All Property Week articles in 3 April 2020 – Page 5
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Regional REIT and TCS post robust rent collection figures
Regional property specialists Regional REIT and Town Centre Securities have both reported robust levels of rent collection.
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Arcadia looks to borrow against distribution centre
Sir Philip Green’s Arcadia is reportedly looking to borrow about £50m against the value of its distribution centre in Daventry, Northamptonshire, in a bid to secure its financial position.
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Custodian REIT seeks debt covenant waivers
Custodian REIT is in talks with lenders to agree debt covenant waivers but insists it remains in “good financial health”.
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Capital values fall 3% in March, says CBRE
Capital values fell by 3% across all UK commercial property in March, according to the latest CBRE Monthly Index.
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Almost half of South East requirements “paused indefinitely”
The ramping up of lockdown measures hampered take-up in the latter stages of Q1 and is expected to lead to a thin quarter of letting deals in Q2, according to new research by Lambert Smith Hampton (LSH).
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Warehouse REIT collects 75% of rent and ‘remains committed’ to final dividend
Warehouse REIT collected 74% of quarterly rent, and remains committed to meeting its final quarter dividend target of 6.2p per share.
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Supermarket Income REIT announces £75m fundraise to buy £300m in assets
Supermarket Income REIT has announced a £75m share issue to facilitate the purchase of £300m in assets.
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Blackstone’s sixth European real estate fund closes on €9.8bn
Blackstone has announced the final close of its sixth European real estate fund, (BREP Europe VI) which has raised €9.8bn (£7.9bn) in commitments.
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MP warns “perfect storm” in private rented sector could increase homelessness
The chair of an influential committee of MPs has warned of a “perfect storm” for tenants in the private rented sector who face possible eviction if emergency protection measures end in the summer.
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Which lenders are still open for new business?
The outbreak of Covid-19 has seen the real estate investment market slow faster than anyone could have imagined only a couple of months ago, and availability of debt is one of the key factors behind the slowdown.
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Covid-19 pandemic poses the ultimate arbitrage
We are living through the most devastating period in modern history. The damage caused to our economy and society by the 2008 financial crash pales into insignificance by comparison.
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Survey offers detailed picture of Covid-19’s impact on rent collection
Less than half the rent due on rent quarter day was paid on the day, according to a survey of rent collection levels across more than 18,350 properties.
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Property Week, Moda Living and hero launch a series of free wellbeing workshops
The Covid-19 lockdown has created a raft of new challenges for everybody. Whether it’s dealing with stress and anxiety, the non-stop flow of news or juggling working with looking after children, we are living through unprecedented times.
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What property bosses are reading in lockdown
With Britain in lockdown for the foreseeable future, some leading real estate figures have made the most of working from home by having another look at their book shelves.
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WeWork sues Softbank for 'putting own interests first' after pulling out of $3bn deal
WeWork is suing its biggest investor after it withdrew from part of a multi-billion dollar rescue package.
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Stock Market Summary: 8th April
In another positive day for property stocks, intu’s share price jumped 20%.
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Chancerygate sells final unit in 101,000 sq ft development
Industrial developer Chancerygate has completed the disposal of the final unit at its Eaton Point scheme in Chorley, Lancashire.
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NHS staff offered 800 free rooms
A new scheme operated under the umbrella of the UK Short Term Accommodation Association will provide 800 free rooms to NHS staff needing accommodation near hospitals during the Covid-19 outbreak.
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Johnny Ronan appoints Deloitte to advise on €300m refinancing
Irish property developer Johnny Ronan has appointed Deloitte to search for a lender to refinance a €300m (£263m) commercial portfolio.
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LandAid launches £1m emergency fund for the homeless
LandAid has launched an emergency fund to support young homeless people.