News
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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
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Just 10% of SMEs understand net zero requirements
The BCC has called on government to end the “fog of conflicting information”
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S&P stops scoring borrowers on ESG
The one to five scores will be dropped, but the commentary will remain
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Resi sales are drying up, says RICS
The level is similar to early 2020, when the market was effectively closed
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Deposits at big four banks fall by £80bn
NatWest, Lloyds, HSBC and Barclays experienced total outflows of £78bn in the 12 months to June
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Large lenders cut mortgage rates
Nationwide, TSB, HSBC and Halifax have all nudged down rates
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Under 40s give up on buying homes
Guppies have replaced the yuppies