CB Richard Ellis said that prime office rents in Europe had fallen by 2.9% in the last quarter, taking the annual decline to 8.6%. Significant quarterly falls had occurred in London, Madrid, Dublin and Oslo, while rents remained relatively stable in Germany and the Netherlands.
Developer AM Alpha has been given the go ahead to transform the Debenhams in central Manchester into a mixed-use scheme.
Housing association Aster Group has priced its first £250m sustainability bond under the group’s new European Medium-Term Notes (EMTN) programme.
Gym operators are calling for formalised landlord and tenant legislation to help the fitness sector survive the pandemic.
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