The National Association of Home Builders’ index of homebuilder sentiment rose from 14 to 16. However, the figure remains well below the mark of 50 that indicates “good” conditions.
Orchard Street has completed the purchase of two hotels in Newcastle from Union Property Development for £38m on behalf of its St James’s Place fund.
Alternative asset manager PfP Capital, part of the Places for People group, has announced a trio of senior appointments as it targets further fund growth.
The Local Shopping REIT has confirmed it will not currently proceed with plans to wind up the company after a shareholder motion was blocked by an activist investor.
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