AM Alert
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Hammerson secures £1.5bn debt for intu deal
Retail landlord Hammerson has secured a £1.5bn unsecured revolving credit facility which will be used to repay selected intu debt facilities after the companies complete their merger
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Reform Help to Buy to encourage more homes over profit, housebuilder Avant says
Government’s flagship housing policy is being used to boost housebuilder profits according to Avant
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Mayfair flats go for £100m to mystery Gulf investor
Blockbuster purchase of two flats come despite the waning appetite of overseas investors amid stamp duty increases and Brexit uncertainty
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Hotels back on sale after Tchenguiz sues Hilton
JLL and Savills instructed on sale of 10 Hilton hotels
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Ask and Zizzi owner subject of casual inquiry
Restaurant chain owner ‘open to offers’ that might provide good return
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Interest rate rises ‘threaten retailers caught in red zone’
New Look, Mothercare, Poundland, Debenhams and DFR among retailers identified in “warning area” by financial analyst
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MORNING NEWS: Westminster officers and City offices
Round-up of today’s top property stories with quick links to the nationals.
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Deutsche Bank thinks big in the City
Land Securities secures revised planning permission for bank’s new London HQ
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MPs publish critical report on scandal-hit RBS division
Treasury committee finally releases document showing ‘widespread inappropriate treatment’ of customers by bank’s disgraced Global Restructuring Group
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Hotel growth leaves no room for extra cash
InterContinental Hotels boss halts special dividend in favour of investment
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Smooth transition from scandal-hit Libor in 2021 ‘highly unlikely’, banks warned
Consultants Oliver Wyman have warned banks that they face “major risks and administrative burdens” if they don’t start preparing for the changes immediately
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Hostility grows towards Tesco takeover of Booker
Second shareholder advisory group tells investors to vote against a planned £3.7bn takeover by Tesco