Good morning. Here’s your daily round-up of the latest news and views from EG, plus a collection of industry-relevant headlines from the national papers.
Morgan Stanley has renewed the lease for its European headquarters at Canary Wharf, staying put for at least another 14 years at 20 Bank Street, E14. The deal ends a four-year analysis of the bank’s real estate needs.
Supermarket Income REIT has secured a £37.5m increase in its debt facility with Sumitomo Mitsui Banking Corporation, taking it to £104.5m.
Bristol City Council, Homes England, Network Rail, and the West of England Mayoral Combined Authority have formalised a joint venture to bring forward Bristol’s Temple Quarter regeneration project.
And, is Oxford Street seeing the green shoots of recovery? New West End Company chief Dee Corsi shares her views on why a resurgence is in store for the street.
All of the news from EG, plus a selection of headlines from the nationals:
Morgan Stanley sticks with Canary Wharf
Supermarket Income boosts debt facility
Quartet pool land to accelerate Bristol regen
COMMENT: Creating a blueprint for flagship destinations
WeWork saves $8bn in rent through lease restructuring
CPP Investments takes ownership of €1bn student venture
Feldberg bags Covent Garden office for £500m green fund
Self-storage firm secures £100m funding for expansion
Home REIT hires retail restructuring expert as senior independent director
Document storage firm takes big box at Markham Vale
Plans in for Sheffield sports hub
Priory secures pair of lettings at revamped Liverpool office
Allsop raises £238m at auctions in first quarter
Liverpool gives go-ahead for 420-home resi scheme
Portsmouth Hospitals University NHS Trust docks at Lakeside hub
Hines appoints chief financial officer for Europe
Avant Homes acquires 92-home Tranent site
Liverpool’s former RBS building turnaround approved
OakNorth signs sweet funding deal with Honey for 252 Yorkshire homes
Knight Frank raids JLL for new head of occupier strategy
Dividends outstrip cash flows at Blackstone’s flagship property fund (£)
Keir Starmer targets voters who want more housing (£)
Councils demand independent review of ‘arbitrary’ levelling up schemes
Revolution Bars shares suspended from trading (£)
Amazon scraps ‘just walk out’ checkouts at grocery stores (£)
Jeff Bezos buys $90m stopgap mansion while renovating other Miami properties (£)
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