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Bank claims retailer left site in poor state and says it is owed £5.4mn for refurbishment costs and lost rent
Bank adds to its office capacity on the west side of Manhattan after luxury retailer pulls out
Facebook owner scales back space as more employees work from home
Experts warn the extent of the problem with Raac in commercial property is unknown
Company calls rental costs ‘dramatically out of step with current market conditions’
Vacancies rise in exclusive Beijing and Shanghai towers as tenants seek lower rents
Perception of increased risk may be greater than the reality
‘Cultural insertion’ can breathe new life into empty commercial property — and tackle squeezed West End theatre capacity
And the flip side of floating rates is credit risk
Plus, the deflating Chinese economy
Group known for luxury hotels aims to buy at bargain prices in bet struggling market will bounce back
Flagship $68bn real estate fund turns net seller to meet redemptions and serve artificial intelligence boom
Retailer’s redevelopment bid has raised questions about the environmental costs of demolishing and replacing older buildings as opposed to retrofitting them
UK retailer Marks and Spencer’s efforts to redevelop London site highlight the dilemma developers face
Help for developers is not translating into investor confidence or rising sales
Sales of core insulated panels have held up well, but a slowdown seems only a matter of time
Big shake-up in market since pandemic as companies cut costs and headcount in economic slowdown
More local residents are objecting to plans and delaying development
Hudson Yards developer sees strong demand for ‘lifestyle offices’ despite record commercial vacancies
A moated, gated, privatised space divided from the rest of London may have had its day
HSBC’s decision to leave underlines London financial district’s need to reinvent itself again
Proposal led by Italy’s ASTM would knock down New York City’s Hulu Theater to create soaring train hall
Satellite business districts are having to reinvent themselves post-pandemic
Plus, a Chinese blockbuster IPO poses a $9bn dilemma for western banks and the succession question plaguing Italy’s fashion houses
Bank’s departure is latest blow to the east London financial district that rose in the wake of Thatcher’s ‘Big Bang’ reforms
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