All articles by Guy Montague-Jones
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NewsThe Collective looks to offset short-stay losses
The co-living operator considers re-allocating rooms to make up for a loss of revenue.
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News
Cushmans helps prepare for office life after the lockdown
The firm’s Recovery Readiness Task Force is developing ideas and products to help clients return to the office.
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Online
Harworth refinances and withdraws dividend
Harworth Group has increased the size of its revolving credit facility by £30m and deferred its dividend payment in the wake of the Covid-19 pandemic.
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Online
Rent collection rates edge up
Rent collection rates have continued to creep up over the past week, according to Remit Consulting’s ongoing survey of leading property management firms.
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Final cost is anyone’s guess
The latest rent and service charge collection data makes for pretty grim reading.
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Online
Commercial property rent collection rates remain weak at 21-day mark
Commercial property rent and service charge collection levels have only increased marginally in recent weeks, according to a survey of more than 18,000 properties.
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Online
Inquiry to probe council investment in commercial property
A parliamentary inquiry has been launched into local authority investment in commercial property.
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Rent collection rates plummet across board during lockdown
Figures reveal it is not only the retail, leisure and hospitality sectors that have suffered as result of pandemic
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Online
Green light for £215m L&G senior living scheme on site of old head office
Legal General’s senior living business Inspired Villages has secured planning permission for a £215m scheme on the site of the insurer’s former head office in Kingswood, Surrey.
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Online
Barwood JV to fund industrial scheme in Bardon
Barwood Capital has teamed up with Merseyside Pension Fund to provide a £17.6m funding package for the Tungsten Park industrial project in Bardon, Leicestershire.
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L&G secures 35,000 sq ft letting at Cambridge Science Park during lockdown
LGIM Real Assets has secured a 35,000 sq ft letting to biotechnology company Amgen at Cambridge Science Park.
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Online
Mall owner decides not to cure default
A shopping centre loan that defaulted for the second time in a year at the end of last month is set to move into special servicing after the owner decided not to cure the default.
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Online
Green light for Astrea office scheme in Berkeley Square
Astrea Asset Management has secured resolution to grant planning consent for the redevelopment of 36-38 Berkeley Square at Westminster’s first virtual planning committee meeting last night.
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Online
Industry lobbies for planning reform to mitigate impact of coronavirus
The London Property Alliance has written to communities secretary Robert Jenrick calling for planning reform to allow the property industry to get back on its feet as quickly as possible once the coronavirus crisis abates.
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Online
Free parking offered to NHS workers
YourParkingSpace.co.uk has joined forces with property businesses including Hammerson and Canary Wharf Group to provide NHS workers with free parking.
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Online
Hibernia REIT pre-lets 24,000 sq ft to 3M
Irish property company Hibernia REIT has pre-let 24,000 sq ft to global conglomerate 3M at 2 Cumberland Place despite the uncertainty created by the Covid-19 outbreak.
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Online
Flexible office software provider looks to shore up finances
Flexible office software provider Essensys is looking to raise £7m to shore up its finances during the Covid-19 outbreak.
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Online
Regional REIT and TCS post robust rent collection figures
Regional property specialists Regional REIT and Town Centre Securities have both reported robust levels of rent collection.
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Online
Arcadia looks to borrow against distribution centre
Sir Philip Green’s Arcadia is reportedly looking to borrow about £50m against the value of its distribution centre in Daventry, Northamptonshire, in a bid to secure its financial position.
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Online
Custodian REIT seeks debt covenant waivers
Custodian REIT is in talks with lenders to agree debt covenant waivers but insists it remains in “good financial health”.
