All Property Week articles in 17 April 2020 – Page 3
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Marchmont Investment Management buys third asset at EuroCourt
Marchmont Investment Management has upped its presence at the EuroCourt logistics park in West Thurrock with the acquisition of a 63,000 sq ft last-mile logistics warehouse.
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Is ‘force majeure’ a force for good?
Force majeure clauses cover everything from natural disasters to global pandemics. With the UK in Covid-19 lockdown, what types of property contract are most likely to include the clauses, and how are they used?
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Are CVAs about to go viral?
As the coronavirus lockdown puts high street retailers in peril, are landlords about to be struck by a new wave of CVA proposals?
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The Guinness Partnership issues £400m bond to support development of 12,500 homes
Housing association The Guinness Partnership has issued a £400m, 35-year bond to support the development of 12,500 homes over the next decade.
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Danescroft and Bridges Fund Management buy Hastings office for residential scheme
Danescroft and Bridges Fund Management have bought Hastings office block Ashdown House with plans to regenerate the 13-acre site into a new-build residential scheme.
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Digital consultation launched for revised leisure plans at the Northern Gateway in Colchester
Turnstone Estates has launched a digital consultation on revised plans for its leisure development at the Northern Gateway site in Colchester, Essex.
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Cath Kidston to permanently close all UK stores
Fashion and homeware retailer Cath Kidston will close all 60 of its UK stores under a new rescue deal with its Hong-Kong based owner, Baring Private Equity Asia, according to Sky News.
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Octopus renews commitment to provide ‘no valuation’ bridging loans to Acuitus auctions
In a move to reassure investors, Octopus has renewed its commitment to provide ‘no valuation’ bridging finance for lots offered at Acuitus commercial property auctions.
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Realty Income Corporation snaps up Tesco supermarket for £70m
Realty Income Corporation has bought a Tesco superstore in Enfield, north London for around £70m.
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SMEs in shared offices sign petition against SBRR grant scheme
SMEs in shared offices have signed a petition protesting about their ineligibility from the government’s small business grants scheme, according to office experts.
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Student accommodation landlords waive up to £773m
Student accommodation providers in the UK are waiving up to £773m in rents due to the Covid-19 pandemic, according to new data from Cushman Wakefield.
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Plans submitted for student accommodation in Paisley
Construction firm The JR Group has submitted a planning application to restore a former Territorial Army building into student accommodation in Scotland.
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Landsec board contributes to Covid-19 support fund
The board of directors at Landsec has waived 20% of their base salaries or fees and donated the money to a £500,000 support fund for its charity partners.
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Card Factory leases 135,000 sq ft ex-Fox’s Biscuits warehouse
Card Factory has leased a 135,00 sq ft warehouse in Wakefield previously occupied by Fox’s Biscuits.
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Insight
The future is digital for property transactions
There is little doubt that technological innovation has the ability to completely revolutionise the way we think about property transactions.
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Covid-19: How it will reshape the retail landscape
As our world-leaders shut down businesses and urge people to stay at home to prevent the spread of Covid-19, it is difficult for anyone not to feel the consequences of this pandemic.
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Will SONIA rate bring about a fairer system?
The London interbank offered rate’s (LIBOR’s) role as a base rate in business loans is living on borrowed time.
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NHS field hospital at Manchester Central convention centre offered rent free
The third temporary NHS hospital to manage Covid-19 patients in Manchester Central convention centre is being offered to the NHS rent free.
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Dalata sells Dublin hotel to Deka for €65m
Hotel group Dalata has agreed the sale-and-leaseback of one of its hotels in Dublin to German investor Deka Immobilien for €65m (£56m).