All Property Week articles in 7 May 2020 – Page 2
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Sirius Real Estate collects 98% rent
Sirius Real Estate has confirmed it will pay its interim dividend as it reported collecting 98% rent and service charge collection in April.
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79% of retail landlords say pandemic will permanently change leases
79% of retail property owners believe the pandemic will bring permanent changes to how retail property is leased, according to a survey.
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High Street Group becomes sole developer on £120m Newcastle project
High Street Group has become the sole developer the £120m Strawberry Place scheme in Newcastle.
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Online tool aims to help landlords keep track of rent arrears
Payment technology company flatfair has launched Resolve with the aim of helping landlords navigate changes to rent payment due to Covid-19.
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New Memorandum of Understanding signed by major industry bodies across globe
Major real estate associations INREV, ANREV and NCREIF have signed a Global Alliance furthering collaboration between the European, Asia Pacific and US property market.
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Secure Income REIT acquires £250k stock
Secure Income REIT has acquired £250,000 in stock, further increasing the company’s holdings.
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Self-storage enquiries plummet by up to 50%
UK self-storage operators have reported a 30% to 50% drop in enquiries for space.
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MMC Podcast series ep 5: Laing O’Rourke says procurement must prioritise innovation
Procurement for public and private construction projects must do more to encourage R&D investment and help steer the uptake of offsite manufacturing if Britain is to recover quickly from the Covid-19 crisis.
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Harworth sells £1.25m of land portfolio
Leading land and property regenerator Harworth Group has sold over £1.25m of primarily restored land.
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Government lifts rules on housing market
Estate agents can be reopened and moving home is allowed again, as part of the government’s plans to restart the housing market.
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Veritas takes two floors at 1 Smart’s Place
Veritas Asset Management has taken 8,000 sq ft of office space at 1 Smart’s Place in London WC2.
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Intu completes sale of Spanish shopping centre
Troubled shopping centre group intu has completed the sale of the Puerto Venecia shopping centre in Spain for €475.3m (£406m).
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Beauchamp boss joins Bank of England economy panel
Upmarket estate agency Beauchamp Estates has joined the Bank of England’s advisory panel of companies and senior directors, with the agency providing company data and property sector statistics to assist the bank with post-Brexit economic outlook policy.
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Stock market summary: 12 May
Landsec’s share price drops 13% as it releases a set of gloomy forecasts in its final year results.
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Oxford City Council approves £21m fund for housing estate redevelopment
A 287-home scheme led by Oxford City Council and Catalyst housing association at Blackbird Leys housing estate has been granted funding approval.
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Furlough scheme extended until October
The government’s furlough scheme has been extended until the end of October, Chancellor Rishi Sunak announced today.
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Colony Capital portfolio defaults on £2.59bn of hotel debt
Real estate investor Colony Capital has said its portfolio companies have defaulted on $3.2bn (£2.59bn), backed by hotel and healthcare properties.
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Greenland secures four new tenants at Wandsworth site
Developer Greenland has signed four new tenants to occupy Ram Quarter, a former brewery-turned mixed-use space in Wandsworth, south-west London.
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Marriott International hotels begin re-opening
Marriot International is beginning to re-open its hotels globally as demand increases after a nose-dive in room bookings in April, according to Marriott boss Arne Sorenson.