Good morning, this 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.
As Modulous becomes the latest prefab-by-another-name developer to enter administration, EG’s editor asks is 2024 the year we should finally give up trying to deliver mass modular housing in the UK? Imagine if all the millions of pounds of investment poured into these failed attempts to make modular modish had been spent on things that might actually shift the dial on the housing crisis?
Meanwhile, LondonMetric and LXi have agreed terms to merge the two REITs. The deal will create the UK’s fourth largest REIT by market cap if it completes.
Savills has said it expects to hit profit expectations, despite transactions being “extremely subdued” during 2023.
IWG has bounded up the FTSE 250 leaderboard after an analyst told investors to take another look at the flex office provider.
And the UK is a long way from reaching “peak Greggs”, the steak-bake-seller’s boss, Roisin Currie, has said. She wants another 160 stores next year, and “significantly more than 3,000” in the long run.
In other news:
BLME names new alternative investments boss
