Karen Day
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Poundland agrees £597m takeover by Steinhoff
Poundland has agreed to a £597m takeover of the company by South Africa’s Steinhoff.
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BlackRock expects UK recession
The UK will likely enter a recession this year, analysts at BlackRock warned.
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Philip Hammond appointed chancellor
New prime minister Theresa May has appointed Philip Hammond as chancellor of the exchequer.
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Hong Kong land tenders draw fewer mainland developers
Developers in mainland China are showing less interest in Hong Kong land sales, participating in only two of the last eight tenders.
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Tishman and Lenovo in South China JV
Tishman Speyer and Beijing-based Lenovo will work together on a 9bn yuan project in the southern Chinese city of Shenzhen.
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BoE was warned on property funds’ vulnerability
Officials at the Bank of England had been made aware that trading in commercial property funds could be suspended a week before it happened.
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Henderson looks to sell 440 Strand
Henderson Global Investors plans to market 440 Strand for sale in autumn, and is aiming to sell the property, the headquarters of Coutts bank, by the end of the year.
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England may need 5m new homes by 2039
Revised projections by the Department of Communities and Local Government show 5m new homes may be needed in England over the next 25 years.
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Cambridge tops list of best cities to work in
Cambridge has been revealed as the best UK city in which to work, heading a list compiled by job and recruitment website Glassdoor.
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Weaker pound could mean more property sales to foreigners
More London properties could end up in foreign ownership, as funds look to sell holdings at a time when the pound is at its weakest since the 1980s.
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Property company swings to profit on asylum seeker contract
Orchard & Shipman (Glasgow) swung to a profit of £198,450 in the 18 months to 30 September 2015.
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Steinhoff nears £450m deal for Poundland
Steinhoff is near agreement on a £450m deal to take over Poundland, according to people with knowledge of the matter.