All Property Week articles in 17 April 2020 – Page 5
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OnlineRetail leaders call on Government to underwrite rents
The leaders of three leading retail and property groups have written to the Chancellor Rishi Sunak calling on the government to underwrite retail rents as store groups and landlords suffer in the Covid-19 health outbreak.
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OnlineCountryside bosses donate 20% of pay to Covid-19 fund
The directors of Countryside Properties are taking a 20% pay cut and donated the savings to add to a £1m community fund to help battle the Covid-19 outbreak.
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OnlineLeslau takes on Goldman Sachs in Travelodge rent row
Nick Leslau’s Secure Income REIT has begun legal action against the owners of hotel chain Travelodge after lambasting its owners for not making any proposals to pay rent after failing to make the last quarter payment.
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OnlineDebenhams strikes deals with landlords to keep stores open
Debenhams will shut seven stores after striking a deal to keep around 120 of its stores trading.
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OnlineEdinburgh Wollen Mill adds pandemic clauses to new Bonmarché leases
Edinburgh Wollen Mill is inserting pandemic clauses into new leases it is signing with landlords for Bonmarché stores.
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OnlineColliers launches free helpdesk to support retail and hospitality businesses
Colliers International has launched a free helpdesk to provide London’s independent retail, restaurant and leisure businesses with advice during the Covid-19 pandemic.
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OnlineCatella APAM hires Aviva’s Barry Hill
Real estate and investment manager Catella APAM has appointed Aviva Investors’ head of regional offices Barry Hill as a senior asset manager.
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NewsShanly Foundation ringfences £150,000 to help organisations fight Covid-19
The charitable branch of the Shanly Property group has dedicated £150,000 to organisations aiding the fight against Covid-19.
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OnlinePropertyshe perspectives: the impact of Covid-19 on offices, construction site safety and personalised face masks
Another week of lockdown began somewhat dramatically with us being uplifted by an unprecedented broadcast by Her Majesty the Queen and then, within hours, downcast to see our PM, Boris Johnson, rushed into intensive care. Meanwhile, sobering news continued to reach us from around the world.
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OnlineWorkspace offers 50% rent cut to tenants
Flexible workspace provider Workspace has offered tenants a 50% rent reduction during the lockdown period.
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OnlineL&Q commits £650,000 to organisations fighting Covid-19 pandemic
Housing association L Q has committed £650,000 to organisations fighting the Covid-19 pandemic.
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OnlineUrban Exposure cuts director pay and cancels dividend
Urban Exposure has cut its directors’ pay by 10% and cancelled the final payment of the 2019 financial year dividend in light of the Covid-19 outbreak.
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OnlineCole Waterhouse submits plans for mixed-use Digbeth scheme
Cole Waterhouse has submitted plans for its 5.11-acre Digbeth site to Birmingham City Council.
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OnlineBusinesses eye up Carluccio’s restaurant sites
Supermarket chain Tesco is among those that have expressed interest in buying Carluccio’s restaurant sites and other assets, but no buyer has come forward for the whole business.
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OnlineFrench investor makes UK debut with 90 Bartholomew Close buy
Helical’s joint venture with The Baupost Group has sold City of London building 90 Bartholomew Close to pan European investor Francais Real Estate Partners International (LF REPI) despite the current “constrained environment”.
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OnlineReal estate hardest hit by Covid-19 according to latest data
Real estate has been the hardest industry hit during the Covid-19 pandemic, according to the latest Red Flag Alert report from Begbies Traynor.
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OnlineFoxtons seeks £22m from investors to help it through health crisis
Foxtons Group is attempting to raise around £22m through a share placing as the group struggles likes many residential agents through the Covid-19 lockdown.
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OnlinePurplebricks hires former Zoopla financial chief
Purplebricks has hired former Zoopla chief financial officer (CFO) Andrew Botha to replace outgoing CFO James Davies.
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InsightWhy we fail at problem-solving
One of the defining factors in determining the eventual impact that Covid-19 will have on the world will be the ability of countries and medtech to collaborate in designing and producing at scale an effective vaccine.
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InsightA stronger industry will emerge
A doctor friend just told me that having turned 60 I would now, in extremis, not be prioritised for a ventilator should one be required.
