Development Securities plans to raise £94m of equity through a cash call, offering eight shares for 13 at a 9% discount. DevSec said it will use the cash to 'capitalise on opportunities early in the property cycle'.
RICS has recommended investing more into modern methods of construction (MMC) and introducing amberfield as a new land classification amid the first drop in private housebuilding for seven years.
New code of practice targeting poor workmanship will apply to all housebuilders.
Amazon has signed a lease for the 532,000 sq ft warehouse Hinckley 532 in Leicestershire as it continues to dominate the logistics market.
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