In the news this morning, the Qatar Investment Authority is no longer interested in buying the Grosvenor House Hotel in London or the Plaza and Dream Downtown hotels in New York. That leaves just one other bidder, although the Reuben brothers could also be interested. Delancey and Greenland Group are heading to court as they argue over payment for the latter’s acquisition of the Ram Brewery site. In Scotland, a study of commuter towns finds that Arbroath, Motherwell and Greenock are the most affordable.
QIA ends interest in Grosvenor House hotel (FT/£)
The Qatar Investment Authority has ended talks on the purchase of the Grosvenor House Hotel in London and the Plaza and Dream Downtown hotels in New York.
Delancey suing Greenland Group (The Times/£)
Delancey is suing Chinese developer Greenland Group in relation to the latter’s purchase of the Ram Brewery site in London.
Arbroath, Motherwell and Greenock most affordable commuter towns (The Times/£)
A study of Scottish house prices has found Arbroath, Motherwell and Greenock to be the most affordable commuter towns.
ID theft rises among owners of trendy new-build flats (FT/£)
Owners of expensive properties and trendy new-build flats are increasingly falling victim to identity theft, according to Experian.
Morar House to be converted into flats (The Times/£)
Planning permission is likely to be granted to convert Morar House in Helensburgh into flats.
BHS to relaunch online (The Guardian/FREE)
BHS will relaunch as an online-only operation this week.
D&D London posts solid results (The Times/£)
D&D London could revive plans for an initial public offering, postponed earlier this year amid market uncertainty.
More than 500 care providers fail FSA inspections (The Guardian/FREE)
More than 500 UK care providers failed recent hygiene and food safety assessments, data from the Food Standards Agency showed.
Business leaders contemplate post-Brexit relocation (Bloomberg/FREE)
More than three-quarters of the business leaders interviewed by KPMG said they would consider moving their headquarters or activities away from the UK as a result of the Brexit vote.
No impact on growth this year from Brexit vote (The Telegraph/FREE)
UK growth will not be harmed this year by the vote to leave the European Union, the Treasury has now concluded.
