Property Week News Feed

Property Week News Feed
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Updated: 59 min 50 sec ago

Grainger increases dividend as it collects 94% rent in April

Thu, 05/14/2020 - 08:53
Residential landlord Grainger has increased its interim dividend per share by 6%, as it reported a 27% increase in net income for the six months ending 31 March.
Categories: Property

Sirius Real Estate collects 98% rent

Thu, 05/14/2020 - 08:50
Sirius Real Estate has confirmed it will pay its interim dividend as it reported collecting 98% rent and service charge collection in April.
Categories: Property

Stock market summary: 13 May

Thu, 05/14/2020 - 08:43
Share price drop of 13% for NewRiver
Categories: Property

BT to offload 3,700 exchange leases

Thu, 05/14/2020 - 01:00
BT plans to offload the leaseholds on more than two thirds of its 5,600 telephone exchanges as part of a major cost-cutting drive, Property Week can reveal.
Categories: Property

BT to offload 3,700 leases

Thu, 05/14/2020 - 01:00
BT plans to offload the leaseholds on more than two thirds of its 5,600 telephone exchanges as part of a major cost-cutting drive, Property Week can reveal.
Categories: Property

M&S leases Logicor’s MK360 warehouse

Thu, 05/14/2020 - 01:00
Milton Keynes shed deal comes as the number of supermarket requirements soars.
Categories: Property

Landsec reports £837m pre-tax loss as retail values drop

Thu, 05/14/2020 - 01:00
New boss Allan says a six-month strategic review will see it ‘facing up to certain realities’ in light of Covid-19.
Categories: Property

79% of retail landlords say pandemic will permanently change leases

Wed, 05/13/2020 - 19:10
79% of retail property owners believe the pandemic will bring permanent changes to how retail property is leased, according to a survey.
Categories: Property

Two thirds of homeworkers say lockdown is harming mental health

Wed, 05/13/2020 - 19:06
Two thirds of homeworkers say the lockdown is harming their mental health, according to a survey by London-based firm Assael Architecture.
Categories: Property

High Street Group becomes sole developer on £120m Newcastle project

Wed, 05/13/2020 - 19:03
High Street Group has become the sole developer the £120m Strawberry Place scheme in Newcastle.
Categories: Property

Online tool aims to help landlords keep track of rent arrears

Wed, 05/13/2020 - 17:57
Payment technology company flatfair has launched Resolve with the aim of helping landlords navigate changes to rent payment due to Covid-19.
Categories: Property

New Memorandum of Understanding signed by major industry bodies across globe

Wed, 05/13/2020 - 16:55
Major real estate associations INREV, ANREV and NCREIF have signed a Global Alliance furthering collaboration between the European, Asia Pacific and US property market.
Categories: Property

Secure Income REIT acquires £250k stock

Wed, 05/13/2020 - 14:28
Secure Income REIT has acquired £250,000 in stock, further increasing the company’s holdings.
Categories: Property

Self-storage enquiries plummet by up to 50%

Wed, 05/13/2020 - 14:26
UK self-storage operators have reported a 30% to 50% drop in enquiries for space.
Categories: Property

Harworth sells £1.25m of land portfolio

Wed, 05/13/2020 - 11:06
Leading land and property regenerator Harworth Group has sold over £1.25m of primarily restored land.
Categories: Property

Government lifts rules on housing market

Wed, 05/13/2020 - 11:03
Estate agents can be reopened and moving home is allowed again, as part of the government’s plans to restart the housing market.
Categories: Property

Veritas takes two floors at 1 Smart’s Place

Wed, 05/13/2020 - 09:48
Veritas Asset Management has taken 8,000 sq ft of office space at 1 Smart’s Place in London WC2.
Categories: Property

Intu completes sale of Spanish shopping centre

Wed, 05/13/2020 - 08:14
Troubled shopping centre group intu has completed the sale of the Puerto Venecia shopping centre in Spain for €475.3m (£406m).
Categories: Property

Beauchamp boss joins Bank of England economy panel

Wed, 05/13/2020 - 08:04
Upmarket estate agency Beauchamp Estates has joined the Bank of England’s advisory panel of companies and senior directors, with the agency providing company data and property sector statistics to assist the bank with post-Brexit economic outlook policy.
Categories: Property

Stock market summary: 12 May

Tue, 05/12/2020 - 18:07
Landsec’s share price drops 13% as it releases a set of gloomy forecasts in its final year results.
Categories: Property

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