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Distress

Person, Worker, Wood

Avant tables all-share offer for rival Crest Nicholson

Offers comes weeks after Crest refused a separate takeover bid from housebuilder Bellway

Cineworld restructuring to close 25% of UK sites

Restructuring and rent reduction proposals will be offered to landlords and creditors

CBRE appoints European loan advisory head 

Anurag Sharma rejoins from Lone Star

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Neighborhood, City, Urban

Administrators called in at London apartments linked to offshore investigations

Flats linked to Daim Zainuddin, Malaysia's former finance minister who has been charged following Pandora Papers revelations

Urban, City, People

Land earmarked for failed £2.5bn London Resort up for sale

Owner Swanscombe Development is a JV between Aggregate Industries UK Ltd and Anglo American International Holdings

City, Road, Street

Risks on AAA-rated CMBS identifiable since the pandemic, says Fitch

Special servicer has accepted £35m bid for portfolio

Machine, Motor, Engine

Most renewable projects in UK fail to get past planning

Analysis by Cornwall Insight reveals challenges in hitting clean energy targets

City, Neighborhood, Urban

Former £1.6bn Lothbury property fund to be liquidated

Troubled fund has been gated since last year after senior departures and deluge of redemptions