Good morning. Here is your AM bulletin, with the latest news and views from EG, as well as a few of the best bits from the morning papers.
Shaftesbury Capital is selling its entire Fitzrovia portfolio. The West End REIT has asked CBRE to find a buyer for the 100,000 sq ft estate, with a price tag of more than £100m.
But investment volumes for 2023 are set to be a third lower than last year, at just £41bn, according to BNP PRE’s predictions.
Amazon’s boss has told workers to turn up to the office or face the sack. He said to those not willing to return to their desks that “it’s probably not going to work out for you”.
The owner of Body Shop is considering a sale of the business, which has over 200 stores in the UK.
And Wilko’s administrators have delayed closures at its 400 stores as it weighs up last-minute bids.
Rolls-Royce has appointed JLL to run facilities management across its 15m sq ft of manufacturing, warehouse and office space. The global contract will cover 44 sites across the UK, China, Germany, India, Singapore and the US.
Springfield Properties has claimed the title for Scotland’s largest ever detailed planning approval for housing. The developer will build more than 3,000 homes on a 593-acre site in Durieshill, near Stirling.
But the number of homes sold this year is expected to drop by a fifth to the lowest in over a decade, according to Zoopla figures.
Meanwhile, green groups have lashed out at the government’s plans to boost housebuilding by scrapping water protection laws.
In fact, on this particular story, the cartoons are worth a thousand words(£).
Further afield, Britons are thinking of selling up their second homes in France, after facing a “galling” increase in property taxes.
Chinese developer Country Garden has asked for more time to pay back a $535m bond that matures next week.
And finally, plans for 1,000 homes in Folkestone have come under fire from locals. The kind critics say they resemble a set from The Flintstones. And apparently that simply won’t yabba dabba do.
