Bridget OConnell
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Carpetright swings to £71m loss as it shuts stores in bid to stay afloat
Retailer planning to close 92 shops, putting 300 UK jobs at risk.
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MORNING NEWS: Countrywide and city centres
Round-up of today’s top property stories with quick links to the nationals.
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One in four firms hurt by insolvencies in wake of Carillion collapse and retail woe
R3 said the figures were evidence of a so-called ‘domino effect’, where one company’s collapse increases the risk of others going under.
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Ailing cities advised to replace shops with offices and housing
Thinktank says in successful city centres offices make up two-thirds of commercial space.
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No evidence that housebuilders hoard land, says adviser
A report by Sir Oliver Letwin, the former Conservative policy chief, has dismissed a widely-held belief that big builders speculatively “land bank”.
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Equity release falls amid uncertainty over economy
The equity released by individual homeowners fell 4.1% between April and last month to an average £72,877, Responsible Equity Release said.
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Countrywide shares plunge as it plans to tap investors for £100m
Estate agency tries to cut debt after another profit warning amid ‘dreadful’ house market.
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MPs back £14 billion Heathrow expansion
Foreign secretary misses key vote despite vowing to oppose third runway.
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MORNING NEWS: Flexible workspace, buy-to-let and retail revelations
Round-up of today’s top property stories with quick links to the nationals.
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Terra Firma eyes IWG takeover
UK buyout group becomes latest to seek exposure to flexible office sector.
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Whitbread boss to face questions over potential sell-off of Costa Coffee
Costa is being circled by investors – opening the door to a potential £3bn sale.
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Single first-time home buyers take more than 10 years to save for deposit
While a slowdown in the housing market and faster wage growth mean the average time taken has fallen since this time last year, singletons would still need to save for…