Developments

The Chief Executive of Manhattan Loft Corporation (MLC) has disclosed that the firm has assembled a mammoth £500m development pipeline and will be "sounding out" contractors pretty soon.

Westminster planners have given the thumbs up to a right royal restoration and development of Grosvenor Gardens House in Belgravia.

Construction behemoth Carilllion has been appointed as the preferred bidder for Battersea Power Station's Circus West first phase.

**UPDATE: Plans approved! Braeburn Estates (the JV between Canary Wharf and Qatari Diar) has bagged planning permission for the Shell Centre site.

SP Setia and Sime Darby's Battersea Power Station development has breached the $1bn sales mark, with £677m-worth of sales contracts signed since the launch in January.

Property development group Alchemi is having a pretty strong run of it, bagging three major prime resi planning approvals within the last month.

Tails appear to be up in the housebuilding sector, with improved sentiment translating into increased activity levels and land values, according to Savills' latest findings.  It's all relative, though;

Bath-based property developer Charlcombe Homes has become newest of the "HOPE Builders" with international charity Habitat for Humanity and the Home Builders Federation.

It's been a big morning for Land Securities, announcing a 3.4% rise in pre-tax profits to £533m and the official start to its mammoth £768m Victoria Circle project.

It's looking good for Canary Wharf and Qatari Diar on the Southbank, as their 2.

The aggregate value of penthouse apartments currently being sold in the capital has punched through the £1bn ceiling, according to the latest research from CBRE.

Construction managers Turner & Townsend have been given the nod to oversee delivery of Battersea Power Station's Circus One first phase.