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MORNING NEWS: Brookfield bets big on City offices

Good morning.

As the UK recovers from that rarest of events – a sunny bank holiday – its time to return to the office.

Indeed, Brookfield has placed a £1bn bet on the future of City offices, as it closes in on 30 Fenchurch Street and Milton Gate(£).

But plans for Landsec’s £600m sale 102 Petty France(£) could collapse over fears that a new Ministry of Justice lease is at odds with the “levelling-up” agenda.

Catalist wants Foxtons to spread its wings(£) and open branches in York, Exeter and Hong Kong.

And Australian investment manager L1 Capital is close to listing its UK residential property fund(£) on the London market.

Caffè Nero(£) has avoided sliding into a takeover from the Issa brothers after rallying sales allowed it to pay its debts on time.

Meanwhile, the chain has failed in its attempt to strike out a legal challenge to its CVA(£). The case will now go to trial in July.

Tensions between commercial landlords and tenants are building as ministers struggle to solve the riddle of who foots the £6bn rent arrears bill(£) before the moratorium ends on 30 June.

Meanwhile hundreds of thousands of renters are at risk(£) of losing their homes as the residential eviction ban comes to an end today.

Housebuilders benefitted from the sharpest rises in trading before the long weekend.

More than half of all staff expect to be working partly from home(£) as hybrid working becomes the new normal.

And the Treasury has compiled a list of assets(£) it could sell to shore up the UK’s Covid-hit finances, including Channel 4.

Schroders’ Peter Harrison spills the beans on why he didn’t buy M&G(£).

Museums are proving sticky for regeneration plans. But in a good way.

Meanwhile campaigners claim that development in Liverpool(£) could put its its Unesco world heritage status at risk.

And can Bruntwood return Trafford’s Stretford Mall(£) to its former glory?

The Times (£) looks at the luxury sector giants buying up Provencal vineyards – once the celebrities have made them trendy first, of course.

Schools(£) are still fitting the cladding used on Grenfell Tower and banned for use on tall buildings.

One of the three inquiries into the Downing Street flat refurbishment has concluded that the prime minister acted “unwisely”(£) but not illegally.

The 68th wifelet of the seventh Marquess of Bath has complained that she is being evicted from her Longleat cottage(£) by his son.

The papers are full of photos of sun-seeking Brits thronging the UK’s beaches this weekend. The Times (£) also has a picture of some brave souls swimming in the Embassy Gardens’ Sky Pool over in Nine Elms. But unlike the beaches, the pool is far from crowded. Whether that is due to the frankly terrifying view from the bottom of the pool, or the fact that it can only be accessed by a handful of flat owners is hard to say.

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