Cushman & Wakefield estimates that the average yield on top-quality City offices has widened from 4.25% to 5.25%. At constant rates, that implies a price fall of 23%. The Times
Almacantar has put its Southbank Place office buildings on the market for around £875m.
Online property trading platform BidX1 has appointed Johnny Horgan as its managing director of Europe to oversee its international expansion.
The British Property Federation has called for Theresa May’s successor as Prime Minister to “act urgently” to unite the Conservative Party and avoid a no deal Brexit, following the resignation of Theresa May.
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