All Property Week articles in 13 March 2020 – Page 2
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OnlineSoftBank warns WeWork investors it may abandon $3bn share buy back
SoftBank may walk away from its plans to buy up $3bn (£2.5bn) in WeWork shares to help keep the embattled serviced office provider afloat.
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OnlineLeading UK property funds gate amid coronavirus woes
Several leading UK property funds have halted trading this week as a result of the coronavirus.
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OnlineFuture Generation unveil plans for two student accommodation schemes
Student accommodation specialist Future Generation has unveiled two PBSA schemes and secured a £55m development facility from Maslow Capital.
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OnlineAttlee steps down as Empiric reveals strong annual figures
Student accommodation group Empiric has revealed a robust set of figures for last year with net asset value (NAV), profit and revenue all rising for the year.
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OnlineNo business rates for 12 months in new £330bn Covid-19 package
The chancellor has waived business rates for a year for the entire retail and leisure industry as part of a new £330bn coronavirus package.
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OnlineCovid-19: NHS Property Services identifies options for extra capacity
The property arm of the NHS has already found multiple spaces across the country for additional capacity to keep up with the demand amid the coronavirus outbreak.
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OnlineUK government gives Purfleet-on-Thames regeneration a £75m boost
The regeneration of Purfleet-on-Thames town centre is getting an additional £75m boost from the UK government’s Housing Infrastructure Fund.
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OnlineCoronavirus: how must build-to-rent sector prepare?
It’s official: coronavirus, the black swan of 2020, is now a pandemic.
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NewsVistry Group and Clarion launch £400m joint venture to build 1,000 homes
Vistry Group and Clarion Housing Group have launched a £400m joint venture to build 1,000 homes near Northampton.
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OnlineH&M to ask landlords for rent holiday to combat coronavirus impact
Fashion retailer H M will ask British landlords for a rent holiday next week to mitigate the widespread impact of the coronavirus outbreak on the business.
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OnlineLaura Ashley appoints administrators
Struggling fashion and homeware retailer Laura Ashley has appointed PwC administrators after rescue talks were abandoned due to the Covid-19 outbreak.
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OnlineSmart lock maker Proxy raises £34.5m in funding
Smart lock and building access firm Proxy has raised $42m (£34.5m) in a Series B funding round.
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OnlineCarphone Warehouse to close over 500 stores
Carphone Warehouse is to close all of its 531 standalone stores on 3 April, resulting in 2,900 redundancies.
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OnlineHarworth CEO to retire
The chief executive of regeneration group Harworth has revealed he will step down at the end of this year after 10 years in the role.
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OnlineColliers calls for reintroduction of rates deferment scheme
Colliers has called on the government to introduce a three- or six-month deferment scheme to help businesses impacted by coronavirus.
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OnlineTritax warns on Coronavirus as NAV falls
Tritax Big Box REIT has warned Coronavirus may impact earnings as it posted a fall in net asset value (NAV) for the year to the end of December.
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OnlineBlackstone in talks to buy Southbank Place
Blackstone is in talks to buy Almacantar’s Southbank Place development, which was put on the market last year with an £875m price tag.
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OnlinePi Labs gets £2.5m from Revcap to fuel global expansion
European real estate fund manager Revcap is investing £2.5m in London-based proptech fund Pi Labs to help its global expansion.
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OnlineMerger plans dropped by LSL and Countrywide
LSL and Countrywide have dropped plans for a merger.
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OnlineHana signs up for flexible workspace in Manchester
CBRE’s flexible workspace group Hana is set to open its first location outside London following a deal to take space at Fore Partnership’s Windmill Green building in Manchester’s city centre.
