News
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Watkin Jones sells trio to L1 Capital
The sale, at a loss to book value, will net £11m
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WeWork downgraded further into junk territory
Fitch has given the flex space giant a rating of CCC-
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Gove ‘names and shames’ councils and housing associations
A flurry of letters with accusations of “severe maladministration” were sent out last night
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Rates rise predicted despite fall in inflation
Inflation is at its lowest level since February 2022 but markets still expect rates rise to 6%
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Big Short trader bets $1.6bn on 2023 Wall Street crash
Michael Burry has bet 90% of his fund that a crash will happen before the end of the year
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Resi rent rises reach renewed record
Rents rose by 5.3% across the UK in July
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Aldi confirms 1,200-store target
The UK’s fourth biggest grocer will open one store a week until Christmas
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Jamie Oliver wants more UK restaurants
Chef will steer clear of mid-market chains after 2018 collapse
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Crooked House owners linked to another unexplained fire
Owners have links to 2018 fire in Buckinghamshire
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Global prime residential prices set to increase next year
Global prices are forecast to rise by an average of 2% in 2024
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WeWork’s rivals hope for offloaded offices
Flex operator has “intense focus” on rent – and competitors are ready to pounce
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Plans submitted for Durham industrial estate extension
Proposal will add 150,000 sq ft of warehouses