All Property Week articles in 24 April 2020 – Page 4
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News
Investment manager donates former MoD facility to NHS for field hospital
London developer Angle Property along with its funding partner Fiera Real Estate has recommissioned one of its properties in Surrey as an NHS temporary hospital to help tackle the coronavirus pandemic.
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Online
Returns from property fund slump to lowest level since end of global financial crisis
UK property fund returns hit their lowest level in 11 years during the quarter to the end of March, according to the MSCI/AREF UK Quarterly Property Fund Index.
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Online
WeWork appoints Knight Frank to advise on UK portfolio
WeWork has appointed Knight Frank to advise it on its leased portfolio in the UK as it looks to drive down costs.
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Online
Eight million office workers unable to return to offices
Almost eight million UK office workers will be unable to return to the office when lockdown measures are lifted, according to research from Colliers International.
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Online
The Collective gets go-ahead for mixed-use Battersea scheme
The Collective has been given the green light for a new co-living-led mixed-use scheme in Battersea, south-west London.
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Online
Supermarket Income REIT increases fundraising target after strong demand
Supermarket Income REIT has raised the target size of its latest fundraising following strong demand from investors.
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Online
Green light for Croydon mixed-use development
Brick By Brick has secured planning permission for its mixed-use development from Croydon Council.
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Online
Persimmon to reopen construction sites from Monday
Housebuilding giant Persimmon has become the latest developer to announce it will re-open construction sites, following similar moves from Taylor Wimpey and Vistry Group.
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Online
Deloitte calls in GCW to help with Oasis and Warehouse store disposals
Deloitte has instructed GCW to work on Oasis and Warehouse’s real estate portfolio and store disposals.
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Online
Alternative Income REIT to pay dividend despite drop in NAV and earnings
Alternative Income REIT has told investors it intends to continue paying a dividend despite a sharp fall in earnings and net asset value (NAV) during the three months to the end of March as the impact of the Covid-19 pandemic hit the firm.
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Online
Empiric refinances final tranche of debt
Empiric Student Property has struck a deal to refinance £32.8m of debt, which was due to expire in October.
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Online
Hibernia gets permission to redevelop Irish police HQ
Hibernia REIT has been given the green light from planners for an expanded development scheme at Harcourt Square in Dublin.
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Insight
Is self-build set to take off in the UK?
Property Week reports on a new Welsh government-backed self-build scheme that could inspire more people to take the DIY approach to home ownership
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Insight
Onshoring progress is welcome
Conversations about the economy and taxation have been difficult to avoid in recent weeks. Questions around how the UK will eventually return to normal – whatever that might now mean – after a lockdown are now absolutely critical.
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Markets
Lessons from a retail veteran
KLM Retail co-founder Ian Kitchen is surprisingly upbeat about retail’s future.
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Insight
The guessing games are in full swing
As suggested here on 27 March, the level of grace under Covid-19 pressure will define reputations post-pandemic: that decency, or lack of it, will be remembered on the far side. Four weeks closer to the far side, grace and its twin virtue, decency, continue to predominate.
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Insight
Isolation will force an office rethink
During a recent interview with Bloomberg Television, Morgan Stanley chairman and chief executive James Gorman suggested that the current pandemic had prompted the global banking giant to reconsider its real estate portfolio.
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Insight
It is time to ease the lockdown
Under his Twitter title, TV star Piers Morgan posts one of his favourite sayings: “One day you’re cock of the walk, the next a feather duster.”
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News
Retailers look to raise money with sale-and-leaseback deals
Some experts are predicting a surge in sale-and-leasebacks, but others question whether there is investor appetite.
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News
Former Ministry of Sound boss to head up Techspace
Former Ministry of Sound chief executive Jonathan Bevan has taken the reins at co-working operator Techspace.