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Williams ordered to pay confiscation order

Disgraced Mayfair entrepreneur Alexander Williams, who was convicted of property fraud last January, has been ordered to pay a confiscation order of £477,474.25 within six months, or serve a default sentence of three year’s imprisonment. 

Deutsche Bank announced £250.4m CMBS deal

Deutsche Bank has launched a €250m CMBS – the first backed by Dutch real estate since the financial crisis.

Morrisons appoints group property director

Gordon Mowat has been appointed as the new group property and strategy director at supermarket Morrisons.

Boris picks developers for GLA sites

Mayor of London Boris Johnson has selected preferred bidder for two sites which are earmarked for more than 1,200 new homes.

Grosvenor seals £201m fund refinancing

Grosvenor Fund Management has clinched a £201m loan to refinance its Grosvenor London Office Fund, which owns prime offices in the capital.

Developers strengthen call for business rates reform

Land Securities, Hammerson and Westfield are among major property companies that have signed up to a call for political parties to commit to fundamental reform of business rates.

Developers strengthen call for business rate reform

Land Securities, Hammerson and Westfield are among major property companies that have signed up to a call for political parties to commit to fundamental reform of business rates.

Savills moves into the Middle East

Savills has formed two new collaborations in the Middle East in the Northern Gulf and Dubai.

Administrator appointed at Phones4U

PwC has been appointed administrator to Phones4U, which closed its stores yesterday.

Hugo Boss to open in Highcross

Hugo Boss will open a 4,360 sq ft boutique at Hammerson’s Highcross regional shopping centre in Leicester, this autumn.