All articles by David Parsley
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OnlineTritax says REIT is in “robust position” to mitigate impact of Covid-19
Tritax Big Box REIT has withdrawn guidance on future divided payment after declaring “a conservative” quarterly payout to shareholders, but insists it is well placed to ride out the Covid-19 storm.
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Online
Impact reveals 2019 growth in care home business
Care home landlord Impact Healthcare REIT has posted a robust set of annual results for 2019 and remains confident it will ride out the Covid-19 health crisis.
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Covid-19 hits Unite’s student digs values
Unite Students has lost value on both its fund portfolios as the Covid-19 outbreak begins to have an impact on property landlords.
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Derwent figures robust despite health crisis
Derwent London collected 73% of quarterly rent despite the impact of Covid-19, which has ravaged the income of many of property landlords.
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Online
GCP deal for student digs scheme in East London shelved
GCP Student Living’s deal to forward purchase Scape Mile End Canalside in East London has been terminated as the impact of the Covid-19 health crisis bites.
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Workspace delays dividend decision as it collects just 50% of rent
Flexible office group Workspace has delayed a decision on whether to reward a dividend to shareholders in order to allow time to assess the impact of the Covid-19 health crisis.
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Grainger “well-placed” to ride out Covid-19 crisis
Grainger, the UK’s largest listed provider of private rental housing, has said it is well-placed to ride the Covid-19 storm, but that leasing activity is due to slow during the health crisis.
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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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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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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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Impact Healthcare secures new £50m loan
Impact Healthcare REIT has agreed a new £50m revolving credit facility with HSBC.
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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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Savills postpones AGM and withdraws dividend to preserve cash during health crisis
Savills has postponed its annual general meeting following the government’s public health instructions to stay at home measures during the Covid-19 pandemic.
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PHP expects Covid-19 to show “important role” its assets play in healthcare system
Primary Health Properties has collected 79% of first quarter rent to 31 March, mainly due to payments coming from UK and Irish governments.
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Galliard transforms Essex warehouse into essential supplies unit to support ‘NHS heroes’
Galliard Homes has donated a warehouse complex in Essex to the local authority in order to store essential supplies.
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CapReg cuts back on capex as it collects only half of quarterly rents
Capital Regional has collected 50% of second quarter rent from tenants as the Covid-19 health crisis impacts on the UK economy.
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NewRiver reliance on grocery and ‘essential stores’ pays off during lockdown
NewRiver has said over a third of its retail assets remain open during the health crisis, as supermarket pharmacies and other essential services stay open during the lockdown.
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Knotel makes drastic staff cuts
WeWork rival Knotel has made 30% of its workforce redundant and furloughed another 20%, becoming the latest venture capital-backed real estate firm to bow to the impact of Covid-19.
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FirethornTrust makes three hires
FirethornTrust has made three new recruits as it bolsters its in-house development capabilities.
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CBRE efforts to help NHS during health crisis secures 145,000 beds near hospitals for staff
CBRE’s efforts to help the NHS during the Covid-19 is already yielding results, just a week after it launched the campaign.
