All Property Week articles in 3 April 2020 – Page 9
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Online
IWG’s Dixon takes 50% pay cut to help Covid-19 cost cutting measures
IWG boss Mark Dixon has taken a 50% pay cut along with his chief financial officer at the serviced office group in order to preserve cash during the Covid-19 health crisis.
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Online
Secure Income Reit collects three quarters of rent despite theme park closures
Hospital to theme park group Secure Income Reit collected almost three quarters of quartely rent due, despite the Covid-19 lockdown leading to the temporary closure of assets such as Alton Towers and Thorpe Park.
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Online
LXI to pay dividend even as a third of tenants fail to pay quarterly rent
Industrial property group LXI Reit intends to pay investors a quarterly dividend despite collecting just two-thirds of its latest quarterly rent payments from tenants as the impact of Covid-19 bites.
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Online
Impact Healthcare secures new £50m loan
Impact Healthcare REIT has agreed a new £50m revolving credit facility with HSBC.
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Online
Property Stocks Daily Performance: Friday 3rd April
Hammerson loses 25% of its share price in one day.
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Online
Debenhams set to appoint administrators
Department store chain Debenhams is preparing to appoint administrators in order to protect the business against claims from creditors while it attempts to restructure the business.
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Online
Why wellness and wellbeing must be top of business agenda
This is undoubtedly the most uncertain time that many of us have faced in our careers, or in fact our lives, but alongside this uncertainty, I truly believe, comes plenty of opportunity.
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News
Government and Co-Op looking for cold storage morgue space
The government and Co-Op Funeral Care are looking for cold storage space to cope with deaths in the wake of Covid-19.
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Online
Why hearts and minds matter
The hospitality sector is at war with Covid-19, which is fundamentally changing the way the world works. Though closures might only last a matter of weeks, the impact will be lasting, and in times like these, leaders talk about hearts and minds.
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Online
Pub landlords under pressure to cancel rents
Tenanted pub owners are under pressure to cancel rents instead of deferring them.
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News
NHS to roll out more temporary hospitals
The NHS will convert more convention centres in Glasgow, Bristol and Harrogate, following the announcement of temporary hospitals in Manchester and Birmingham earlier this week.
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Online
Capital & Centric and Kamani Property provide Swan Street for homeless donations
Kamani Property and Capital Centric have partnered with Greater Manchester’s Mayor’s Charity and Street Support to provide their joint venture site in the Northern Quarter, Swan Street, as a drop off location for essentials for Manchester’s homeless.
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Online
Government publishes new regulations that allow planning committees to be held remotely
The Government has issued regulations to enable local authorities to hold meetings remotely.
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News
Government announces overhaul of building safety regulations
Housing secretary Robert Jenrick has announced new measures to reform the building safety system.
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News
GPE collects two thirds of rent and remains on track to deliver annual results
Great Portland Estates (GPE) has collected around two thirds of quarterly rent, and of the remaining third, more than 60% is from retail, hospitality and leisure tenants.
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News
Non-bank lenders scramble to renegotiate loan terms
Alternative lenders are being flexible on terms to help landlords that are struggling due to coronavirus
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Insight
The supermarkets’ finest hour
The new decade started with worrying tensions between Iran and the US, which forced crude oil prices to spike to more than $70 a barrel.
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News
Directors snap up propco shares during first three weeks of March
Property company directors bought around £3.4m of shares in their companies during the first three weeks in March, taking advantage of sharp share price falls.
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News
Edinburgh and Glasgow see sharpest decline in shoppers
Retail footfall in some UK cities fell far more steeply than in others in the weeks running up to the nationwide lockdown, data from footfall tracker Purple shows.
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Markets
Why the car park market is thriving
Investors target sites offering long-term income and redevelopment potential.