All articles by David Parsley
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OnlineCountryside grows completions but order book dips
Housebuilding giant Countryside Properties completed 17% more homes in the first three months of its financial year.
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Online
IWG’s recovery delayed by ongoing pandemic restrictions across the globe
Workspace group IWG has told investors its “anticipated recovery” from Covid-19 will be delayed as restrictions and lockdowns continue in many of its markets across the world.
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Online
NewRiver collects 70% of rents in latest quarter
NewRiver REIT has so far collected 70% of current quarter rental payments, slightly up on the same point in previous quarters since the Covid-19 pandemic struck.
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Online
RDI collects 77.6% of UK retail rents since pandemic struck
RDI REIT collected 57.4% of rents across its UK portfolio for the first quarter of 2021, while 93.5% of rents from the German portfolio were received.
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Online
Hammerson collects less than half of first quarter rents
Hammerson collected just 41% of rent from its tenants as the Covid-19 lockdown kept the shutters down on its shopping centres.
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Online
TCS collects 76% of first quarter rents
Town Centre Securities (TCS) has told investors it collected 76% of rents for the current quarter to the end of March.
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Online
British Land appoints Tesco executive as finance chief
British Land has appointed Tesco director Bhavesh Mistry as chief financial officer, completing an overhaul at the top of the company following Simon Carter’s appointment as chief executive last November.
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Online
Eskmuir snaps up £45m industrial portfolio from Legal & General
Eskmuir Properties paid £45m for the Lunar Portfolio, a multi-let UK industrial portfolio from Legal General’s Industrial Property Investment Fund.
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Online
NW1 sells logistics portfolio
NW1 Partners has sold its UK last mile logistics portfolio to the InfraRed Urban Logistics Income Fund for around £51m.
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Online
McKay collects 91% of rents since March 2020
McKay Securities has collected 86% of the first quarter rent, bringing the total for its collection since the end of March 2020 to 91%.
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Online
High rent collection rate allows LXi to increase investor payout
LXi REIT has collected 96% of first quarter rents, allowing it to increase its dividend target.
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Online
Urban Logistics buys in Merseyside and reveal 99% rent collection figure
Urban Logistics has paid £16.3m for a logistics scheme on Merseyside in an off-market deal.
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Online
Hammerson finance chief quits
Hammerson’s chief financial officer James Lenton is to step down from the retail property group.
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Online
SEGRO continues strong rent collection
Industrial property giant SEGRO continued its strong record of rent collection for the full year to 31 December and the first quarter of this year.
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News
Uncertainty scuppers big investment deals
High-profile deals worth more than £250m collapse in bumpy start to 2021
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Online
Persimmon revenue falls in 2020
Persimmon has reported a 9% fall in revenue for 2020 following a reduction in active sales outlets during the Covid-19 pandemic.
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News
Big Yellow produces robust third quarter figures
Storage group Big Yellow has posted a rise in revenue for its third quarter to the end of December despite the continuing impact of Covid-19 on the property industry.
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Online
LondonMetric splashes out £39m on two warehouses
LondonMetric Property has paid £39m to buy urban logistics warehouses in Manchester and Birmingham.
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Online
Derwent rent collection rates improve on previous two quarters
Derwent London has collected 83% of December quarter day rents, representing 91% of the group’s total rental income for the period.
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Online
Landsec collects 65% of rents in latest quarter
Landsec has collected 65% of rents for the first quarter of 2021, up from the amounts collected in the two previous pandemic-hit quarters.
