Bridget OConnell
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Regional REIT in £31.4m portfolio deal
Eight strong office portfolio deal reflects a yield of 8.66%.
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MORNING NEWS: Doubts, recommendations and votes
Round-up of today’s top property stories with quick links to the nationals.
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Housing association tenants in Midlands to be given right to buy
Pilot scheme will cost £200m with commitment to build new homes to replace lost stock.
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Countrywide set for shareholder revolt over incentive scheme
ISS issued recommendation to vote down scheme ahead of the estate agency group’s annual general meeting on August 28.
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Debenhams to axe nearly 100 jobs in cost-cutting drive
Struggling department store chain to consult with hundreds of employees in its fashion and home departments as part of large-scale restructuring.
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High earners are winners in Help to Buy scheme
Use of scheme by households who earn more that £100,000 a year leads to calls for the programme to be reformed.
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Summer sun brings relief to retailers
Volumes were up 0.7%, where City analysts had expected only a 0.2% expansion.
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Ashley gives refunds in delivery row
Retailer acts on complaints as dispute with warehouse operator holds up deliveries.
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MORNING NEWS: Development sites, department stores and retail’s ails
Round-up of today’s top property stories with quick links to the nationals.
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Billionaire risks clash over late bid for House of Fraser stores
Philip Day is in talks with landlords to take over several House of Fraser stores.
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A missed chance to tackle Britain’s housing crisis
Government proposals fall far short of fundamental changes pledged.
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Wesfarmers suffers £800m blow on botched Homebase takeover
The owner of the Bunnings DIY chain struck a £340m deal to buy Homebase from Home Retail Group in 2016, but the takeover descended into one of the “most disastrous”…