Good morning. Here’s the latest round-up of what’s making the headlines in real estate on EG and in the papers.
Hammerson is in talks with Unibail-Rodamco-Westfield about the sale of its 50% stake in their Croydon joint venture, formed in 2012 to redevelop the Whitgift shopping centre.
Housing secretary Michael Gove has urged investors including BlackRock and Vanguard to put pressure on cladding firms to cover costs arising from fixing unsafe buildings.
Blackstone’s earnings have fallen during Q1 this year, hit by higher interest rates and the wider slowdown in commercial real estate.
EG has launched its fifth annual LGBTQ+ Attitudes and Actions in Real Estate survey – here’s how to take part.
Consumer confidence has grown despite the cost-of-living crisis, according to the latest data from GfK.
JLL has appointed Richard Booth as head of investor clients in its UK commercial valuation advisory team. Booth has rejoined the business from Knight Frank.
Leumi has completed a £14m refinancing for the 1,493-home Cotton Quays project in Manchester.
And MP Chris Skidmore, chair of the Independent Review of Net Zero, says the government needs to “get out of the way” to enable more pioneering development of net zero buildings.
