MORNING NEWS: New UK property market entrant and new London interchange

In the news this morning, Starwood Capital has agreed to sell its Principal Hayley hotel platform to a new entrant to the UK property market. Read the story from EG to find out who the buyer is and how much they are paying the US private equity firm for the portfolio. And as Helical completes on the acquisition of Farringdon East station, EG takes you on an exclusive tour inside what is soon to become one of London’s busiest interchanges. Inside Farringdon Crossrail’s above-station development NEWS ROUND-UP: Meet the new face of NewRiver REIT London property slump most widespread since financial crisis House of Fraser owner to inject funding amid fears for chain’s future Select looks to stay afloat by shutting stores and cutting rent bill Mortgages fall back in weaker housing market Purplebricks has spring in its step after investor knocks on the door JD Sports crosses Finish Line in the race to become global player Starwood strikes £750m Principal Hayley sale