News
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MORNING NEWS: HSBC downgrades real estate
Plus – Banks sell record ultra-safe mortgage-backed debt and warm weather boosts retail
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British Land bullish ahead of AGM
Simon Carter says there is “strong operational momentum in the business” as HSBC downgrades to sell
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Sell your property stocks, HSBC tells investors
Some 11 property companies, including Landsec and British Land, have been downgraded to “reduce”
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Banks sell record amount of ultra-safe mortgage-backed debt
More than $175bn of covered bonds were sold in the six months to June
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Retailers get warm weather boost
But not enough to beat inflation
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Home Office pays hotels millions for empty beds
The 5,000-bed “buffer” is costing more than £500,000 a day
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London City Airport expansion blocked
Newham Council is concerned about noise pollution
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Rising rates push more BTL landlords to brink
Moneyfacts says 225,000 residential landlords are now making losses
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Petition to wind up Chinese developer Kaisa
A Singaporean hedge fund is making moves against Kaisa’s mainland debt
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Paris plans to clean up the Seine
The river must be swimmable for the Olympics in 2024
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Puma loans £50m to Manchester BTR scheme
McGoff Group gets funding for 237-home scheme
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UK average office lease length drops 34% in four years
Office occupiers are increasingly opting for shorter leases since the coronavirus pandemic