All Property Week articles in 17 April 2020 – Page 4
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News
Harrison Street hires Round Hill Capital president as European chief executive
Investment management firm Harrison Street has appointed Paul Bashir as chief executive of its European arm from 1 June.
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News
Construction of vaccine manufacturing centre fast-tracked
Construction work on a vaccine manufacturing centre has begun ahead of schedule, in a bid to provide the UK’s first bespoke vaccine development and manufacturing facility.
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Online
Inquiry to probe council investment in commercial property
A parliamentary inquiry has been launched into local authority investment in commercial property.
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Online
Stenprop collects three quarters of rent during health crisis
Industrial property group Stenprop has collected 73% of its quarterly rent and is in talks with tenants who are yet to agree payment terms.
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Online
Big Yellow raises £82m from share placing
Storage group Big Yellow has raised just under £82m from investors in order to fund land acquisitions to add to its development pipeline.
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Online
Cushman & Wakefield management donate pay cuts to employees in hardship
Cushman Wakefield’s management team have taken pay cuts of 20-25%, with the savings going directly to employee assistance programmes for those affected by Covid-19.
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Online
Stock Market Summary: 20th April
Harworth sees a near 12% jump, while intu’s share price fluctuations continue.
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News
Number of completed BTR homes soars by 42%
The number of newly completed build-to-rent (BTR) homes has jumped by 42% when compared to the same period last year.
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News
Hill’s pre-tax profit falls 12%
Housebuilder Hill’s pre-tax profit for 2019 has fallen 12% compared with 2018.
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Insight
Is Fire Safety Bill a step in the right direction?
In a tumultuous year, concerns around fire safety – one of the most pressing issues in the development sector – have been largely overshadowed by the global Covid-19 pandemic and lockdown.
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News
CBRE creates new head of technology role
CBRE has appointed Mike Gedye to head its newly created technology sector group.
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News
Phase three of £218m South Oxhey Central gets greenlight
Housebuilders Countryside and Home Group have received planning consent for the third phase of their £218m South Oxhey Central development.
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Online
CBRE GI appoints Sovereign Centros for Epsom mall development manager role
CBRE Global Investors has appointed Sovereign Centros as strategic development and asset manager for The Ashley Centre in Epsom, Surrey.
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Online
Debenhams’ administrators push for deal on rent
Debenhams’ administrators are considering a legal challenge to absolve it of responsibility for its rent bill, according to The Sunday Times .
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Online
IWG plans £250m sale and leaseback for ten UK properties
Flexible workspace provider IWG is planning a £250m sale and leaseback to help shore up its finances.
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Information
Guide to law supplement - April 2020
Big issues facing property – Which property contracts are likely to include force majeure clauses – Will CVAs go viral?
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Online
EcoWorld secures £36m loan to fund East London resi scheme
The joint venture between EcoWorld London and Poplar HARCA has secured a £36m development loan from Lloyds Bank to develop 223 residential units, a community centre and ancillary retail at Aberfeldy Village in Poplar, London.
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Online
Join Property Week’s second free wellbeing workshop this lunchtime
lazysunday_edit Practice some self care this lunchtime with the second of Property Week’s free wellbeing webinars, run in association with Moda Living and its wellbeing partner hero.
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Online
FirethornTrust agrees £22m loan to fund Northampton logistics scheme
FirethornTrust has agreed a £22m debt facility with Federated Hermes to finance the construction of a 325,000 sq ft logistics scheme at Milton Ham, near Northampton.
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Online
Washington law firm takes four floors at 22 Bishopsgate
Law firm Covington Burling has taken 86,000 sq ft at AXA Investment Managers - Real Assets’ flagship development in the City of London.