O Twelve Estates, the commercial property developer which is investing in sites near the 2012 Olympics at Stratford, East London, reported a first-half pre-tax loss of £10.6m, against profits of £2.6m last time, after value declines in parts of its £267m property portfolio. The Times
Car park operator NCP is refusing to pay rent to its landlords.
Next is currently seen as the leader in the race to buy ailing retailer Arcadia Group, as final bids for the group are due today.
The Royal Institution of Chartered Surveyors (RICS) has succumbed to industry pressure and is ‘revisiting’ the need to hold an independent review of its corporate governance processes
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