East Midlands

£510m MAG sale contract torn up post exchange

Legal technicality allows buyer to withdraw from agreement
  • The fund manager was able to exercise a Material Adverse Conditions clause
  • The parties are still in conversation in order to try and agree a new deal
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Shopping centre loan in default after 20% fall in value

Loan secured against trio of malls breaches LTV covenant
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£250m of retail park sales paused as Boris's lockdown bites

Retail park sales have stalled due to buy and sell-side uncertainty
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Tesco pays £53m for its own store as panic buying boosts supermarket sales

Tesco allocates £200m a year to buy back over-rented stores
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Global giants look to regions as 60,000 sq ft requirement launches

Insurance giant is exploring options for a significant regional hub
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Ergo pays M&G £40m for Magna hub

Ergo and NFU's joint venture still has another £100m to deploy
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Prologis secures 430,000 sq ft deal at Apex Park

Daventry project to expand by 875,000 sq ft
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Realty secures two supermarkets from Lord Kirkham for £88m

US investor Realty continues push into UK
  • US investor building UK supermarket portfolio
  • Former DFS owner cashing out
  • Supermarket sector activity building
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Grainger forward funds 348-home Nottingham scheme

Housebuilder identifies shortage of rental housing in the city
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