Long-term government borrowing costs have risen to a 28-year high, putting further pressure on Prime Minister Andy Burnham ahead of his first Budget next month. The yield on a 30-year gilt, rose to 5.89%, the highest since 1998.

LaSalle Investment Management has secured £300m in additional commitment for an existing mandate, from a local authority pension fund client

BNF Capital and Morgan Real Estate have agreed terms to buy 27 Savile Row which has a guide price of £100m and a potential GDV of £250m.

LondonMetric Property has completed £85m of asset disposals across seven properties.

Bank of Ireland Property Finance Group has underwritten a £249.2m loan with Downing Living to refinance a pair of newly delivered living assets in central Manchester.

A speculative office development in Sheffield and a logistics scheme in Doncaster have both received funding from South Yorkshire’s JESSICA Fund, managed by CBRE.

John Lewis has revealed its new in-store restaurant concept, with this week’s opening of the flagship Platter at Oxford Street. Platter will replace John Lewis restaurants in 32 stores and forms part of an £800m multi-year investment in John Lewis. 

Firefly Capital Real Estate has acquired Bedford Riverside, a 120,000 sq ft mixed-use leisure scheme in Bedford town centre, for £11m from Oval Real Estate.

Hines has acquired a shopping park in Orpington on the outskirts of London from British Land along with two other retail parks:

• Altrincham Retail Park in Manchester.
• Edinburgh’s Straiton Park.

East Anglian developer Pigeon has bought the former Network Rail Goods Yard at Station Hill in Bury St Edmunds from Platform4.

Westfield, the shopping centre operator has launched a search for a joint venture funding partner for a £235m purpose-built student accommodation scheme which will be arranged over a 15-storey block on top of Westfield Stratford City.

A survey by Handelsbanken revealed that around nine in 10 property investors say they are spending more on sustainability features across their property portfolio.