Issue 2019 December 10th

    M&G Real Estate decision: The impact?

    Investors shaken by the suspension of withdrawals from a leading UK property fund pulled nearly £100m from similar investments in the subsequent two days. M&G froze withdrawals from its property portfolio fund on Wednesday last week, after it was unable to sell assets fast enough to meet investors’ demands for money. It prompted the biggest [...]

    UK fashion retailer in profit warning

    UK-based fashion retailer Ted Baker has issued a stark profit warning, scrapped its dividend and announced the immediate departure of both its chief executive and executive chairman. The shares, which had already lost three-quarters of their value this year, plummeted a further 35% to 258p, but later cut their losses to 333p, down 16%, valuing [...]

    Virtuous Retail South Asia acquires Tata Realty’s Trilium portfolio

    Virtuous Retail South Asia has announced the acquisition of the Trilium retail shopping center portfolio from Tata Realty for $100m. With these acquisitions, VRSA adds two more operational centres to its existing, operational 5.4m sq ft retail portfolio of community-centric centres, VR Chennai, VR Bengaluru, VR Punjab, and VR Surat. The acquisition from Tata Realty [...]

    Huge UK leisure site reveals plans

    The London Resort has revealed new, concept artwork, for the six lands that will be created as the first phase of the 535-acre site. The visuals are the first to be revealed since The London Resort announced its partnerships with the BBC, ITV Studios and, most recently, Paramount Pictures. It follows hot on the heels [...]

    Real estate firm to focus on CEE after takeover bid

    Atrium European Real Estate, a leading owner, operator and redeveloper of shopping centres and retail real estate in Central Europe, has announced that, further to the statements made in its announcements of 23 July and 7 November 2019, its board of directors has taken the decision to reinstate the Q3 and Q4 2019 dividends. Atrium also announced [...]