City AM: “As many as 762 real estate-related businesses have become insolvent in the UK since the start of the year, a City AM analysis of company filings has found, a jump of more than 60 per cent compared to last year.” cityam.com/real-estate-firms…
Costar (£) Sullivan and Cromwell, the New York-headquartered law firm, has launched an up-to-160,000-square-foot requirement in central London. costar.com/article/360810016…
BisNow (US) “JLL has formed a new business unit to manage a wave of retail rebranding, offering services that aim to help companies move from concept to design to execution.” Too late for TJ Jones. bisnow.com/national/news/arc…
Tel (£) The blaze broke out at 9.14pm on Thursday night at a Oxgate Lane business park and spread through most of the multi-use, two-storey commercial property, including its roof. telegraph.co.uk/news/2026/06…
Construction Inquirer: Clients of collapsed contractor Ardmore Construction Group have already started lining up replacement builders in a bid to keep its £1bn-plus portfolio of London projects moving. constructionenquirer.com/202…
Stock Exchange. A £56m offer has been made for Alternative Income REIT (AIRE) by Glenstone, which already owns 24% of the shares, but are fed up with the present management, after the failure of a sale to AEW. londonstockexchange.com/news…
Building (£) McAlpine leaving Agratas’s £4bn car battery job after ‘agreeing to part ways’. Contractor says decision made in wake of ‘extensive discussions’ with Tata subsidiary who says ‘different construction delivery model now needed. building.co.uk/news/mcalpine…
My EG (£) column: The case of varying appraisals dogging Andy Burnham. Can Blockchain become the missing link to allow billions in quicksilver capital to flow in and out of real estate? Still waiting for promised £25m IPO to float from Aquis stock market. eg.mydigitalpublication.co.u…
BisNow: “Microsoft announced it would end its use of nondisclosure agreements with local governments in areas where it is building data centers.” Watch for Section 106 echoes in Britain.
bisnow.com/national/news/dat…
Knight Frank’s Tim Robinson, has been elected UK Managing Partner. The current head of commercial property will take over responsibility for both commercial and residential operations from Stephen Clifton in April 2027.
WSJ (£) “The hot Manhattan office market is on pace this year for its best leasing performance since 2000. Back then, dot-com startups helped fuel demand. This time around, it’s AI.” wsj.com/real-estate/commerci…
EG (£) A £46m transformation of Sloane Street; a £10m revamp of Sloane Square; and the launch of The Gaumont, a £235m mixed use scheme on the King’s Road helped Cadogan to post a 4.3% rise in revenue to £251.7m, with a 7.6% lift in profit to £150.8m. estatesgazette.co.uk/news/ca…
Workspace y/e March results show rents on £2,133m portfolio (£2378m in ‘25) down 7.1% to
£113m with £160m of valuation losses resulting in a £120m loss (£5m profit) and trading profit of £60m. “We have an exciting opportunity ahead to reposition” says boss Charlie Green.
Tel (£) Burnham ‘relied on deeply flawed analysis’ to pay out skyscraper loans: “Joseph Barrett KC, representing Mr Weis, told the court that GMCA officials approved the loans without properly scrutinising Mr Whitaker’s finances.” telegraph.co.uk/business/202…
Mail: Appeal Court told Manchester skyscraper developer Daren Whitaker submitted conflicting viability reports to obtain loans from fund controlled by Andy Burnham.
Times (£) The housebuilding giant Persimmon was forced by a High Court judge to pay more than £420,000 to a resident whose detached new-build began collapsing due to inadequate foundations.
thetimes.com/life-style/prop…