MORNING NEWS: A new asset manager, new requirements and a new boss

The Government Property Agency has launched today, creating a powerful body that will asset manage multiple departments’ estates for the first time, oversee the sale of surplus public buildings, and release a new wave of civil service office requirements. In the news this morning, EG takes a deep dive into what assets the GPA will control, how it aims to help departments meet their rationalisation targets and where to next for the government hubs programme. It also reports that the hunt is on for a new chief executive to lead the property asset management organisation going forward. Under-pressure Qataris rein back spending How London lost its mojo to Manhattan Homebase owner seeks buyers as DIY chain turnaround flounders What’s in store for secondary/ tertiary shopping centres? People and companies World’s largest resi developer makes UK debut in east London Five things you might have missed last week £30m injection for House of Fraser from Chinese backer Sanpower Cobra owner Molson Coors thirsty for Bargain Booze Easter shoppers desert UK high streets, spreading retail gloom Young lose out in housing wealth boom Government property agency launches with hunt for chief exec