East of England
£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
Warehouse REIT explores equity raise
Equity fundraising to support investment pipeline of more than £350m
Middle Eastern capital favours UK regions for first time
Middle Eastern buyers shifted focus away from London to the regions last year