Good morning. Here’s your Thursday round-up of the latest news and analysis from EG, alongside some real estate-relevant stories from the papers.
The deals have been counted and the results are here for the Q1 EG Radius Leaderboards.
A stand-out performance in the City core propelled JLL to the top of the regional office leaderboards in the first quarter, with 477,040 sq ft transacted in Greater London. In industrial, CBRE was out in front.
Click here for all the leaderboards and find out where your firm – and your rivals – landed.
In other news, WeWork founder Adam Neumann has said he has been “rebuffed… at every turn” as he tries to buy back the beleaguered co-working business out of bankruptcy – and now wants the courts to intervene. Documents filed with the bankruptcy court on behalf of Neumann, his Flow Global Holdings and Nazare Asset Management said “judicial intervention is necessary”. Here’s why, as well as Neumann’s take on what WeWork has planned when it exits Chapter 11 protection.
And British Land has said its US rivals have made the London retail park market “too hot” for acquisitions, prompting the REIT to turn to the regions for expansion.
Matthew Reed, head of retail parks and retail solus, told EG the listed owner was “more comfortable” looking at other regions for deals – find out which right here.
All the news from EG, plus a selection of headlines from the nationals:
JLL on top in London as deal data reveals Q1 agency market leaders
Pricing mismatch pushes investment total to 13-year low
IRES sell off downplayed in review update
NewRiver occupancy hits record high as values stabilise
Vantage to develop €1bn Dublin data centre campus
Neumann ‘rebuffed’ in attempts to buy back WeWork
London retail parks ‘too hot’ for British Land
Waiting for the all-clear? There’s no time
Why Edinburgh’s office market is at a crossroads
Plans in for precious metals facility in Birmingham
Mapletree sells former Diageo HQ
Gove approves next phase of £750m Cambridge North scheme
Paragon expands green homes initiative fund to £300m
Swathe of development to narrow life science supply gap this year
Capital-raising activity hit eight-year low in 2023
Bracknell Forest care home gets planning
Vita and Cain sign £91.5m loan for Manchester PBSA scheme
Prime global office rents inch up amid solid demand
Liverpool appoints consultants to develop 25-year waterfront plan
Cushman & Wakefield grows healthcare team with CBRE hire
Pickstock to part with Plymouth PBSA for £25m
Canary Wharf strikes £550mn financing deal ahead of debt deadlines (£)
Rachel Reeves: Labour will be more pro-business than Tony Blair (£)
Burberry ‘a takeover target’ after share price plunge (£)
Jobs offering flexible working are getting rarer in the UK (£)
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