Leading UK architectural firm Foster + Partners is to lay off hundreds of its employees due to the weakening property development market. The company, which has designed some of the most famous buildings in the world including London's Gherkin tower, is understood to be making 300-400 staff redundant, about 25% of its total workeforce of 1,300.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
