News
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Investor kicks off £150m office strategy with Wimbledon deal
Korol aims to reposition older offices as grade-A spaces
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Capital & Regional toasts increase in occupancy, footfall and rents
Shopping centre REIT reports 19% increase in profit, largely thanks to 42 new lettings and renewals
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Persimmon posts 65% fall in H1 profit
Market uncertainty hits forward order book but full-year numbers will be “in line with expectations”
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C&R snaps up Edinburgh mall for £40m
Capital & Regional sees asset management opportunities at Gyle shopping centre
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Savills’ profit slumps by 72%
CEO expects “significant improvement in activity through the balance of the year and into 2024”
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MORNING NEWS: WeWork’s shares plunge
Plus – Strong lettings but losses for Derwent and small lettings help City
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Strong lettings for Derwent London as values crush profit
H1 saw a loss of £143.1m, against a £137.1m profit for the same period in 2022
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WeWork share price tumbles over ‘substantial doubt’
The share price closed down 41% yesterday at 13 cents
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Blackstone and KKR turn off the taps
No new loans have been originated during the first half of 2023
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Small-scale lettings help City stay on top
Avison Young recorded 1m sq ft of lettings in the Square Mile in Q2, but none over 100,000 sq ft
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Plans submitted for cannabis joint venture
A purpose-built medical cannabis facility has been proposed for the Isle of Man
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Delancey gets planning for two logistics hubs in Bristol
Patchway Enterprise Park to gain 131,311 sq ft of new facilities