RDI agrees ‘standstill’ with Aviva after breaching lending covenants
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.
Labour pledges to end office-to-resi PDR
The Labour Party has said it would end permitted development rights to convert offices to housing.
Savills IM appoints new CEO
Savills Investment Management has appointed former M&G Real Estate chief executive Alex Jeffrey as its new chief executive.
Supermarket Income REIT buys Tesco in Mansfield
Supermarket Income REIT has paid the Charities Property Fund (CPF) £45m for a Tesco Extra supermarket in Mansfield, Nottinghamshire.
Palace Capital appoints new asset manager
Palace Capital has appointed Aberdeen Standard Investments’ Abigail Rowton as an asset manager.
Cerberus raises $5.1bn for NPL strategy
Cerberus Capital Management has raised $5.1bn (£3.9bn) for its global non-preforming loan strategy.
Plans submitted to turn Altrincham's former House of Fraser into mixed-use scheme
The owner of Altrincham’s former House of Fraser store has submitted plans to transform it into a new mixed-use scheme.
Cromwell drops RDI approach
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 office take-up falls in Q1 while space under offer increases
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 to step down from Hub
Steve Sanham is stepping down from his role as managing director of residential developer Hub, after six years with the firm.
RDI agrees ‘standstill’ with Aviva after breaching lending covenants
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.
Savills IM appoints new CEO
Savills Investment Management has appointed former M&G Real Estate chief executive Alex Jeffrey as its new chief executive.
Supermarket Income REIT buys Tesco in Mansfield
Supermarket Income REIT has paid the Charities Property Fund (CPF) £45m for a Tesco Extra supermarket in Mansfield, Nottinghamshire.
Affordable could plug the Help to Buy gap
Report says government will miss 300,000-homes target unless funding increases
Get Living ups BTR offer with London and Salford launches
Build-to-rent operator says it is focusing on tenant choice and brand building in the two new developments
Time to wake up to value of data
Two years ago this month, the renowned real estate academic Andrew Baum, in a report for Oxford University’s Said Business School on proptech, pointed to a clash of generations and cultures between the real estate industry and the tech pioneers.
Data reveals landlords with biggest Debenhams exposure
Database of stores compiled by Datscha shows UK REITs have biggest exposure to the department store chain
Time to get creative with funding
If anyone was clinging to the hope that by now the government might be ready to turn its attention to something other than Brexit, it looks like we will all have to wait a bit longer.
Places for People’s innovation lab will ‘future-proof’ business
Housing group explains why it launched initiative to find tech start-ups and what it aims to achieve
