All Property Week articles in 31 July 2020 – Page 5
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OnlineLegal & General Investment Management launches secure income asset solutions
Legal General Investment Management (LGIM) has launched a range of secure income asset solutions for investors seeking long term income.
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OnlineAmazon Go signs up for 10 to high streets sites
Amazon has signed deals to open more than 10 Amazon Go convenience stores across the UK.
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OnlineCasual Dining Group bought out of administration
Casual Dining Group has been bought by private equity firm Epiris in a deal hoping to revive the sector which has been devastated by the pandemic.
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OnlineItsu launches CVA
Grab-and-go food chain Itsu has launched a CVA to secure rent cuts at 53 of its 77 sites.
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OnlineApple asks for 50% rent reductions
Apple has asked for 50% rent reductions across some of its UK stores, according to The Sunday Times.
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OnlineHammerson plans £500-600m rights issue
Hammerson is planning to tap investors for £500-600m in a rights issue.
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NewsBond Wolfe sells 95% of July catalogue
Bond Wolfe Auctions sold 95% of its 170-lot residential and commercial catalogue at its July auction, raising a total of £16.3m.
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NewsBarnard Marcus raises £33m at July 2-day auction
Barnard Marcus has raised more than £33m in its 310-lot July online auction, reflecting a 75% success rate.
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OnlinePropertyshe Perspectives: Retail news and turnover rents, from Fifth Wall to The Fifth Space via the Reimagining Real Estate Virtual Summit, and the climate change emergency
Some of the biggest news this week has been around the retail sector. Unsurprisingly given the current circumstances, the restructuring and job losses continue with iconic department store business Selfridges, announcing that it is shedding 450 jobs, amounting to 14% of its workforce. UK retail institution John Lewis released radical ...
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NewsSouthwark Charities unveils mixed-use senior living plans
Southwark Charities has revealed plans to convert a 1.75-acre site on Blackfriars Road in south London into a mixed-use scheme for affordable housing for over-65s.
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OnlineSavills raises more than £32m at July auction
Savills raised more than £32.1m after selling 82% of a 101-lot catalogue – the auction house’s most successful July auction since 2017.
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OnlinePets at Home unveil plans for national storage and distribution
Pets at Home has signed for a 670,000 sq ft national storage and distribution centre in Staffordshire.
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NewsPeabody Capital reports £97m turnover increase
London housing association Peabody Capital has reported a £97m increase in turnover in its 2020 annual report.
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NewsLloyds and Barclays banks reviewing UK office space
Lloyds banking group and Barclays are reviewing their office space requirements in the UK as the banks move to a home working first approach.
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OnlineABP to install 2,000 one-person offices at Royal Albert Dock
Chinese developer ABP is set to install up to 2,000 individual “cube” offices at its Royal Albert Dock scheme in London to shield workers from Covid-19, after a series of letting deals at the scheme were put on ice due to the pandemic.
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NewsPropcos expected to resume dividend payments this year
Analysts predict property companies will start paying dividends again in second half as confidence returns
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InsightView from the top: Matthew Howell, RICS UK managing director
RICS UK managing director talks to Anviksha Patel about the challenges facing the institution as it grapples with the impact of the coronavirus pandemic – and the major changes it has made in response
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NewsCouncils count the cost
Don’t try to catch a falling knife, the saying goes. Unfortunately, local authorities (LAs) have not heeded the advice, not when it comes to investment in commercial property, anyway.
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ProfessionalProperty managers should check their liability
Those property managers and other colleagues that are working hard to register their clients’ buildings for the Building Safety Fund will soon find that the full application process is a whole different ball game.
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InsightSmith & Williamson think tank: the changing role of strategic land
Property Week, in association with Smith & Williamson, brought together a panel of experts to discuss the role of strategic land in the wider development industry. They talked about the impact of lockdown and the changes they expect to see post-Covid-19, the importance of physical environment to wellbeing and mental ...
