Piers Wehner
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Remote working could send San Francisco into ‘doom loop’
Workers are shunning the CBD, sending spending and tax revenue ever lower
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MORNING NEWS: Blackstone suffers withdrawals
Plus – poor housing stock cost the NHS £1.4bn a year and net zero plans are dubious
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M7 Regional E-Warehouse REIT posts debut results
NAV down 11.3%, but rental income solid
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Allsop raises £38.7m from virtual March auction
The next auction, in May, will be back in the ballroom
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Milne promoted at Hanover Green
Guy Milne, who joined the firm in 2018, will now be an equity principal
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Blackstone investors ask to pull $4.5bn out of BREIT
Withdrawal requests rose 15% in March, but the cap meant just $666m was paid out
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Poor housing costs the NHS £1.4bn a year
Research by the Building Research Establishment says 40% could be improved for less than £1,000
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Government’s net zero plans not realistic, say officials
Whitehall officials say they have little confidence that the proposals will actually work
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Only 5% of FTSE 100 climate transition plans are ‘credible’
EY research says far more needs to be done by the UK’s top listed companies
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Trafalgar Entertainment buys Glasgow’s Pavilion Theatre
The deal for the 1,440-seat venue is Trafalgar’s first foray north of the border
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Scottish mansion razed to make way for housing
Scottish Borders Council bought Lowood House for almost £10m, but want to flatten it for development
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Frankfurt’s Trianon debt restructure indicative of market strains
The 45-storey skyscraper’s South Korean owners want to restructure its €375m debt