All Property Week articles in 20 March 2020 – Page 2
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Intu to lower service charge by 22%
Retail landlord intu will lower its service charge by 22%, in the second half of the 2020 financial year meaning tenants will see an 11% reduction to their annual service charges.
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Mipim organiser cancels 2020 Cannes event
Mipim organiser Reed MIDEM has announced the annual Cannes conference will be replaced this year with a two-day event in Paris in September.
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Rent deferred for City of London businesses
The City of London Corporation has offered rent relief to businesses that are struggling as a result of government measures around Covid-19.
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RoundShield raises £670m in fourth fund
RoundShield Partners has raised £670m for its fourth European Special Opportunities fund.
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Business rates exemption extended to estate agents and letting agencies
The government has announced that estate agents, lettings agencies and bingo halls that closed as a result of Covid-19 measures are to pay no business rates for the 2020-21 financial year.
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Travelodge to miss rent payment as hotel sector repositions to meet Covid-19 crisis
Travelodge will not pay its quarterly rent today and Staycity has asked for a rent freeze as the outbreak of Covid-19 takes its toll on the sector.
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Savills gender pay gap figures remain static
The gender pay gap at Savills has remained static compared to 2018 despite a number of policies being implemented to boost diversity, according to its annual gender pay gap report.
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Luton office space 300 Capability Green sold for £62m
A private client of Citi Private Bank has acquired over 181,750 sq ft of prime office space in Luton for £62m.
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Bellway profit falls as housebuilder as it closes down sites
House builder Bellway Homes has revealed a 7% fall in pre-tax profit for the six months to the end of January and has warned of “a period of substantial disruption” during the Covid-19 health crisis.
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Unite cancels rent payments for students wishing to return to their families
Student accommodation giant Unite is set to take a hit of up to £125m by allowing students to forgo rent if they choose to return home for the remainder of the 2019/20 academic year.
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McCarthy & Stone offers 300 homes to NHS staff and recovering elderly
Retirement home giant McCarthy Stone has offered the Government 300 newly built apartments to house NHS staff and elderly patients recovering from Covid-19.
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Savills appoints Mark Reynolds as new MD
Savills Ireland has appointed Mark Reynolds as its new managing director.
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Colony chairman warns US market for CRE loans is 'on the brink of collapse'
Colony Capital chairman and chief executive Tom Barrack has warned that the market for commercial real estate loans in the US is “on the brink of collapse”.
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Construction of 22 Bishopsgate paused
Construction of new City of London skyscraper 22 Bishopsgate has stopped as contractor Multiplex downed tools in response to the government’s coronavirus restrictions.
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Property stocks daily performance: Tuesday 24th March
We look at the performance of the top property company stocks.
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Billions of pounds of rent won’t be paid tomorrow, say UKHospitality
Trade body UKHospitality has warned that billions of pounds in rents will not be paid this week, as hundreds of businesses plan to skip rent payments amid the coronavirus crisis.
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Acuitus cancels March auction
Acuitus has cancelled its upcoming auction following the government’s latest advice on social distancing.
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Temporary hospital to be set up at London ExCel Centre
Health secretary Matt Hancock has announced a new temporary hospital will open next week at ExCel centre in London Docklands.
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Allsop move to online only auction
Allsop will hold its forthcoming March residential and commercial auction online following the latest government advice surrounding Covid-19.
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Colliers adds to retail capital markets team
Colliers International has appointed Pierre Kunkler as a director in its retail capital markets team.