Office of National Statistics has reported revised figures that show the UK economy was in a better position than previously thought, with GDP growth up 0.6 p% on pre-pandemic levels by Q4 2021. So, at that point, the UK had the third fastest G7 recovery, behind the US and Canada.

British Retail Consortium reports that annual retail sales jumped 4.3% in August on a LFL basis, up from 1.8% in July.

Birmingham City Council effectively declared itself bankrupt with a budget shortfall of £165m expected in 2024/25.

Calastone revealed retail property fund net outflows of £121m in August, the largest in the past 13 months. £428m has been withdrawn this year.

International Property Securities Exchange (IPSX) will begin an orderly wind down of operations and close its markets to new issuances due to breaching capital requirements.

Global Mutual and Patron Capital have concluded the purchase of Livingston Designer Outlet Mall from Blackstone Group for c.£65m (guide price of £90m).

Select Property has secured £128.5m in development finance from Maslow Capital for its One Port Street residential scheme in Manchester’s Northern Quarter.

Online Buy (OnBuy) retailer, which is trying to buy Wilko’s brand, lodged a “drastically improved” offer over the weekend. B&M Retail has snapped up 51 Wilko stores for £13m. 52 store closures and 1,300 redundancies have been confirmed for next week.

Pocket Planet , a leisure experience developer is to take 30,000 sq ft at 500 Oxford Street for an immersive tourist attraction that will feature some of the world’s largest miniature world models, augmented with moving planes, trains, vehicles, and boats.

Barratt Developments plc is to increase its sales to single-family investors to around 750 homes this coming year as it looks to offset the impact of falling homebuyer demand.