Westfield newsagent given nine months to pay Covid-19 rent arrears
A news kiosk operator at Westfield Stratford City has been given nine months to pay £55,000 of rent arrears, following the ruling of an independent arbitration panel tasked with reducing or upholding Covid-19-related commercial rent arrears claims.
Sirius refinances €170m of debt with German bank
Sirius Real Estate has completed the early refinancing of €170m (£149m) of lending with Berlin Hyp AG a year in advance of the facility’s due date.
KLM recruits Coulthard-Boardman to retail team
Property consultancy KLM Real Estate has beefed up its national retail agency division with the appointment of surveyor Estée Coulthard-Boardman.
LSH hires Robson as director in Manchester office
Lambert Smith Hampton (LSH) has appointed Adam Robson, who has experience acting for landlords and tenant in the office and industrial sectors, as a director in its Manchester agency team.
August West End rents highest in six years, says Savills
Office leasing in London’s West End in August reached 385,463 sq ft – the highest August level in six years and the highest monthly volume of space excluding December over that period, said real estate adviser Savills.
Apache Capital and partners refinance Liverpool BTR scheme
A joint venture between real estate investment manager Apache Capital, investment manager Harrison Street and insurer NFU Mutual has refinanced The Lexington BTR scheme in Liverpool with a €70m (£61.4m) loan from Deutsche Bank.
Manchester top destination for retail and hospitality, Landsec research finds
Manchester has come top in a poll for real estate giant Landsec showing the UK cities that UK retail and hospitality leaders would most like to invest or locate in.
B&B Hotels seeks property partners and 100 UK sites
European budget hotel operator B&B Hotels is hunting for sites and property partners as it plans to launch in the UK and open 100 hotels here by 2035.
Lendlease office development plans turned down
Developer Lendlease’s plans for a major 18-storey office block development in Elephant and Castle have been rejected on the grounds of “excessive height, mass and bulk”.
Vacant Bloomsbury office building set to feature in Barnard Marcus sale
A vacant former office building in central London with redevelopment potential will be the star lot at Barnard Marcus’s 19 October sale.
Scottish logistics site stars at Acuitus’s September auction
Royal Mail distribution centre sold for over £1m, helping the auction house raise total of £18.9m on the day
Scottish rent freeze bill could trigger wider downturn in construction sector
The Scottish housing sector could face a downturn in construction as the Scottish parliament is set to pass emergency legislation to freeze rents for up to 18 months.
Uncertain economy forces Assura to take ‘cautious approach’
Healthcare property group Assura has told investors it will take a “cautious approach to capital investment” due to the current economic uncertainty.
New lending firm Birchwood hires GC and managing director
Birchwood Real Estate Capital, a new real estate lending business, has hired former Get Living general counsel Emma Parr as managing director and general counsel, Property Week can reveal.
189 homes approved for Hackney estate
Plans for a new infill development on the De Beauvoir Estate in Hackney, which will result in the construction of 189 new homes, have been approved.
CBRE South West appoints Nick Reed
Real estate investment firm CBRE has appointed Nick Reed as a director within the capital markets team in order to expand its offering in the South West.
