Redevco CEO Neil Slater to step down

Kings Capital acquired a long-vacant 17-story building in Manhattan’s Financial District with plans to convert it into a sleek rental building. The development group, led by George Giannopoulos and Jeffrey Znaty, purchased 69 Gold Street from New York Presbyterian Hospital for $30.1 million, according to a source familiar with the matter. The developer is also…

Global equities ended last week little changed in local currency and up 0.6% in sterling terms. This continued the choppy pattern of recent weeks with markets currently down 1.5-2% from their peak in early June. The US underperformed with a gain of 0.3% in sterling terms while the UK and emerging markets were both up…

By Nojoud Al Mallees (Bloomberg) — The Canadian economy is on track for a stronger-than-expected rebound in the second quarter, as oil and gas led growth in May for a second consecutive month. A preliminary estimate suggests real gross domestic product expanded at an annualized rate of 3.4% between April and June, according to Statistics…

Average fixed rates showed little movement over the past week, but the two-year rate is now 17 basis points higher than last month at 5.63%. The latest rate watch figures from Moneyfacts show the average two-year fixed rate remained flat week on week at 5.63%, as some major lenders cut prices and others increased costs….

People are selecting from an assortment of premium Lindt chocolates at the Lindt & Sprungli chocolate shop. Nurphoto | Nurphoto | Getty Images Cocoa prices are beginning to ease after a record-breaking rally, but don’t expect cheaper candy just yet as the world’s biggest chocolate makers turn to social media-inspired products and other strategies to…

People don’t tend to listen much to a prime minister with only a few weeks left in office.  But when Keir Starmer stood up last week and spoke at a BAE Systems site in Maidenhead, 30 miles west of London, the real estate sector pricked up its ears.  Starmer announced a £15B increase in defence…