Guy is Property Week's deputy editor with specialisms in news and finance. He covers: general news; banks and lending; property companies; fund management; mergers and acquisitions; and forecasts.
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Jefferies analyst Mike Prew has upgraded a raft of real estate stocks to ‘buy’ and predicted a wave of M&A activity in the listed property sector.
Safestore has reported a dip in occupancy of just 0.8% since the first quarter ended on 31 January.
LondonMetric has so far collected 85% of the rent due for the coming quarter and it expects to receive another 7% shortly.
Some funds have suspended but others have taken a different approach in reaction to the coronavirus crisis
Insurers have called for intervention from the regulator to enable them to be flexible with struggling real estate borrowers.
UK and EU regulators have urged banks to take a flexible approach to problem loans in a move that will be welcomed by landlords just days before their interest payments are due.
Pollen Street Capital’s Honeycomb Holdings has told Urban Exposure that it doesn’t want to proceed with its purchase of the AIM-listed lender’s loan book on the terms agreed.
UK-listed lenders seek to reassure investors as Covid-19 prompts fall in share prices and rise in margin calls.
Colony Capital chairman and chief executive Tom Barrack has warned that the market for commercial real estate loans in the US is “on the brink of collapse”.
Tenants of commercial properties that cannot pay their rent because of the spread of coronavirus will not be evicted under new rules announced yesterday evening.
Ratings agency DBRS has warned of the potential fallout from coronavirus on UK hotel CMBS deals.