Praxis has said it has “no intention” of making a bid for shopping centre owner Capital & Regional.
The group, which entered the race to take over the group in July, had until 12 September to make a formal bid for the company.
Its exit from the talks leaves NewRiver REIT in the bidding. It also has 12 September as its deadline to make a formal offer.
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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
