That was some U-turn from Hammerson. Just weeks ago, it was talking up its retail portfolio in a bid to KO the Klépierre bid, noting that values had fallen by less than 1% despite the recent CVAs and retail failures and insisting that tenant demand was strong for its centres.
It sometimes feels as though we are living in a parallel universe like the Upside Down, the alternate dimension in cult sci-fi series, Stranger Things.
Are we witnessing the end of the pale, male and stale era? Nah, probably not – not in property, anyway. But we could just be witnessing the beginning of the end.
There is little that has caused Irish property developers more consternation than the National Asset Management Agency (NAMA).
What’s going on people? You’re usually such a relentlessly optimistic bunch!
Hammerson’s shareholders have a choice to make. Do they put their trust in chief executive David Atkins and push on with the £3.4bn takeover of rival intu, or do they force him to consider the offer from French shopping giant Klépierre? For me it has to be the latter.
I am sure I am not the only one who flew out to Nice this week feeling a good deal of trepidation mixed in with the usual nervous excitement ahead of Mipim.
Even the most ardent of Leavers would surely not have predicted this. On Wednesday, Donald Tusk scorned Theresa May’s “pick and mix” Brexit plan, warning that there would be “negative economic consequences”.
The North West region, buoyed by the ‘northern powerhouse’ and the ever-increasing attraction of Manchester as a place to live and work, is going from strength to strength.
Oh to be a kid again. As I fired up the laptop and my two mobiles on Tuesday, I cast a look ruefully at the children outside throwing snowballs at each other and revelling in a day off school.
As half the property world come together in the (hopefully) sunnier climes of southern France for Mipim 2018, one common theme that is bound to be discussed at length in the Palais de Festivals and up and down Boulevard de la Croisette is innovation.
Some may view housing minister Dominic Raab’s comments on Earls Court this week as a potentially fatal attack on Capital & Counties’ plans for the west London site.
Speculative development has long been the barometer by which developer confidence is measured.
It is said revenue is vanity while profit is sanity. There must be a lot of mirrors and people losing their minds in JLL’s UK HQ then.
It wasn’t so long ago that we were repeatedly being told of the demise of the high street – and the reports of its death were not an exaggeration, as anyone who lives in a town whose lifeblood was sucked out seemingly overnight by a new out-of-town shopping centre knows ...