News
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Redevco boosts asset and development management ranks
Chris Baker has been promoted to UK portfolio director
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Edmond de Rothschild hires former Castleforge finance director
Simon Ball will lead the UK arm’s finance and administrative teams
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MORNING NEWS: WeWork poses £3bn threat
Plus – Home REIT shareholders drop homeless focus and CBRE embraces AI
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UK landlords face £3bn hit if WeWork falls
The flex office provider still has at least £3.1bn of lease commitments in the UK
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Home REIT shareholders vote to ditch homelessness focus
Stabilisation plans and appointment of AEW UK were approved by 99.98% of those who voted
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Councils face £5bn funding black hole
Deficits will rise to an average of £33m by next year
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Inflation falling faster than we thought, says ONS
New calculations show July’s figure to be 6.8%, not 6.9%
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CBRE uses AI to manage 1bn sq ft of space
The firm’s Smart FM system is used at 20,000 sites across the globe
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Third of renters just one payday from homelessness
Shelter has warned that 3.2m working adults do not have savings to cover a month’s rent
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China’s property crisis creates ‘downward economic spiral’
Bank analysts have slashed growth forecasts for the world’s second-largest economy
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Belfast’s former Santander HQ comes to market
1 Mays Meadow is being marketed as an opportunity for refurbishment, redevelopment or regeneration
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Green light for 650 new homes in Derbyshire
Devonshire Group is set to kick off the first phase of construction next summer