M&G suspends £2.5bn property fund over ‘sustained outflows’

The suspension will be monitored daily and formally reviewed every 28 days
The suspension will be monitored daily and formally reviewed every 28 days
The shopping centre landlord has signed up to Time to Change
Paul Kennedy will start in role early next year
Real estate is working on ways to support the health and happiness of people in their spaces
EG’s mental health survey is a starting point for a conversation that can no longer be postponed
The agency has partnered with Work.Life to set up joint venture Yours
Firm will take over from agents including Colliers in January 2020
Experts discuss policies and values that firms can put in place as they begin their journey
“Leaders must stand up and be counted,” Quilter CEO tells bosses at This Can Happen conference.
The agency will provide property management services across 98 properties in the UK
Revenues of £42.9m in the year to March 2019 were broadly flat on a year earlier
Property companies need the sustainability agenda built into every decision their business makes
Panellists said that to attract talent, better office space and improved infrastructure were crucial
Newsteer co-founder Alastair Crowdy on why launching a business in an uncertain market is exciting
Justin Halewood has joined CBRE’s flexible office business as senior investment director
NAV has been “left behind” as the property industry evolves. Three new metrics could address that.
Retail woes impacted this week’s first-half results announcements from Landsec and British Land
Newsteer will focus on transactional, town planning, development and lease advisory services
André Balazs teamed up with Crosstree in 2014 to open the first Standard outside the US
Landsec aims to reduce carbon emissions by 70% from a 2014 baseline by 2030
Once the General Election is out of the way, IPOs should start to come through, says IPSX’s top team
The BPF is campaigning to boost the social and economic good the industry can provide to communities
Any developer that ignores social inclusion is a fool, says Martyn Evans.
Care homes investor wants to “capitalise on its pipeline of attractive, near-term opportunities”
Listed property companies face changes to the way they calculate the net asset value of investments
The Arch Company wants businesses to see benefits from the railway arches’ private-sector ownership
Canary Wharf Group is introducing a first-of-its-kind roaming WiFi offering in Docklands.
CBRE has won a mandate to oversee the 70m sq ft real estate portfolio of Novartis
The landed estate is doubling down on efforts to encourage more innovation throughout its business
Aviva shopping centre portfolio adds uncertainty to business
Britain needs unprecedented investment to meet 2050 target
Assets under management jumped by almost a third in the past quarter
Japan’s SoftBank says it will “double down” on its support of beleaguered co-working company
The flexible revolution is here to stay, says Mark Furness, chief executive of Essensys
Cambridge Associates expects specialist industrial real estate funds to raise $6.4bn in 2019
Charter addresses concerns of the thousands of businesses operating in arches sold earlier this year
Delegates at MIPIM UK were confronted by the growing urgency around the climate crisis
Loan origination in the UK’s commercial property market has defied expectations
As innovation director, Hema Selvaraj will help business react more quickly to digital disruption
Spreadsheets should be allowed to die, say debt professionals – despite still relying on them
The City of London Corporation wants the area to become known as a home for the legal profession
London remains Europe’s top city for occupier demand and has a positive economic growth outlook
Two years on from the merger, deputy CEO Etienne Prongué says the marriage is proving a happy one
Sourcing difficulties and costs deemed biggest current challenges
Numbers come hard on the heels of the FCA’s tough new rules for funds that trade in illiquid assets
New obligations on funds to provide “clear and prominent” information on liquidity risks
The campus is expected to open in 2020
With supply slowing and demand for premium space rising, tenants are jostling to strike prelet deals
“The scrutiny directed toward me has become a significant distraction,” says co-founder.
Blackstone has launched a new company to house a huge portfolio of last-mile logistics investments.