Finance news on propcos
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.
Countryside grows completions but order book dips
Housebuilding giant Countryside Properties completed 17% more homes in the first three months of its financial year.
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.
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.
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.
