In the news this morning, a preview of this week’s full year results from British Land and Land Securities forecasts retail woes to have taken their toll on valuations.
Speaking of retail woes taking their toll on valuations, the Sunday Times Rich List has this year valued Philip Green at £950m, compared with a peak of $4.9bn in 2006 and 2007 after declaring his Arcadia retail empire worthless.
Also today, The Square on Birmingham’s Broad Street hits the market. Click here for the full details from EG.
EG Highlights: Mitsubishi Estate looks to resi for UK diversification
Abandoning buy-to-let lucrative for landlords
Mike Ashley pledges millions to take House of Fraser upmarket
UK high streets ‘in downward spiral’ with one in 10 shops empty
At home with the housing secretary . . . and his two double ovens
