Capital & Counties Properties Plc, the London developer that owns most of Covent Garden, won approval to build 45 apartments in the district as well as shops and restaurants as property values in the city reach records.
Texas ’s Senate may try to end some business-tax breaks, sell government property and accelerate confiscation of unclaimed assets to raise $5.5 billion and avoid slashing education spending in the second-most populous state.
Capital Shopping Centres Group Plc , Britain’s biggest mall owner, rose the most since it became publicly traded in 1992 after saying Simon Property Group Inc. may offer more than 2.3 billion pounds ($3.6 billion) in cash for the company.
Hammerson Plc , Britain’s third- largest real estate investment trust, said profit excluding items rose 12 percent last year as borrowing costs dropped and rents increased. The shares rose to a 27-month high.
Capital Shopping Centres Group Plc, the U.K.’s largest specialist mall operator, joined four other European real estate investment trusts selling bonds this month, lifting the amount companies raised to almost $3.5 billion.
Land Securities Group Plc, the U.K.’s largest real estate investment trust, said the value of its properties rose 4.5 percent in the year through March on demand for shops and offices in central London.