Covid-19

All the latest related news as the evolving coronavirus pandemic impacts the property industry.

Covid-19 News

Pressure builds on RICS boss to waive bonus
2021-05-14T00:00:00+01:00By Sebastian McCarthy
Pressure is mounting on the boss of the Royal Institution of Chartered Surveyors (RICS) to waive a six-figure bonus he has been awarded despite the body’s recent job cuts and furlough claims.
Shopper numbers increase as restrictions ease
2021-05-14T00:00:00+01:00By Jessica Newman
Data for 12 April to 9 May shows footfall was up 523% on the same month in 2020.
King’s Cross prepares to reopen indoor F&B
2021-05-14T11:14:00+01:00By Emma Shone
King’s Cross is gearing up for a full reopening of its indoor food and beverage offering with 1,300 covers available from Monday.
Over half of leisure facilities could close, industry body warns
2021-05-14T10:46:00+01:00By Mitchell Labiak
Over half of England’s gyms, pools and leisure centres are at risk of closing over the next six months, an industry body has warned.
Snapchat weighs up office options for London expansion
2021-05-13T00:00:00+01:00By Anviksha Patel
Social media giant eyeing up HB Reavis’s Bloom and Derwent London’s 80 Charlotte Street but could stay put.
‘Retailers and landlords must agree deal now on rent arrears’
2021-05-13T00:00:00+01:00By David Parsley
Urgent talks needed between retail tenants and landlords before 30 June, says Blick Rothenberg’s Mark Hart.
The Argyll Club launches hybrid-working product
2021-05-13T11:50:00+01:00By Sebastian McCarthy
Premium flexible workspace provider The Argyll Club has launched Hub & Flex, its new hybrid-working product.
Landlords lose legal challenge against Virgin Active
2021-05-12T11:20:00+01:00By Jessica Newman
Landlords have been dealt a second major blow this week after Virgin Active won High Court approval for its controversial restructuring plan.
Covid hits PHP acquisitions programme in first quarter
2021-05-12T07:30:00+01:00By David Parsley
Primary Health Properties (PHP) has told investors the first quarter of the year was “characterised by a lack of suitable product” which led to only one acquisition.
LaSalle to offload Halifax’s Woolshops shopping centre
2021-05-11T09:56:00+01:00By Jessica Newman
LaSalle Investment Management is selling Woolshops Shopping Centre in Halifax with a price tag of £15.55m, reflecting a net initial yield of 11.0%
MPs press for business rates reform
2021-05-10T13:50:00+01:00By Anviksha Patel
MPs and city representatives have urged the government to introduce fiscal incentives to support the recovery of the high street, including reforming business rates and VAT incentives.
Landlords and tenants lock horns over hospitality rents
2021-05-06T00:00:00+01:00By Mitchell Labiak, Jessica Newman
Parties at loggerheads over what should happen to rent payments and £2.5bn in arrears post evictions ban
Derwent quarterly rent collection rises as London emerges from lockdown
2021-05-06T07:25:00+01:00By Ifeoluwa Taiwo
Derwent said it has collected 93% of rent for the March 2021 quarter day, up from 87% on April 13.
High Court rejects bid to bring forward hospitality reopening
2021-05-04T14:56:00+01:00By Jessica Newman
Hospitality bosses have lost a legal challenge for a faster reopening of indoor dining in England.
British Land and Landsec offer up moratorium proposal
2021-04-29T07:47:00+01:00By Sebastian McCarthy
Two of Britain’s biggest landlords have joined forces to put forward their own solution to the current moratorium on enforcement action and accrued arrears.