All Property Week articles in 27 March 2020 – Page 2
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NewsTuntum housing secures £42.5m bond funding
Housing association Tuntum Housing has arranged an unlisted £42.5m bond, backed by a UK insurer and a UK pension fund, maturing in 2053.
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NewsLuxury hotel Claridge’s to house NHS workers
Luxury London hotel Claridge’s will open its doors on Friday to up to 40 key NHS staff who cannot live at home.
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NewsDelancey buys Cardiff office for £13m
Delancey has acquired a Cardiff city centre office building for £13m on behalf of a private client.
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NewsHardington Capital acquires £15m buildings from Investec Bank
Hardington Capital has acquired two buildings in Newport on behalf of a corporate client.
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OnlineSavills adds Jeremy Lamb to its auctions team
Savills has hired Jeremy Lamb as a director in its auction team.
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OnlineFlexible workspace bosses ask for business rates relief to save ‘hundreds’ of operators
The heads of more than 30 flexible workspace businesses have written to chancellor Rishi Sunak warning “hundreds” of operators could go under because of declining membership in light of the Covid-19 outbreak.
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NewsHelical agrees to monthly rent payments
Helical has agreed to monthly rent payments from businesses in financial difficulty as a result of Covid-19.
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NewsFrasers Group employees to be paid through April
Mike Ashley, chief executive of Frasers Group, has reportedly announced that the company will be paying salaries in April. Chris Wootton, the group’s chief financial officer, has told The Times that zero-hours contracts will also be paid this month. The Times has reported that Ashley has ...
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OnlineMount Street and Paul Hastings create new team to deal with LIBOR loans
Debt manager Mount Street and law firm Paul Hastings have joined forces to create a team that will help firms to replace LIBOR in their existing real estate loan documentation.
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NewsSchroders lets former department store to Queen Mary University
Schroder UK Real Estate Fund (SREF) has let a 55,380 sq ft office in Whitechapel to Queen Mary University of London, following the building’s redevelopment.
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NewsGovernment to consider which construction sites stay open
The government is considering drawing up a list of construction projects which will remain open, in a bid to prevent both the spread of coronavirus and the collapse of the building industry.
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NewsTaylor Wimpey directors take pay cut
Housebuilder Taylor Wimpey has announced its executive directors will take a 30% pay cut for the duration of the UK’s coronavirus lockdown.
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NewsInc & Co buys serviced office provider
Inc Co Property Group has acquired serviced offices specialist Prospect Business Centres, which provides 1,500 desks in seven locations across Leeds and London.
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OnlineSavills postpones AGM and withdraws dividend to preserve cash during health crisis
Savills has postponed its annual general meeting following the government’s public health instructions to stay at home measures during the Covid-19 pandemic.
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OnlinePHP expects Covid-19 to show “important role” its assets play in healthcare system
Primary Health Properties has collected 79% of first quarter rent to 31 March, mainly due to payments coming from UK and Irish governments.
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OnlineNew NHS Property Services chief executive begins role
NHS Property Services has appointed a new acting chief executive after the departure of previous boss Elaine Hewitt at the end of March.
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OnlineProperty Stocks Daily Performance: Tuesday 31st March
We look at the performance of the top property company stocks.
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NewsDevolved nations call for building site closures
Leaders from Scotland, Wales and Northern Ireland have pushed for more stringent action on construction sites, following last week’s advice from UK housing secretary Robert Jenrick that building should go ahead.
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OnlinePoundland to temporarily close 100 stores
Poundland is closing 100 stores this week in response to the spread of Covid-19.
