British Land puts European properties up for sale




Property developer looks to offload £244m retail assets, which have been hit by economic crisis in Spain and Portugal The property developer British Land is looking to sell its £255m portfolio of retail properties in mainland Europe after the assets lost almost a fifth of their value on the back of the economic crisis in […]







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Barclays investors seek meeting on board split




Shareholders want to see senior independent director following reports Alison Carnwath did not initially support Diamond bonus Barclays shareholders are considering demanding a meeting with Sir Michael Rake, the senior independent director on the board, amid mounting concern about tension within the bank’s boardroom. Following reports that Alison Carnwath, the Barclays director who heads the […]







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British Land boss sees pay rise 50%




Chief executive of FTSE 100 property developer Chris Grigg sees pay rise 50% to £3.4m The chief executive of British Land, the FTSE 100 property developer behind the Lakeside shopping centre, has been rewarded with a 50% boost to his pay packet this year to £3.4m while his staff saw wages drop by an average […]







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London office developments ‘at risk from eurozone crisis’




Schemes are due to deliver 53m sq ft of office space in London by 2016 but a loss of confidence among tenants and problems securing funding are hampering some projects A property consultancy has warned that more office developments could stall in the City of London as the eurozone debt crisis affects tenant demand and […]







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Sheffield’s Meadowhall shopping centre comes on the market at £1.4bn




Sale by British Land and London & Stamford expected to attract CSC, Britain’s top mall operator, and foreign investors A majority stake in the Meadowhall shopping centre in Sheffield is for sale, at a price likely to value the whole mall at £1.4bn or more. British Land, one of Britain’s biggest property developers, is looking […]







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The payout to the boss of RBS is a disastrous deal for the taxpayer| Aditya Chakrabortty




Ministers could act over Stephen Hester, the most lavishly rewarded public servant of all – but will they? How much would you pay the boss of RBS? No one in Westminster would be crass enough to put it like that, naturally; but that’s the fundamental question party leaders are addressing in their arguments about Stephen […]







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