Georg Funke has stepped down as the chief executive of Hypo Real Estate, the German commercial property lender that had to be rescued by a €50bn (£38.7bn) state-backed bailout this week.
Schroder’s UK Real Estate Fund has agreed 40,000 sq ft of new lettings, refits and upsizes at its Kings Mall shopping centre in Hammersmith including a major refit of the anchor H M store.
The government cut the size of its estate by 1.7m sq ft in the 2017/18 financial year, reducing its annual running cost by £22m.
Joint venture partners ZM Land Capital and Metropolitan Thames Valley have secured planning approval for a 1m sq ft mixed-use scheme including 1,440 flats in place of the former Shredded Wheat Factory in Welwyn Garden City, Hertfordshire.
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