All articles by David Parsley
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NewsInvestors and landlords weigh up options after intu collapse
Speculation mounts over future of shopping centre assets as investment market struggles through Covid
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Online
Landsec to reinstate dividend payout in November
Landsec will resume paying out dividends to investors after revealing it managed to collect 60% of the rent due for the third quarter.
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News
Retail rent collection falls from Q2 to Q3 at British Land
British Land collect 36% of retail third quarter retail rents, the group revealed in an update to the market.
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Online
Hammerson agrees debt deal as it collect just 16% of third quarter rent
Hammerson collected just 16% of third quarter rent last month, but has now clawed in almost 75% of payments from tenants for the first six months of the year.
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News
WeBuyAnyCar agree lease extension at LXI’s Corby site
LXI REIT has agreed a deal with WeBuyAnyCar.com owner to restructure a letting on one of its largest assets.
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News
Germany’s Covid-19 recovery benefits Sirius
German business park investor Sirius Real Estate collected 99.8% of June rent and completed more lettings as Covid-19 lockdown restrictions eased.
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Online
Redrow says Covid has had profound impact on results
Housebuilder Redrow has revealed the Covid-19 health crisis “had a profound impact” on the group’s annual figures and will result in profit for 2020 coming in “substantially below” 2019’s numbers.
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Online
Grainger issues £350m bond as it continues to realign debt profile
Grainger, the UK’s largest listed residential landlord, has issued a £350m bond as part of its strategy to extend it debt profile.
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Online
Shiva Hotels secures £230m loan for Marylebone hotel
Shiva Hotels Group has secured a £230m development financing package from Cale Street Investments to fund its 199 room luxury hotel in Marylebone, London.
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Online
Intu set to collapse into administration
Shopping centre giant intu is set to call in administrators following a collapse in talks with creditors to rescue the company.
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Online
Landlords face tough talks with Go Outdoors owner after pre-pack
Landlords to Go Outdoors face tough talks on rental terms following a pre-pack administration designed to slash costs at the leisure retailer.
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Online
Half-year NAV flat at Schroder European REIT
Net Asset Value (NAV) Schroder European REIT remained flat during the six months to the end of March, while earnings suffered a sharp fall.
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Online
NAV steady at Picton, but annual earnings fall
Net asset value (NAV) at Picton Property stood still during the year to the end of March, but earnings fell.
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Online
Intu confirms Friday deadline on rescue talks
Intu has confirmed is has until Friday to save the UK’s largest shopping centre operator from a collapse into administration, as revealed by Property Week yesterday.
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Online
Knight Frank appointed on Candy’s Holland Park scheme
Christian Candy has instructed Knight Frank to market his new scheme at 80 Holland Park.
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Online
Government gives Birmingham post-lockdown boost
The Ministry for Housing, Communities and Local Government (MHCLG) has taken a 48,787 sq ft office letting in Birmingham, in what is understood to be the biggest office deal agreed in the city and West Midlands since the UK lockdown started.
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Online
U+I submits plans for £770m mixed-use Greenwich scheme
U+I has submitted for planning at Morden Wharf, its £770m scheme on Greenwich Peninsula.
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Insight
SEGRO completes Austrian exit
SEGRO has completed its exit from Austria with the sale of City Park in Vienna to Nuveen Real Estate for €65m (£59m).
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Online
Warehouse REIT increases fundraising to £200m
Warehouse REIT has increased the size of its recently announced fundraising to around £200m following strong demand from investors.
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Online
Berkeley takes 35% profit hit as Covid-19 bites
Upmarket housebuilder Berkeley Group has confirmed plans to postpone a £455m payout to investors by two years due to the uncertainty created by the Covid-19 health crisis.
