All Property Week articles in 27 March 2020
View all stories from this issue.
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OnlineMajor proptech firms to collaborate on tech solutions for residential
A new proptech innovation programme called PropertyLab is being launched collaboratively between developers, proptech firms and VC funds to create tech solutions for the residential sector.
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OnlineBond Wolfe cancels May auction
West midlands-based auction house Bond Wolfe has cancelled its May auction in response to the ongoing coronavirus crisis.
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OnlineProptech LandTech launches free platform to help communities battle Coronavirus
The makers of development site-sourcing platform LandInsight have repurposed their platform to fight the coronavirus pandemic and help communities match volunteers and those in need.
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OnlineOver 80% of institutional investors think investment in long income property will increase
Over 80% of professional investors believe the level of investment in long income property from pension funds will rise over the next two years.
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OnlineAllsop raises over £27m at March auction despite Covid-19 restrictions
Allsop raised £27.5m at its commercial auction this week, selling 70% of the lots offered via an online-only platform.
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OnlineOffice sector will weather pinch on co-working occupiers, analysis finds
The stress co-working and flexible offices are feeling from population lockdowns ha not seeped into the broader office market yet, according to a new analysis by independent economic research firm Capital Economics.
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OnlineLegal & General sells Bracknell office for £33m
Honeywell House in Bracknell has been sold by LGIM Real Assets to Runnymede Borough Council for £32.9m.
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OnlineJefferies analyst Mike Prew turns from bear to bull
Jefferies analyst Mike Prew has upgraded a raft of real estate stocks to ‘buy’ and predicted a wave of M A activity in the listed property sector.
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OnlineSafestore reports occupancy fall of just 0.8% since outbreak
Safestore has reported a dip in occupancy of just 0.8% since the first quarter ended on 31 January.
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OnlineFeeney leaves Lloyds for Mizuho Bank
Mizuho Bank has hired Lloyds Bank’s former head of real estate John Feeney as managing director, head of European corporate finance department.
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OnlineSoftBank walks away from $3bn WeWork shares purchase
SoftBank has walked away from buying $3bn (£2.4bn) of WeWork stock.
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OnlineLondonMetric collects high portion of quarterly rent due
LondonMetric has so far collected 85% of the rent due for the coming quarter and it expects to receive another 7% shortly.
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NewsSavills Ireland launches virtual house buying website
Savills Ireland has launched a new website which lets prospective home buyers view and buy properties online.
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OnlineStartup Bloxspring offers help to proptech firms during pandemic
A new startup called Bloxspring is offering proptech firms a pro bono crisis communications and sales planning workshop during the coronavirus pandemic.
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InsightWe must give back to get heard
The general public has a poor perception of the property industry (27% favourability, according to a British Property Federation/Populus survey) and the government is not prioritising us.
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OnlineEdinburgh office building sold to Austrian investors
The five-storey Wemyss House office building in Edinburgh has been sold to a family of Austrian property investors for more than £5m, 20% more than the asking price.
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OnlineNext plans sale and leaseback of HQ and warehouses
Fashion retailer Next has appointed agents to dispose of its Leicester HQ to mitigate the hit to its business by Covid-19.
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OnlineBNP Paribas Group promises to pay staff full wages for next three months
BNP Paribas Group has committed to paying all of its employees, including those at BNP Paribas Real Estate and Strutt Parker, their full salaries for the next three months.
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OnlineProperty Stocks Daily Performance: Wednesday 1st April
We look at the performance of the top property company stocks.
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NewsB&M to temporarily close 49 stores
B M UK is to close 49 stores temporarily despite being allowed to continue to trade under Covid-19 measures.
