All Property Week articles in 27 March 2020 – Page 4
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Dunelm warehouse sold for £2.2m
A warehouse let to Dunelm in Halifax, Yorkshire, has been sold to property investor Parkside Props for £2.2m.
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Avison Young cuts pay and introduces furlough programme
Avison Young is cutting pay for all its staff and is introducing a furlough programme.
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Landlords left in the dark by government
Through the business rates system, the government is providing a great deal of financial support to businesses affected by the Covid-19 outbreak.
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British Retail Consortium urges government to pay back all rates appeals
The British Retail Consortium (BRC) has urged the government to pay back all the money claimed by ratepayers.
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Covid-19 to drive over 5m sq ft of industrial requirements, says LSH
The Covid-19 outbreak will drive over 5m sq ft of industrial and logistics requirements, according to Lambert Smith Hampton’s (LSH’s) latest industrial and logistics report.
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LSH reviews furlough options
Lambert Smith Hampton (LSH) is reviewing furlough options as the agency suffers a drop in activity due to the coronavirus outbreak.
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Housebuilder Harron Homes offers discount to NHS staff in West Yorkshire
Housebuilder Harron Homes has offered a discount to NHS staff who make new reservations after 1 st April on one of its homes.
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Carluccio’s collapses due to coronavirus
Italian restaurant chain Carluccio’s has gone into administration, blaming challenging trading conditions made worse by the coronavirus outbreak.
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BrightHouse collapses into administration
The UK’s biggest rent-to-own operator, BrightHouse, has collapsed into administration.
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Moda and Apache submit plans for £258m Birmingham resi development
Moda Living and Apache Capital have submitted their plans for a 722-home build-to-rent project in Birmingham.
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Oakmount purchases former Latimer Trend site in Plymouth
Oakmount Control Systems has bought the former Latimer Trend site in Plymouth.
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More conference centres and stadiums to be converted into temporary hospitals across the UK
Multiple events centres and stadiums across the UK will be converted into field hospitals to treat patients with coronavirus.
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Knotel makes drastic staff cuts
WeWork rival Knotel has made 30% of its workforce redundant and furloughed another 20%, becoming the latest venture capital-backed real estate firm to bow to the impact of Covid-19.
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FirethornTrust makes three hires
FirethornTrust has made three new recruits as it bolsters its in-house development capabilities.
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Cushman & Wakefield makes redundancies
Cushman Wakefield is making redundancies as part of a “long term strategic review.”
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CBRE efforts to help NHS during health crisis secures 145,000 beds near hospitals for staff
CBRE’s efforts to help the NHS during the Covid-19 is already yielding results, just a week after it launched the campaign.
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Southern Grove acquires Maidstone library for affordable homes development
Developer Southern Grove has secured a site in Maidstone for an affordable housing scheme.
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Inland Homes axes dividend as directors take pay cuts to mitigate impact of Covid-19
Inland Homes has said the Government’s action last week to put a freeze on home transactions as part of its measures to fight Covid-19 last week have “severely impacted the UK housing market”.
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Purplebricks introduces video valuations and virtual viewings as Covid-19 hits revenue
Purplebricks has switched its business focus to a completely online model in the face of the Covid-19 health crisis.
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Hammerson collects 37% of second quarter rent and suspends final dividend to mitigate Covid-19 impact
Hammerson collected just 37% of the latest quarterly rent bill in the UK, but is vowing to help tenants through the Covid-19 crisis.