EG brings you a few highlights from yesterday’s news, in case you missed the daily round-up
TOP STORY: Dalian Wanda to offload One Nine Elms in $5bn asset sell-off
China’s Dalian Wanda is reportedly offering to sell five of its projects in the UK, US and Australia to a single buyer for around $5bn (£3.8bn).
PROFILE: Leo Noé: I don’t want to know how much I am worth
Leo Noé is one of an increasingly rare breed. An instinctive, straight-talking investor who makes his own decisions and is a far cry from the way many of the institutionalised players who dominate property go about their business.
SHARES UPDATE: Market unconvinced by LandSec numbers
A resilient results season reached its peak last week with British Land and Landsec both reporting solid numbers despite ongoing worries and uncertainties. But the market wasn’t entirely convinced. Find out how each real estate sector is performing with EG’s weekly analysis of the market.
COMMENT: Small housebuilders face too many stumbling blocks
“Speak to Berkeley chief Tony Pidgley or Redrow chairman Steve Morgan, the UK’s housebuilding kings, and they will probably tell you they could never have successfully launched their companies today,” says Steve Cook, deal origination, Investec.
CYCLE TO MAPIC: Property cyclists battle gale-force winds to raise £60,000 for Coram
In more than a decade of charity cycle rides to Cannes in the south of France, riders taking part in annual club peloton rides have battled rain, snow and blistering heat. But never before have a team of property cyclists had to work so closely together to battle gale-force winds.
