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COMMENT: The office sector is facing an “evolve or die” moment as it, like other sectors, faces unseen levels of disruption owing to the coronavirus pandemic.
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Investors are looking to put the breaks on pumping cash into proptech deals over the next 12 months, while start-ups are bracing themselves for a harder fundraising climate, new research shows.
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In recent months, the impact of Covid-19 has been acutely felt by the retail sector, an asset class that was already facing significant challenges before the global pandemic.
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Around 6,500 homes have been identified as at risk of closure in the next five years, equivalent to 140,000 beds, according to new research by Knight Frank.
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COMMENT Depending on your point of view, the present is either a challenging time for commercial real estate, or an exciting one. The entire sector has been upended, as the world questions if offices are even necessary anymore. On the other hand, this turbulence presents an opportunity for the sector to reinvent itself and delivers opportunities for growth that simply can’t be matched by working-from-home.
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The number of completed build to rent homes has grown 37% in the last year to some 47,754 homes.
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Housing secretary Robert Jenrick has awarded £900m to major sustainable housing and infrastructure projects.
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The number of build-to-rent homes that are complete, under construction or in planning has jumped 22% in the last year, according to new research from the British Property Federation (BPF).
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Investors in commercial property funds should have to wait six months to get their hands on cash.
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The ‘mini-boom’ in house sales prompted by the chancellors stamp duty cut might not be all it is cracked up to be.
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The UK’s senior living sector is expected to grow by 10% by 2025 with 800,000 units, according to Knight Frank.
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Two ex-Amazon heads of Europe are to lead Scannell International, a new European industrial real estate development company created by American industrial developer Scannell Properties.
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The Financial Conduct Authority has launched a fresh consultation on open-ended property funds that could see investors forced to give up to six months’ notice to cash in units.
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Landowners are cashing in on the Great Staycation by hastily throwing up holiday accommodation.
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London risks losing its aura as a “fun” place to work, according to a senior economist.
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Shopping centre footfall is down 40% year on year – twice as much as retail park footfall, reveals exclusive data from property management firm Workman.
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Global markets retreated yesterday after the US and German officially entered recession.
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Lloyds has predicted that house prices could fall by 10%, coupled with 20% falls in commercial values.
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The Covid-19 crisis has pushed up vacancy rates across Britain’s retail sector, with Greater London being the worst-affected region.
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Commercial rents are expected to dive this year as the fallout from the pandemic takes its toll.
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