All Property Week articles in 6 March 2020
View all stories from this issue.
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OnlineBerkeley Group shelves £455m investor payout amid coronavirus fears
Housebuilder Berkeley Group has postponed a £455m investor payout announced at the end of January due to the uncertainty around the impact of the coronavirus.
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OnlineBrookfield in talks to buy Canary Wharf office building from M&G
Brookfield is in talks to buy Canary Wharf office building 20 Churchill Place from M G.
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OnlineMajor agencies trial office closures to prepare for coronavirus lockdown
A string of major agencies will shut down their offices today (13 March) to stress test remote working systems ahead of a potential coronavirus lockdown.
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ProfessionalHow will residential diversification shake up the world of valuations?
Accused of being over-optimistic in their valuations of retail assets, the UK’s biggest property advisers are awaiting the results of a RICS review into conflicts of interest.
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ProfessionalWhat is the scope of section 73 applications to vary conditions?
Can you use a section 73 application to vary a planning consent when the changes to conditions you are seeking also entail a change to the description of development on the previous permission?
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OnlineGovernment to pump additional £11.5m into Valuation Office Agency
The government will invest an additional £11.5m in the Valuation Office Agency (VOA) over the next two years.
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OnlineGovernment announces new permitted development rights to drive housing delivery
The government has revealed plans for a new permitted development right (PDR) which would allow for vacant buildings to be demolished and replaced with new homes.
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OnlineThe Vurger Co signs up for first site outside of London
Vegan fast food restaurant Vurger is set to open at Redevco’s Hanningtons Estate in Brighton, which will be its first site outside of London.
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OnlineCoronavirus could mean closures for Cineworld
Cinema chain Cineworld has warned revenue lost to coronavirus could leave it unable to pay off debt or even having to close cinemas permanently.
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OnlineNatural History Museum to receive £180m in spring budget
The Natural History Museum will receive £180m from the government over the next six years to create a new science and digitisation centre at the Harwell Science and Innovation Campus.
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OnlineCommercial properties’ energy efficiency improved 25% over past nine years
The energy intensity of commercial properties in the UK, a measure of efficiency, has improved by 25% over the past nine years, according to a study released by the Better Buildings Partnership.
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OnlineSavills reports solid growth in annual profit
Savills has reported solid growth in annual revenue and profit thanks to an uptick in activity towards the end of 2019.
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Online‘Material uncertainty’ over intu’s ability to continue as going concern
Intu has conceded in full year results that “material uncertainty” hangs over its ability to continue as a going concern.
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OnlineSecure Income REIT posts double-digit accounting return
Secure Income REIT has reported strong growth in NAV per share, boosted by continued high demand for long-lease property.
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OnlineFundRock opens real estate alternatives fund management company in France
Alternative investment fund manager FundRock is expanding into the alternative real estate sector in France.
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OnlineBank of England cuts interest rates to counter coronavirus impact
The Bank of England announced today that interest rates will fall at the steepest rate since the financial crisis as it sought to combat the economic impact from the coronavirus outbreak.
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OnlineJoint venture plans 500 BTR homes for Greenwich Peninsula
A new build-to-rent joint venture plans to build 500 new homes in Greenwich Peninsula and is slated to begin later this year if it wins planning approval.
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OnlineManchester Arena set to become Europe’s largest indoor arena
Manchester Arena has revealed redevelopment plans which could see it become Europe’s largest indoor arena.
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NewsCountrywide sale of LSH collapses
Countrywide’s sale of LSH to John Bengt Moeller has collapsed and it is considering legal action against him.
