All Property Week articles in 22 May 2020
View all stories from this issue.
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NewsSome insurers to pay out on business interruption insurance
An undisclosed number of insurance companies have said they would pay out on business interruption insurance relating to fallout from the Covid-19 pandemic, The Guardian has reported.
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OnlineStrettons sells 92% of its catalogue at May auction
Strettons raised a total of £8.3m at its auction this week, achieving a 92% success rate.
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OnlineCushman & Wakefield withdraws from direct sales of UK homes
Cushman Wakefield has withdrawn from the direct sales of UK new homes.
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OnlineAberdeen Standard extends lease on 208,000 sq ft Heathrow warehouse
Aberdeen Standard Investments’ Airport Industrial Property Unit Trust (AIPUT) fund has secured a 10-year lease extension at a Heathrow warehouse.
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OnlineCineworld secures financial breathing space as it gears up to reopen sites
Cineworld has secured a waiver on loan covenant and agreed $110 (£89.7m) of extra liquidity through an increase in its revolving debt facility.
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NewsUK government seeks 4m sq ft for Tesla ‘gigafactory’
The British government is on the hunt for 4m sq ft of industrial space for a potential electric vehicle ‘gigafactory’, Property Week can reveal.
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OnlineNew 140,000 sq ft Bromley office development given go-ahead
A new 140,000 sq ft office development in Bromley has been given the go-ahead.
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OnlineIWG in £315m equity raise
IWG is aiming to raise £315m in a new non pre-emptive placing of ordinary shares.
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OnlineCushman head of resi investment joins Stonegate Homes
Cushman Wakefield’s head of residential investment and PRS, Jack Simmons, has left the firm to join Stonegate Homes.
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NewsSavills mourns loss of Estelle Forrester
Estelle Forrester, Savills’ retail director, died on Wednesday 29 April.
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OnlineIlke Homes launches new customer-facing unit amid regional push
Yorkshire-based modular company ilke Homes has launched a homes and development unit to manage all sales of homes to customers amid an attempt to expand into the regions.
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OnlineJohn Lewis among retailers planning for phased reopening of stores
Retailers are preparing to reopen their shops following more than two months of closures.
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NewsLandwood’s commercial asset division leader promoted to board director
Manchester-based property group Landwood has promoted commercial asset division leader Anna Main to the company board.
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NewsSales and credit team hires made at Octane Capital
Octane Capital has hired two new managers for its sales and credit teams.
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NewsOccupier demand fell by 30% in Q1, says DeVono Cresa
Commercial property occupier demand fell by 30% in Q1, according to analysis by occupier-only property consultancy DeVono Cresa.
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NewsDunaskin Properties secures £30m funding package
Dunaskin Properties has secured a £30m funding package from Bank of Scotland towards 10 of its historic office and retail buildings in Glasgow.
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NewsFirst sale at Devon industrial park is 75,500 sq ft high-bay warehouse
Real estate investment management firm Oxenwood Real Estate and its joint venture partner Mulberry Developments have sold the first unit on the site of a 390,000 sq ft former factory.
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NewsArgentex Group completes on 12,000 sq ft London headquarters
Foreign exchange services company Argentex Group has let a 12,000 sq ft office for its headquarters at 25 Argyll Street in London.
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NewsTritax Symmetry to construct 60,000 sq ft net zero carbon scheme
Tritax Symmetry has secured planning consent for a 60,000 sq ft scheme which will be constructed with net zero carbon emissions in line with the UK Green Building Council’s (UKGBC) framework.
