All Property Week articles in 3 April 2020
View all stories from this issue.
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OnlineBNP Paribas UK gives £500,000 to support vulnerable during pandemic
BNP Paribas UK is giving an additional £500,000 to help those affected by the coronavirus pandemic after it donated the same amount to London’s Imperial Health Charity last week.
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OnlineFlexible offices in a fight for their survival, says UBS research
Demand for new offices will drop significantly this year and serviced office providers are fighting for survival due to the coronavirus pandemic, research from UBS-AM Real Estate Private Markets has found.
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NewsGreen light for £600m Vauxhall Cross development plans
A £600m planning application for two mixed-use towers in Vauxhall, South-West London has been approved but is subject to conditions.
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OnlineCustodian REIT pays full dividend for last quarter of fiscal year
Custodian REIT is paying its fourth quarter dividend for the previous financial year to shareholders at the end of May.
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OnlineAshbyCapital forges flex office venture with Clarendon at The Future Works
A joint venture between co-working provider Clarendon and investment adviser AshbyCapital will provide 17,000 sq ft of flex space at Slough’s The Future Works.
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OnlineChinese mobile microphone maker bases R&D facility in Edinburgh
A firm that makes microphones for smartphones and mobile devices is taking space in Edinburgh’s Exchange Tower for a new R D centre.
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OnlineGreen light for £215m L&G senior living scheme on site of old head office
Legal General’s senior living business Inspired Villages has secured planning permission for a £215m scheme on the site of the insurer’s former head office in Kingswood, Surrey.
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Online
Barwood JV to fund industrial scheme in Bardon
Barwood Capital has teamed up with Merseyside Pension Fund to provide a £17.6m funding package for the Tungsten Park industrial project in Bardon, Leicestershire.
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NewsL&G secures 35,000 sq ft letting at Cambridge Science Park during lockdown
LGIM Real Assets has secured a 35,000 sq ft letting to biotechnology company Amgen at Cambridge Science Park.
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OnlineBurger King, KFC and Pret to open certain branches for delivery
Three takeaway chains have begun reopening certain branches that had been closed due to the coronavirus lockdown.
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OnlineInvestors commit to £215m Edinburgh BTR project
Apache Capital Partners and Harrison Street doubled down on their commitment to fund a £215m build-to-rent scheme in Edinburgh this morning, shrugging off disruption from the current Covid-19 global pandemic.
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NewsHundreds of high-rise buildings in England with ACM cladding yet to be remediated
Hundreds of high-rise residential and public sector buildings in England have not yet completed work to remove ACM cladding systems, according to new data out today.
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OnlineBritish Land board waives 20% of base salaries
British Land has said this morning that its board of directors will waive 20% of their base salaries or fees for an initial three-month period.
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NewsHousebuilders furlough staff amid construction site closures
Housebuilders across the UK are furloughing employees following the temporary closure of sales centres, offices and construction sites due to the Covid-19 pandemic.
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OnlineRegistration open for second free wellbeing webinar
Registration for the second free Property Week wellbeing workshop, in association with Moda Living and its wellbeing partner hero, is open.
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OnlineBarratt bosses take 20% pay cut
Barratt Developments’ directors are all taking a 20% pay cut as the firm continues to furlough 85% of its staff.
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OnlineTarget Healthcare REIT receives quarterly rent ‘in line with typical collection pattern’
Target Healthcare REIT received quarterly rent payments ‘in line with its typical collection pattern’, with a limited number of tenants staging payments in advance through the upcoming quarter due to the Covid-19 pandemic.
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OnlineBig Yellow posts 4.1% revenue increase in Q1
Big Yellow posted a 4.1% increase in revenue for the first quarter this year, up from 3.8% for the same period in 2019.
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OnlineMall owner decides not to cure default
A shopping centre loan that defaulted for the second time in a year at the end of last month is set to move into special servicing after the owner decided not to cure the default.
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OnlineOasis and Warehouse fall into administration
British fashion retailers Oasis and Warehouse have fallen into administration, adding to a growing list of retailers to collapse as a result of the coronavirus pandemic.
