Nakheel, the Dubai state-owned property developer has sold the last of its stake in Mirvac, the Australian developer, for A$200m (£102.3m). Deutsche Securities Australia has bought Nakheel’s 172 million shares in Mirvac at A$1.16 a share.
NAEA Propertymark chief executive Mark Hayward will retire at the end of this year after seven years in the role.
Dolphin Living has been granted planning permission for a mixed-use redevelopment of the New Era estate in Hackney.
The government must shift its focus from first time buyers to tackle a “chronic shortage” of downsizer homes, according to Audley Group, after research by the retirement living operator found more than half of downsizers found it difficult to find the right property.
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