Good morning, this is your AM bulletin with the latest news and views from EG, as well as a few of the best bits from the morning papers.
Alongside its own £2bn portfolio and £850m development pipeline, Topland’s lending arm has deployed more than £1bn since it was founded just over a decade ago. The man in charge of placing the bets, Tom Betts, tells EG how to pick a winner.
Workspace and life science developer Bruntwood has swung to a £224m loss after its portfolio value dropped by 17%.
And Deutsche Bank has become the latest lender to warn about the risks of its exposure to US property. Provisions for losses on loans linked to US commercial real estate haven risen to €123m, from €26m a year before.
Meanwhile, a prime plot of London real estate has become the first property in England to be successfully seized from the Russian state.
In other news:
Home Office needs extra £2.6bn to pay asylum hotel bill
Train strikes will lead to more hospitality administrations
Lewis family builds up Everyman stake
Labour vows not to raise corporation tax
