Intu gets tough with tenants that refuse to pay rent
Intu has threatened to serve ’statutory demands’ to some tenants that have refused to pay their quarterly rent.
Mall loan defaults for second time in a year
Default was triggered following revaluation of trio of UK shopping centres
Next plans sale and leaseback of HQ and warehouses
Fashion retailer Next has appointed agents to dispose of its Leicester HQ to mitigate the hit to its business by Covid-19.
CapReg cuts back on capex as it collects only half of quarterly rents
Capital & Regional has collected 50% of second quarter rent from tenants as the Covid-19 health crisis impacts on the UK economy.
NewRiver reliance on grocery and ‘essential stores’ pays off during lockdown
NewRiver has said over a third of its retail assets remain open during the health crisis, as supermarket pharmacies and other essential services stay open during the lockdown.
Poundland to temporarily close 100 stores
Poundland is closing 100 stores this week in response to the spread of Covid-19.
Cushman & Wakefield makes redundancies
Cushman & Wakefield is making redundancies as part of a “long term strategic review.”
Hammerson collects 37% of second quarter rent and suspends final dividend to mitigate Covid-19 impact
Hammerson collected just 37% of the latest quarterly rent bill in the UK, but is vowing to help tenants through the Covid-19 crisis.
Dunelm warehouse sold for £2.2m
A warehouse let to Dunelm in Halifax, Yorkshire, has been sold to property investor Parkside Props for £2.2m.
BrightHouse collapses into administration
The UK’s biggest rent-to-own operator, BrightHouse, has collapsed into administration.
