All Property Week articles in 17 April 2020
View all stories from this issue.
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Winding up petitions to be temporarily voided in new government measures
Winding up petitions issued to commercial tenants are to be temporarily voided under new government measures aimed at protecting high-street businesses.
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Knight Frank launches roadmap for re-occupancy
Knight Frank has launched a roadmap in a bid to help occupiers safely re-enter the workplace once lockdown sanctions have lifted.
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Early signs of industry preparing to end lockdown, says Savills
Signs of life in the housebuilding industry have emerged following weeks of stasis, according to Savills.
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Hammerson deal to offload retail park portfolio hits the rocks
Hammerson’s plan to offload a swathe of retail parks to Orion European Real Estate Fund V for £400m has failed to complete by the deadline.
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Standard Life Investments Property Income Trust receives 66% in quarterly rent
Standard Life Investments Property Income Trust received two thirds of rent for the second quarter of this year.
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Sovereign Centros signs up two restaurants at Glasgow’s East End scheme
Asset and development manager Sovereign Centros has secured two restaurant lettings for St Enoch Centre’s East End leisure development in Glasgow.
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UK logistics market sees 42% increase in take-up
New research shows that the logistics market achieved total take-up of 6.26m sq ft in the first quarter of this year, up 42% on last year.
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Dublin’s Phoenix House sold for €16m
Phoenix House in Dublin has been sold to a private investor for €16m (£14m).
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Harworth JV lets 55,600 sq ft of industrial space in Bolton
A joint venture between Harworth and the LPPI Real Estate ACS (managed by Knight Frank Management) has completed the letting of 55,600 sq ft of logistics space in Bolton, Greater Manchester.
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Ashford International Studios gets the green light
The £250m Newtown Works development, which will see derelict railway works in Ashford, Kent, transformed into 240,000 sq ft of dedicated studio space, was approved by Ashford Borough Council’s planning committee on Wednesday evening.
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Taylor Wimpey to open sites in May
Taylor Wimpey will begin a phased return to construction in May.
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Octopus bolsters care homes team
Octopus Real Estate has appointed Chris Wishart as director of origination of its care home fund management team.
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KKR acquires stake in Mirastar
Global investment firm KKR has acquired a stake in Mirastar, a specialist developer investor and manager of logistics assets in Europe.
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Constellation refinances £340m facility on London’s Connaught and Berkeley hotels
Constellation Hotels has refinanced a ten-year loan on The Connaught and The Berkeley hotels in London.
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Secure Income REIT rejects Travelodge’s proposal
Secure Income REIT has rejected a rent payment proposal from Travelodge, tipped by Property Week, saying it “was not in keeping with either the nature or the spirit of the proposals made by any of our other tenants who all engaged with us constructively and at an early stage.”
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MSCI models economic impact of Covid-19 on asset values
The economic fallout from Covid-19 could lead to real estate values dropping between 13% and 37%, according to research from MSCI.
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Cheyne Capital launches second impact real estate fund
Cheyne Capital has launched a second impact real estate fund, with an initial £150m to deploy on affordable housing projects.
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Cushman & Wakefield release guide on reopening workplaces
Cushman Wakefield has released a how-to guide for real estate tenants and landlords on reopening workplaces as stay-at-home restrictions are lifted.
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Gordon Brothers rescue Laura Ashley from administration
Global advisory and investment firm Gordon Brothers has bought Ashley from the group’s administrator.