All Property Week articles in 3 April 2020 – Page 2
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Online
Stock Market Summary: 15th April
All property stocks tracked by PW were in negative territory today.
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News
Capital & Centric gets funding for Manchester Hotel
Capital Centric has received £24m in funding from The Greater Manchester Pension Fund for a £35.5m hotel project in Manchester.
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News
UK property funds charge £10m in fees despite being suspended
UK property fund managers charged investors £10m in the last four weeks despite the funds being gated since mid-March.
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Online
Government in talks to extend Help to Buy scheme
The government is in discussions with housebuilders about whether to extend the existing Help to Buy scheme to kickstart housebuilding on the other side of the Covd-19 pandemic.
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Online
WeWork boss tells staff to prepare for job cuts
WeWork chief executive Sandeep Mathrani is planning a new round of lay-offs.
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News
London hotel transactions fall 8.8% in Q1
London’s hotel transactions declined by 8.8% compared with the same period last year.
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News
Q1 2020 is weakest quarter in seven years, according to C&W
A total of £11.4bn worth of assets were exchanged in Q1 2020, making it the weakest quarter in seven years, according to a new tracker from Cushman Wakefield.
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Online
MRI Software strikes deal to buy social housing proptech firm
Commercial real estate software firm MRI Software has agreed to buy social housing proptech firm Castleton Technology.
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News
Tritax Symmetry submits application for new Swizzels facility
Developer Tritax Symmetry has submitted a planning application in a joint venture with Swizzels Matlow for a new manufacturing facility in Cheshire.
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News
Audley Group appoints new planning director
Retirement village provider Audley Group has expanded its planning team with the appointment of Emma Trinder as planning director.
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News
UK hotel market will rebound post-Covid-19, research says
The UK hotel market will bounce back from the economic challenges caused by Covid-19, according to new research from Knight Frank.
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News
Wembley Park Market launches online delivery service
Wembley Park Market has launched an online delivery service to support independent traders and merchants.
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News
Homes England expands development pipeline through acquisition of £180m in sites
Homes England has announced it has acquired 19 stalled development sites in the last financial year worth £180m.
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News
O2 arena opened as NHS training facility
The O2 arena has opened up its doors to the NHS to use as a training facility for free.
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Online
AshbyCapital and U&I secure new letting at The Future Works
AshbyCapital and U I have signed up ByBox to take 14,517 sq ft at The Future Works in Slough, Berkshire.
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Online
Green light for Astrea office scheme in Berkeley Square
Astrea Asset Management has secured resolution to grant planning consent for the redevelopment of 36-38 Berkeley Square at Westminster’s first virtual planning committee meeting last night.
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Online
U+I suspends dividend as bosses take 50% during virus outbreak
Developer U+I has become the latest property group to suspend its dividend in order to preserve cash during the Covid-19 pandemic.
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Online
Picton insists it is “well-positioned” to rise above health crisis
Picton Property Income collected 71% of quarter rent as the Covid-19 pandemic continues to impact the property sector.
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Online
OnTheMarket cuts management pay by 20% and agrees payment deferrals with HMRC
The board of OnTheMarket, the agent-owned property portal, is taking a 20% pay cut for three months as part of a series of measure to battle the impact of Covid-19 on the business.
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Online
Stock Market Summary: 14th April
Two thirds of property stocks went into the red today, as the FTSE 250 dropped by 2%.