The yield on 30-year government bonds has continued to rise this week reaching a 27- year high of 5.72% on Tuesday over fears of expanding budget deficits and rising debt. By Friday morning the yield had eased back to 5.56%.

Office for National Statistics reports that retail sales fell by 0.6% in the three months to July compared with the three months to April.

The S&P Global UK Services Index registered 54.2 in August, up from 51.8 in July and the highest reading in 16 months. The Manufacturing PMI for August fell to 47.3 from 48.0 in July.

ActivumSG and Mansion Property Management Limited have created a £500m PBSA platform.

British Land has bought Vangarde shopping park in York for >£44m.

Nuveen, a TIAA company has acquired Maybrook Retail Park in Stratford-upon-Avon for just over £16m.

KKR has bought seven UK PBSA properties for £230m from Curlew Student Trust II.

Dandara Living and Malaysian firm GAMUDA BERHAD have secured £43m of financing from Bank of Ireland for a 492-bed PBSA project at City Wharf, Glasgow.

Funds managed by Oaktree Capital Management, L.P. have secured a £171m senior loan from Cheyne Capital to support the lease-up of 30 South Collonade at Canary Wharf.

Primark has opened its first GB home furnishings store at The Trafford Centre, Manchester.

Moorfield Group has formed a JV with the Greater Manchester Pension Fund to deliver a 440 home £120m BTR scheme at Podium, Old Trafford.

John Lewis Partnership has added a fourth site, Stratford Studios in east London, taking the total number of homes it manages on behalf of Aberdeen Investments to nearly 1,000.

Public sector organisations within the Greater Manchester city region will be invited to apply for cash from the £28m Greater Manchester Combined Authority’s Public Building Retrofit Fund for decarbonisation projects over the next three financial years.

Mark Charlton – Real Estate Research Consultant at Waypoint