News
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MORNING NEWS: West End deal flow tumbles
Plus – Fink drops “entirely weaponised” term ESG and Homes England faces review
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Life Science REIT refinances £150m for OTP development
The REIT is developing 388,400 sq ft at Oxford Technology Park
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Third.i foresees great opportunity for Westminster Tower
CLS Holdings has sold the Albert Embankment office for close to £45m
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Mori’s $2bn Manhattan deal is good news for New York offices
SL Green has sold a 49.9% stake in the 245 Park Building, valuing it at $2bn
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Retail sales volumes fall further
A 9% drop in June follows a 10% fall in May
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BlackRock’s Fink drops use of ‘entirely weaponised’ term ESG
Fink said the term had been misused “by the far left and… by the far right”
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Just 5% of PRS homes affordable on benefits
The level has fallen from 23% in 2020, due to a freeze on housing benefit and rising rents
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Devon flats above shops blocked over future flood risk
Flooding may cause a problem for the first-floor flats in Barnstaple, after 2105
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Prince’s plan to end homelessness
The £3m Homewards initiative will emulate Finland’s Housing First model
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Cineworld to file for administration in UK restructuring plan
Cinema operator will also suspend shares on the London Stock Exchange
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Knight Frank promotes 54 to partner
A total of 252 promotions were made across the firm
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West End deals ‘under threat’ as investment halves
Savills expects H1 investment total to come in at £1.6bn