The plight of the banlieues and those who live there is not just deeply immoral: their continuing isolation poses a major national security threat. Islamist extremists have found it all too easy to recruit in the cités, filling some of the void left by the collapse of other forms of authority and the state’s wilful neglect."

The Guardian reports that a tropical fish farm, medical facility and computer servers could be powered by "hot rocks" below Cornwall’s Eden Project if plans to create one of the UK’s only geothermal plants go ahead. The paper says that the visitor attraction "is bidding for part of a £12m EU fund awarded to Cornwall, after it said the government had turned down requests to match-fund the £37m project". According to the paper, the Eden plant’s backers said it "would take three years to build but generate enough clean heat and electricity to power the site, as well as 4,000 homes via the national grid".


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