Nadia Elghamry
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Retailers ‘misusing CVAs’ to shut down unprofitable stores
Colliers International said that there had been a “flurry” of new CVAs in 2018, including “some cases from companies which would not be associated with failing brands and large debts”.
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Rental prices fall as landlords find it’s less grim up north
Supply catches up with demand in the north of England.
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Apple scraps £750m Irish data centre after planning delays
Decision described as ‘hammer blow’ to west Ireland and comes before supreme court hearing.
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St Modwen offloads 27% of retail portfolio
St Modwen has agreed the disposal of two retail assets in Longbridge, Birmingham and Wembley, London via two separate transactions.
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Grainger exits Walworth JV with £67m sale
The WIP JV comprises a residential investment portfolio of 565 homes in South London – the Walworth Estate – comprising a mixture of regulated tenancies and market rented homes.
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Sirius completes €15.5m business park sale
The non-core asset located on the north coast of Germany contained more than 500,000 sq ft of vacant space at 31 March.
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Waning appetite for restaurants eats into profit
Rising business rates and higher staff costs because of increases in the minimum wage are principally to blame for falling profit.
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MORNING NEWS: Gender pay gaps and upbeat Battersea
Round up of today’s property stories with quick links to the nationals
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Property companies reveal big gender pay gaps
British Land has paygap of 42%, while Barratt Development’s figure is 34%.
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St Modwen completes £75m Annington PRS sale
The company said the sale will accelerate the delivery of future phases of the St Andrew’s Park scheme and will release capital for St Modwen to invest.
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U+I hits £50m disposals target with Ringwood Waitrose sale
This latest sale takes disposals from the group’s investment portfolio to over the £50m target for the financial year ended 28 February 2018, in line with its strategy to reposition towards…
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NEWS ROUND-UP: Stop email says Twitter boss
EG brings you a few highlights from yesterday’s news, in case you missed the daily round-up EG SUMMIT: Twitter boss: stop e-mail for better office productivity Forget about designing offices…