RealCast: Big plans in London, internet impact, data centre domination, BPF boosts IPSX

Nicol Dynes, Dan Innes, Paul Strohm and Richard Betts

In the spotlight this week:

Mitsubishi Estates and its partner CO-RE unveil plans for a 1 million sq ft/92,903 sq m office-based development on the site of the former ITV building on London’s South Bank and Next chief executive Lord Wolfson calls for a review of business rates and cuts of 35% for high street stores in the UK.

And, while Uniqlo owner Fast Retailing becomes the clothing retailer with the highest capital value at €85 million, UK town Stockton on Tees contemplates demolishing its shopping centre to create a park as leading retailers desert the high street.

As The Netherlands’ pension provider APG names Annette Mosman as CEO, UNCTAD reveals that the Swiss are now the biggest internet shoppers, pushing the Netherlands into second place. Cushman & Wakefield reveals which cities best suit data centres and the BPF gives the nascent IPSX, London-based stock exchange for individual properties, a glowing testimonial.

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