Grand Arcade in Wigan

RDI agrees ‘standstill’ with Aviva after breaching lending covenants

2019-04-24T07:13:00+01:00By

RDI REIT, which saw off a potential bid from Australian investment giant Cromwell Property Group, has agreed a standstill agreement with lender Aviva after breaching covenants on four of its shopping centres.

Office-to-resi PDR gold rush

Labour pledges to end office-to-resi PDR

2019-04-24T07:49:00+01:00By

The Labour Party has said it would end permitted development rights to convert offices to housing.

Alex Jeffrey MG

Savills IM appoints new CEO

2019-04-24T07:28:00+01:00By

Savills Investment Management has appointed former M&G Real Estate chief executive Alex Jeffrey as its new chief executive.

Tesco Cirencester

Supermarket Income REIT buys Tesco in Mansfield

2019-04-24T07:37:00+01:00By

Supermarket Income REIT has paid the Charities Property Fund (CPF) £45m for a Tesco Extra supermarket in Mansfield, Nottinghamshire.

Abigail Rowton

Palace Capital appoints new asset manager

2019-04-24T07:48:00+01:00By

Palace Capital has appointed Aberdeen Standard Investments’ Abigail Rowton as an asset manager.

Finance money picture

Cerberus raises $5.1bn for NPL strategy

2019-04-23T16:02:00+01:00By

Cerberus Capital Management has raised $5.1bn (£3.9bn) for its global non-preforming loan strategy.

Altrincham House of Fraser scheme

Plans submitted to turn Altrincham's former House of Fraser into mixed-use scheme

2019-04-23T11:12:00+01:00By

The owner of Altrincham’s former House of Fraser store has submitted plans to transform it into a new mixed-use scheme.

Gavin Tipper Chairman RDI REIT

Cromwell drops RDI approach

2019-04-23T16:04:00+01:00By

Cromwell Property Group has declined to make a formal offer for RDI Reit after RDI’s board denied the group an extension to conduct further due diligence.

London

London office take-up falls in Q1 while space under offer increases

2019-04-23T15:39:00+01:00By

Central London office take-up fell by 34% in the first quarter of this year compared to the final months of 2018, while the amount of space under offer grew by a fifth year-on-year.

Sanham

Sanham to step down from Hub

2019-04-23T10:58:00+01:00By

Steve Sanham is stepping down from his role as managing director of residential developer Hub, after six years with the firm.

All the latest property news

Grand Arcade in Wigan

RDI agrees ‘standstill’ with Aviva after breaching lending covenants

2019-04-24T07:13:00+01:00By

RDI REIT, which saw off a potential bid from Australian investment giant Cromwell Property Group, has agreed a standstill agreement with lender Aviva after breaching covenants on four of its shopping centres.

Alex Jeffrey MG

Savills IM appoints new CEO

2019-04-24T07:28:00+01:00By

Savills Investment Management has appointed former M&G Real Estate chief executive Alex Jeffrey as its new chief executive.

Tesco Cirencester

Supermarket Income REIT buys Tesco in Mansfield

2019-04-24T07:37:00+01:00By

Supermarket Income REIT has paid the Charities Property Fund (CPF) £45m for a Tesco Extra supermarket in Mansfield, Nottinghamshire.

More finance news

More analysis, resi & data

Debenhams Oxford Street

Can Debenhams' new owners turn the ailing chain around?

2019-04-17T23:00:00+01:00By

Debenhams landlords brace themselves as retail experts predict that the chain’s new owners could be forced to close dozens of stores.

More insight

Give us your views...

PW cover 180419 – index

Property Week Digital Edition – 18 April 2019

Goldman Sachs enters BTR sector – Debenhams store closures – Office Space in Town interview – West Midlands market – Offices, science parks & business parks

Never miss out - Find the best deal for a subscription

Subscribe now