The company launched a strategic review last November
The developer has acquired the site with planning for 277 homes
Project will comprise around 1,900 PBSA flats and townhouses
Shareholder “lacked confidence that management could repair the business”
South Gyle Trade Park sells for nearly £14m
Fund manager expected to make 10% of 5,000-strong workforce redundant in bid for £150m cost savings
Richard Shepherd-Cross talks Seneca, sectors and today’s tie-up
Custodian REIT will buy API’s share capital for £237m
Investor said it would consider all options that offer maximum value for its shareholders
Abrdn has let both One Station Square and the Pinnacle in Reading for about £130,000 pa
The developer has spent £350m on acquisitions in the South so far this year
Much of the £4.4bn of outflows in H1 were in its UK property portfolio