All Property Week articles in 15 May 2020
View all stories from this issue.
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OnlineHoward de Walden Estate moves Marylebone summer festival online
The Howard de Walden Estate will hold its annual Marylebone summer festival virtually this year to comply with the government’s social distancing measures.
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OnlineASK Partners provides £12.5m loan for Clerkenwell development
Property investor ASK Partners has provided a £12.5m senior loan facility against a mixed-use development in Clerkenwell, London.
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OnlineHomes England launches years-long study to support MMC uptake
Homes England has commissioned its own research into modern methods of construction (MMC) as it looks to tap into the “enormous potential” they hold for housing delivery in the UK.
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OnlineTravelodge’s biggest landlord offers alternative plan to avoid CVA
One of Travelodge’s biggest landlords is gathering support for an alternative payment plan in an effort to stop the operator going through a CVA process.
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OnlineJR Capital purchases Leeds City Centre asset for £4.35m
JR Capital has purchased a prime high street investment in Leeds City Centre for £4.35m.
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OnlineRadio House Cambridge bags first tenant
Orchard Street Investment Management has completed its first letting at Radio House Cambridge to smart home technology and consultancy business Sentec.
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OnlineAllsop raises more than £40m in latest commercial auction
Allsop sold 88% of its 47 lots at its online commercial sale this week, raising over £40m, with more than 13 lots sold for a price in excess of £1m.
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OnlineCountrywide sees operating loss of £37.5m, formally exits deal
Countrywide saw a 3% decrease in group income for the year to December 2019.
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OnlineAssura net rental income up 3.9%
The biggest challenge facing healthcare property is growth potential as the UK has generally underinvested in primary care properties, according to Assura chief executive Jonathan Murphy.
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OnlineWhitbread pre-tax profit down, announces £1bn rights issue
Whitbread has revealed plans to raise £1bn in a rights issue to allow it to take advantage of long-term structural growth opportunities after the Covid-19 pandemic.
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NewsCBRE joins 150 companies asking suppliers to report environmental data
CBRE has joined over 150 companies in a global initiative to ask suppliers for environmental data.
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NewsArcadis and Tibbalds submit planning for 5,000 homes
Arcadis and Tibbalds Planning and Urban Design have submitted a planning application for the infrastructure and final 5,000 homes of a 10,000-home Homes England development in Northstowe, Cambridgeshire.
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OnlineStock market summary: 20 May
Great Portland Estates saw a 1.22% drop in share price on the announcement of its full year results .
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NewsLong income outperforms ‘mainstream’ market, says CBRE
Long-income funds are outperforming the “mainstream” commercial property market, according to data from CBRE.
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NewsIntu Metrocentre lenders braced for restructuring clash
Intu Metrocentre’s lenders are set to appoint advisers in a potential move to negotiate a financial restructuring with the struggling shopping centre’s owners.
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NewsTreasury likely to ban debt-for-yield council property investment
The Treasury is likely to ban local authorities from using taxpayer-funded debt to invest in properties purely for yield.
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NewsGarlin Asset Management to use Yardi software
Garlin Asset Management will use a range of proptech solutions by software developer Yardi for its real estate operations.
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NewsMerger to create largest independent surveying practice in Stockport
Property companies Buckley Commercial and Fairhurst Estates have merged to become Fairhurst Buckley.
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OnlineSouth African investor offers share swap with Hammerson
South African property investor Lighthouse Capital has offered owners of Hammerson shares the option to swap them for new stock in Lighthouse.
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OnlineAmazon to pre-let former Toys ‘R’ Us in Croydon
Amazon has signed a pre-let for a new storage and distribution centre at a former Toys ‘R’ Us store in Croydon, south London.
