All Property Week articles in 3 April 2020 – Page 7
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Tritax says REIT is in “robust position” to mitigate impact of Covid-19
Tritax Big Box REIT has withdrawn guidance on future divided payment after declaring “a conservative” quarterly payout to shareholders, but insists it is well placed to ride out the Covid-19 storm.
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Impact reveals 2019 growth in care home business
Care home landlord Impact Healthcare REIT has posted a robust set of annual results for 2019 and remains confident it will ride out the Covid-19 health crisis.
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Covid-19 hits Unite’s student digs values
Unite Students has lost value on both its fund portfolios as the Covid-19 outbreak begins to have an impact on property landlords.
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Derwent figures robust despite health crisis
Derwent London collected 73% of quarterly rent despite the impact of Covid-19, which has ravaged the income of many of property landlords.
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Around £118m withdrawn from property funds in March
Property funds that are still open for trading saw a huge increase in outflows from February to March this year.
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Stock Market Summary: 7th April
In a fairly positive day for property stocks, Hammerson saw its share price jump 35%.
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What does the Covid-19 legislation mean for permitted development?
As part of the UK government’s response to Covid-19, Boris Johnson announced the closure of all pubs, restaurants, cafes and leisure facilities, with the closure of retail units following shortly afterwards.
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Property Week’s Spring events rescheduled
Since our last update about the difficult decisions that we are facing with our events, and the ongoing and unprecedented circumstances that we are all experiencing together, we have taken the decision to reschedule our spring events.
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Lunson Mitchenall becomes latest agency to unveil furlough plan
Lunson Mitchenall has furloughed a proportion of its UK staff in response to the “unprecedented circumstances” caused by the coronavirus outbreak.
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Propertyshe perspectives: Zoom, a podcast with Thomas Heatherwick CBE and a campaign to save our start-ups
With an incredible 50% of the world now in lockdown, we are getting into the routine of working from home.
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Office and industrial landlords feel effects of Covid-19 outbreak
The latest slew of company updates on rent collection reveal that it isn’t just the retail, leisure and hospitality sectors that have been hit.
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Godwin Developments commits to £80m mixed-use scheme in Stafford
Godwin Developments has signed an agreement to transform the former Stafford Rugby Club ground into a mixed-use scheme including a new hotel, build-to-rent homes and retail and leisure space.
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Occupiers seeking renegotiated deals as coronavirus disruption bites
Occupiers are rethinking their space needs as they continue to test their employees’ ability to work from home, which could result in some deals being renegotiated, a new report from Savills has said.
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Pub giants urged to give tenants more support during lockdown
Pub companies have been urged to do more to support tenants during the coronavirus crisis, after it emerged that five of six major firms had not yet waived any rent.
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Avison Young boost management portfolio with string of new mandates
Avison Young has boosted its real estate management portfolio with several new mandates to bring its portfolio to 120m sq ft nationally.
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Sovereign Centros appoints new asset manager
Property operating company Sovereign Centros has appointed a new asset manager to work across a variety of its retail and leisure projects.
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Cineworld scraps dividend and outlines its coronavirus battle plan
Cineworld has cut its dividend and executive pay and is talking to lenders over its liquidity requirements as it copes with the Covid-19 lockdown.
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Melburg bags Bristol planning permission in record time
Melburg Capital has received planning permission for its 110,000 sq ft office redevelopment in Bristol city centre just five weeks after submitting its application.
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Moorgarth Group launches £100m fund for community retail and leisure
Moorgarth Group is to launch a new £100m real estate fund to invest in community-based retail and leisure projects across the UK.
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Kellogg’s completes St Helen’s shed deal
Bericote Properties and Hillwood have completed a deal to let their spec-built industrial scheme 525 Haydock to Kellogg’s.