Overall number of UK businesses in critical financial distress rose by 50%
The new partner will take a 50% stake in the asset while BL and GIC each retain a quarter
Construction value of the project is estimated at £3.8bn
The scheme features 70,000 sq ft of office and lab space
Foster + Partners designed scheme will deliver 357 homes
Net new outlets will form part of a wider strategy to deliver sales in excess of £375m
Retailer takes 5,712 sq ft at the centre
Developer wants to demolish the Galleries shopping centre to create 450 homes and commercial space
Sam Pearson joins from Gerald Eve
Firm is undergoing managed wind-down
Company expects full-year rent cover will be 2.2x
Chief executive says private sector real estate players have a role to play