Capital & Regional has further extended the deadlines for its two suitors – NewRiver REIT and Praxis – to make a formal offer for the business by 12 September.
NewRiver was due to make a formal approach today with Praxis’s deadline on 16 August.
NewRiver first made an approach to buy the shopping centre owner in the spring and has had its bid deadline extended three times already. Praxis entered the potential bidding in July.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
As his first solo venture launches, Schama wants to redefine hospitality advisory
Retention rate is significantly ahead of underwrite assumption
Suitor had been due to make offer or walk away by 5pm today
A look ahead to what is happening in the world of commercial real estate this week
