All Property Week articles in 27 March 2020 – Page 5
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Online
Regulator needs to step in to help insurers be flexible with real estate borrowers
Insurers have called for intervention from the regulator to enable them to be flexible with struggling real estate borrowers.
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Online
Barclay family completes sale of Ritz hotel amid feud
Aiden Barclay has struck a deal to sell the Ritz hotel to a Qatari investor despite uncertainty caused by the outbreak of Covid-19.
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News
Temporary mortuary being built at Birmingham Airport
A temporary mortuary is being built at Birmingham Airport in order to cope with the expected rise of Covid-19 deaths.
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Online
Adapting in challenging times – how property managers should adjust to the disruption caused by Covid-19
The coronavirus outbreak has caused extreme disruption across the world.
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Online
Pi Labs launches its first remote business accelerator cohort
Proptech fund Pi Labs is hosting the first remote working cohort of its business accelerator.
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News
Tesco reoccupies 620,000 sq ft unit in Milton Keynes to meet coronavirus demand
Tesco has re-taken possession of a vacant warehouse in Milton Keynes to deal with a surge in demand caused by the Covid-19 lockdown.
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Online
The City Pub Group seeks £22m through new shares placing
The City Pub Group is looking to raise up to £22m to strengthen its balance sheet with a placement of new shares after the business was hit by the coronavirus outbreak.
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News
Housebuilder shares drop as housing market comes to a halt
Housebuilders and estate agents’ share prices have crashed after the government advised buyers and sellers to hold off on housing transactions.
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Online
CBRE GI completes Eagle House sale
CBRE GI has completed the sale of West End office building Eagle House to Mactaggart Family Partners (MF P).
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Online
Next closes operations and stops taking orders
High street retailer Next has temporarily closed its online, warehousing and distributions operations, and has stopped taking online orders.
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Online
Chiquito will not reopen several stores after Covid-19 lockdown
The Restaurant Group is appointing administrators for its Tex-Mex restaurant chain Chiquito and 61 of its 80 branches will not reopen.
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Online
Mike Ashley apologises for Sports Direct coronavirus response
Sports Direct owner Mike Ashley has written an open letter of apology after the chain came under fire for announcing it would remain open during the Coronavirus lockdown in the UK.
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Online
Supermarket Income REIT pays dividend and increases rents
Supermarket Income REIT will pay its third-quarter dividend after receiving all of its expected quarterly rent.
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Online
U+I disposes of three assets for a total of £22.4m
U+I has disposed of the Crown Glass shopping centre in Nailsea for £11.5m, the remaining two units at The Killingworth Centre in Newcastle for £7.5m and 89-107 Queen Street in Cardiff for £3.75m.
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Online
H&M threatens to leave UK leases early
Fast fashion retailer Hennes Mauritz (H M) is petitioning its UK landlords to allow it to exit its leases if sales don’t recover following the Covid-19 pandemic.
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News
Life in lockdown
There have been many dire warnings over the years about the threat of a global pandemic, but who seriously thought that when World War III broke out it would not pit nation against nation in nuclear Armageddon but the entire globe against a common enemy of a rampant and deadly ...
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Property stocks plummet as coronavirus crisis escalates
Share prices have slumped by around 37% on average, with struggling retail landlord intu hit hardest.
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News
Intu embarks on crisis talks to save company from collapse
Shopping centre giant intu has embarked on a series of meetings with lenders and investors in a last-ditch attempt to rescue the company from collapse.
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Insight
We must retain heritage buildings
Browsing through a junk shop one weekend, I found an old shield with a motto emblazoned across the bottom, Respiciens Prospiciens : ’Looking backwards, looking forwards’.
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News
MMC on hunt for new Bristol space
Professional services company Marsh McLennan Companies (MMC) has launched a search for a 40,000 sq ft office in Bristol.