Allsop’s fifth online auction since the March lockdown resulted in the sale of 156 lots, raising £38m with a success rate of 73%.
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Real estate continues to be the sector hardest hit by the Covid-19 crisis, with 62,615 companies in financial distress, new research shows.
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Companies have lodged 183,860 appeals to reduce their business rates bills in the past six months, as the pandemic continues to impact offices, shops and restaurants.
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Data centres rents are set to increase by 3% in the next 12 months, according to the latest RICS quarterly commercial property survey.
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Estate agents are calling for an extension to the stamp duty holiday as thousands more queue to complete before the clock runs down.
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The tentative recovery of UK retail has been all but reversed.
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House prices are set to drop by the end of 2021 before growing again the following year, according to JLL’s UK and London Residential Forecast.
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Europe’s biggest shopping centre landlords face a gruelling 12 months, with crashing rents and values falling by 30%.
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JLL has revised its house price forecasts with a 1.5% decline anticipated in 2021, following the end of the stamp duty holiday, as unemployment and affordability pressures bite.
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Q3 commercial rent collections have reached 77% at the 21-day point, according to research from Cushman & Wakefield.
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Fast food, homeware and jewellery sales are up in the first three full months since the reopening of the retail sector, according to data from Savills.
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Asset managers are seeking to raise almost $300bn to plough into private lending deals with groups such as Goldman Sachs and Oaktree.
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New rules that allow developers and landlords to bypass planning permission could create more than 170,000 homes.
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The banking industry is overseeing plans for an agency to collect overdue government-backed Covid-19 loans
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The rush to take advantage of the stamp duty holiday has led to conveyancers and lenders struggling to keep up.
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Some 68% of UK pension fund investors intend to ramp up investment in renewable energy infrastructure over the next five years, according to a survey from Alpha Real Capital.
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Investment into build-to-rent has surged from the lowest quarterly volume on record to the highest, with £1.43bn transacted in Q3.
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Investment into build-to-rent has surged from the lowest quarterly volume on record to the highest, with £1.43bn transacted in Q3.
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The City of London is attempting to reinvent itself as a start-up hub to encourage more small businesses to “re-enter the city centre”.
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Cold storage accounts for 12% of all warehouse space in the UK, a report from Savills and the Cold Chain Federation has revealed.
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