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

Shopping centre loan in default after 20% fall in value

Loan secured against trio of malls breaches LTV covenant

£250m of retail park sales paused as Boris's lockdown bites

Retail park sales have stalled due to buy and sell-side uncertainty

Tesco pays £53m for its own store as panic buying boosts supermarket sales

Tesco allocates £200m a year to buy back over-rented stores

Global giants look to regions as 60,000 sq ft requirement launches

Insurance giant is exploring options for a significant regional hub

Ergo pays M&G £40m for Magna hub

Ergo and NFU's joint venture still has another £100m to deploy

Prologis secures 430,000 sq ft deal at Apex Park

Daventry project to expand by 875,000 sq ft

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

Grainger forward funds 348-home Nottingham scheme

Housebuilder identifies shortage of rental housing in the city