Institutional
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Powerhouse CVA test case opens in High Court
A test case on the use of Company Voluntary Agreements (CVAs) which could result in a multi-billion pound property devaluation for UK landlords has opened in the High Court.
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Black churches lobby for access to empty warehouses
Black churches are lobbying for the right to take over derelict industrial estate units in a bid to cope with the rapid growth of their congregations in London.
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Consortium to make Sainsbury’s decision soon
Private equity players will decide within eight days whether to press ahead with a possible £1bn bid for Sainsbury’s. The consortium mulling a bid comprises CVC, Blackstone, KKR and Texas…
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Polygon takes stake in Teesland to over 25%
Polygon Investment Partners has upped its stake in Teesland to 25.11%, nudging its share to a position where it could in theory block the group’s privatisation.
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Evans Randall to buy 50% stake in the Gherkin
Private investment bank Evans Randall is buying a 50% stake in the 40-storey Gherkin at 30 St Mary Axe, EC3. The company has set up a 50/50 joint venture with…
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BAA to announce Stansted plans
BAA is to unveil plans for a new 3km-long runway at Stansted on Tuesday. The long-delayed plans are to cost BAA £2.7bn, although estimates have ranged as high as £4bn.
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Postwatch slams lack of consultation on closures
Postwatch says post office closures will be “rushed through” in only six weeks without local residents having a chance to respond.
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PSA slams govt for insufficient prison space
The Police Superintendents’ Association has rounded on the government for failing to build sufficient prison space. The Home Office has been forced to hurriedly reopen a wing of Norwich jail…
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Balfour Beatty on Leeds airport shortlist
Balfour Beatty is among the final bidders in the £120m-plus auction of Leeds airport. About five bidders are thought to be on the shortlist in total although their identities were…
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Slade predicts ‘sector specialist’ UK REITs
UK diversified REITs will be forced to become “sector specialists”, Helical Bar chairman Michael Slade said on Tuesday night. Speaking at a European Public Real Estate Association event held at…