All Property Week articles in 3 April 2020 – Page 3
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Online
Hines announces two senior appointments
Hines has announced two asset manager appointments in its UK team as it seeks to accelerate the growth of its student accommodation and industrial and logistics portfolios.
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Oasis and Warehouse on the brink of collapse
The parent group of fashion retailers Oasis and Warehouse is preparing to slide into administration, putting more than 2,000 jobs at risk.
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Allsop furloughs a third of UK staff
Allsop has furloughed around 30% of its UK workforce as a result of the ongoing coronavirus pandemic.
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GPA agrees pre-let at 2 Ruskin Square in Croydon
The Government Property Agency (GPA) has a agreed a 330,000 sq ft pre-let at Schroder Real Estate and Stanhope’s 2 Ruskin Square.
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IPSX announces two senior appointments
IPSX UK has appointed a new head of market regulation and a new chief financial officer.
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City office investment hits £1.56bn in Q1
Total investment in offices in the City of London hit £1.56bn in the first quarter of the year, according to Colliers.
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NHS selects new manufacturing building for North East Nightingale hospital
The NHS has selected a building in the International Advanced Manufacturing Park (IAMP) near Sunderland for a temporary NHS Nightingale Hospital for the North East.
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Chancerygate and Bridges Fund Management agree final 34,500 sq ft letting for Nottingham business park
A joint venture between Chancerygate and Bridges Fund Management has agreed a 34,500 sq ft letting to a housing association at Beeston Business Park in Nottingham.
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Government extends deadline for cladding consultation
The government has extended the deadline for responses to its consultation on banning combustible materials in and on the external walls of buildings by six weeks as a result of the ongoing coronavirus pandemic.
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Join the first free wellbeing webinar at 1pm
Join the first of Property Week’s free online wellbeing workshops today at 1pm
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Circle Property reports 4.7% rise in NAV
Office investment and development company Circle Property has reported that its net asset value (NAV) jumped 4.7% to £2.90 per share in the last year.
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Retail warehouse vacancy rates hit 7.6%
Retail warehousing vacancy rates in the UK continued to rise last year, reaching 7.6% at the end of 2019 according to the latest research by Trevor Wood Associates.
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Knight Frank joins UK agencies furloughing staff
Knight Frank has become the latest UK property agency to furlough a number of its staff and reduce its payments to partners as the coronavirus crisis continues to hit businesses.
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Gyms and leisure centres facing legal action over rent payments
Gyms and leisure centres say they face being evicted from their premises as landlords use a legal loophole to penalise them for rent non-payment – leaving 2,800 gyms at risk of permanent closure and 100,000 jobs at stake.
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Shaftesbury bosses take 20% pay cut and give savings to local charities to boost Covid-19 support
The board of West End of London landlord Shaftesbury has agreed waivers of 20% of both executive director base salaries and pension contributions and non-executive director fees in order to preserve cash during the Covid-19 outbreak.
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Inland Homes agrees deal to develop 600-plus homes in Basildon
Inland Homes has entered into a development agreement with Homes England to develop more than 600 homes in Basildon, Essex.
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Fletcher King delays decision on dividend despite being in “good position” during health crisis
Property agency Fletcher King has insisted it is “in a good position” to withstand the current Covid-19 outbreak despite admitting the health crisis will have a “severe and prolonged” impact on the economy.
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BNP Paribas UK pledges to £500,000 to NHS Charity
BNP Paribas’ UK arm pledged £500,000 today to support NHS Imperial Health Charity’s Covid-19 Relief Fund.
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Harrogate Convention Centre converted into 500-bed Covid-19 hospital
Architecture firm BDP is helping convert Harrogate Convention Centre and other large events spaces such as London’s ExCel Centre into temporary hospitals to allow the NHS to battle the Coronavirus.
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Stock Market Summary: 9th April
Custodian REIT and Supermarket Income REIT both saw a drop in share price after announcements.