US developer 'appoints Savills to scope out locations for new science labs'

Reports that a US-based property developer has "teamed up with estate agent Savills to scout out locations in Cambridge, Oxford and London" where new science laboratories could be built features in today's newspaper round-up.

The Telegraph reports that "British science is to be handed a major boost from a US property developer preparing to plough up to $500m (£380m) into building new laboratories across the country." It adds that "San Diego-based real estate firm Creative Science Properties has teamed up with estate agent Savills to scout out locations in Cambridge, Oxford and London where new labs could be built".

The Times (subscription) reports that "a net £30.8 million was withdrawn from one of Britain’s biggest property funds last Friday after the gating of a rival fund". The paper says that "Morningstar, an information group that monitors fund flows, said that the money had been pulled from the Aberdeen UK Property fund and that it had come after a net outflow of £31.6 million on Wednesday". Last week, fund manager M&G suspended trading in its £2.5 billion Property Portfolio fund.

Writing in The Guardian, the author Lynsey Hanley says that "millions can’t afford to run a car but have to, simply because the public transport system near them is so appalling". She writes: "The idea that good transport is a right to be enjoyed by everybody, regardless of income or car ownership, has disappeared from the political agenda since buses were deregulated in the mid-1980s and the rail network privatised a decade later. Transport policy across the parties has been focused for decades on the nuts and bolts of travel: road-building, congestion and keeping London’s transport system regulated – and, ergo, its economy pumped – while the rest of the country suffered."

An article in The Times says that "a national network of segregated cycle lanes is needed to reduce vehicle dependency, a study has suggested after it found that half of short journeys in Britain are made by car". The paper says "the research, by the engineering consultancy Witteveen and Bos, said that many car journeys were only a few minutes long and were made because of a lack of alternatives".


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