Considered the first big test of the Labour government’s reputation with foreign investors, this week’s £8bn bond sale was 10x oversubscribed.

British Retail Consortium reported that total sales rose 1% last month, against a growth of 4.1% in August 2023.

The Asda in Washington is being marketed at £21m, reflecting a NIY of 5.5% and Lothbury Investment Management Limited has launched the sale of Atlas Retail Park in Mile End at £30m.

Realty Income Corporation has bought the Tesco in Airdrie for around £18m –a NIY of 8%.

British Land has completed a run of several retail park acquisitions for £240m, reflecting a blended NIY of 7.4%.

SEGRO plc has agreed to acquire Tritax EuroBox plc, valuing the business at around £552m, and Starwood Capital Group has agreed a £673.5m cash offer to buy Balanced Commercial Property Trust LTD.

Blackstone has completed a major refinancing of its iQ Student Accommodation platform with a £2.6bn loan.

HMV has posted a “huge boost” in sales due to the Oasis reunion. Revenues shot up 526% week on week across the band’s full catalogue.

John Lewis Partnership is seeking planning permission to redevelop a former warehouse site in Reading into a 215-unit BTR scheme.

Legal & General has put the Slate Yard, Manchester 424-home BTR scheme up for sale with a price tag of £110m.

Fusion Group has secured approval for its Langcross Court, Cardiff, PBSA scheme which will deliver 706 beds across 488 units.

Ofgem has approved a licence for an 80 MW battery storage facility near Grimsby. Financed by BlackRock and KX Power Limited, the facility could store 160 MW hours, sufficient for the daily electricity consumption of 20,000 homes and would be one of the largest facilities in operation today.

Mark Charlton – Real Estate Research Consultant at Waypoint