All Property Week articles in 29 May 2020 – Page 2
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UK’s failure to build more retirement homes prevents downsizing
Decades of underinvestment in the senior living sector will result in almost 13 million people over the age of 65 living in unsuitable homes by 2040, according to a report by the Centre for the Study of Financial Innovation (CSFI).
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Get Living appoints director of real estate
Build-to-rent operator Get Living has appointed Ailish Christian-West as its new director of real estate.
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Avanton and Urban & Provincial receive green light for £130m redevelopment
Avanton and Urban Provincial have received planning permission for the £130m mixed-use redevelopment of an old Carpetright site on Old Kent Road, south-east London.
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HB Reavis acquires Shoreditch site and sells 20 Farringdon Street
Workspace provider HB Reavis has sold 20 Farringdon Street to Hong Kong investors for around £120m and has acquired Quick and Tower House, a prime development site in Shoreditch.
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LondonMetric completes £11.6m of long income acquisitions
LondonMetric has acquired two assets for a total of £11.6m, reflecting a blended net initial yield of 5.1%.
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Hospitality sector braces for new restrictions
The UK hospitality sector will face new restrictions when it reopens.
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String of agencies withdraw from Expo Real
Property agencies including CBRE, JLL and Cushman Wakefield have withdrawn from real estate trade fair Expo Real in Munich this year in light of the coronavirus pandemic.
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Landlords ‘baffled’ as Travelodge prepares to launch CVA
Travelodge landlords have voiced their concerns as the operator prepares to to launch a CVA later today in a bid to end its bitter rent dispute.
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TCS to pay interim dividend despite “material reduction in income” due to Covid-19
Town Centre Securities (TCS) will continue with plans to pay investors an interim dividend despite the impact of the Covid-19 on the company.
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Stock market summary: 2 June
Shopping centre landlord Hammerson was among the FTSE’s market leaders today, with its share price jumping more than 30% as some its tenants prepare to open their doors.
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Old Kent Road mixed-use scheme gets green light
A mixed-use development on Old Kent Road, south London was approved by Southwark Council subject to conditions in a planning committee meeting last night.
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Mipim organiser reveals details of Paris Real Estate Week after Cannes cancellation
Plans have been revealed to launch Paris Real Estate week in mid-September, following the cancellation of Mipim 2020 in Cannes due to the pandemic.
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McCarthy & Stone secures £300m debt facility
Senior living giant McCarthy Stone has secured a £300m debt facility ahead of its full-year results announcement on 15 July.
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Plans for mixed-use BTR scheme in Birmingham submitted
A planning application for a 440-unit BTR mixed-use scheme has been submitted to Birmingham City Council.
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Guidance for reopening commercial buildings released
Ahead of UK businesses reopening, RICS has issued guidance for professionals conducting safe inspections on commercial and residential property.
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Wokingham leads regional commercial property growth in 2019
Wokingham in Berkshire saw the largest regional growth in commercial property transactions last year with more than three times the amount spent than in 2018, Property Week can reveal.
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Warehouse REIT investors enjoy dividend payout despite health crisis
Warehouse REIT, the AIM-listed specialist warehouse investor, will pay investors a fourth interim dividend despite the threats faced by the property industry from the Covid-19 health crisis and a drop in net asset value (NAV).
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UKCM pays annual dividend despite fall in NAV and Covid-19 threat
UK Commercial REIT (UKCM) suffered a 3.7% fall in Net Asset Value (NAV) last year while net profit plummeted from more than £53m in 2018 to £1.6m in 2019.
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Stock market summary: 1 June
West End landlords Shaftesbury and Capital and Counties (Capco) were the highest-rising property stocks today, as investors digested the news that Capco agreed to buy a stake in the rival property giant.
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Cole Waterhouse gets greenlight for Newcastle-Under-Lyme distribution hub
Cole Waterhouse has been granted outline planning permission for a 298,000 sq ft distribution hub in Newcastle-Under-Lyme.