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Britain’s hotel owners have been among the worst-hit real estate victims in the Covid-19 crisis. Now, after more than two months of lockdown, many are planning their reopening strategies and hoping business will bounce back quickly
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Knight Frank’s usually-bustling Baker Street headquarters was eerily quiet at the end of March, as Britain entered lockdown and employees started to work from home. Just a handful of staff were still left in the building.
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Demand for industrial and logistics space continues to grow apace as occupiers line up to take large, long-term leases across the country despite, or sometimes because of, the coronavirus pandemic.
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The chief executive of one of the UK’s largest property companies has warned that demand for secondary office stock will plummet as a result of the Covid-19 pandemic.
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COMMENT The world we live in has changed. There are now more of us than ever before, with many having only known a digital age where 24/7 connectivity is a given. Technology permeates into every aspect of our lives.
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UK property fund returns hit their lowest level in 11 years during the quarter to the end of March, according to the MSCI/AREF UK Quarterly Property Fund Index.
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Asset managers raised more than €200bn (£175bn) in 2019 to invest in real estate – up 24% on the amount raised in 2018.
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Social distancing has thrown the whole concept of co-living into question.
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Real estate must prepare for its most painful recession yet, with the International Monetary Fund warning that the global economy is entering the worst downturn since the Great Depression.
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The UK hospitality sector could be facing a “bloodbath” unless urgent action is taken to support struggling businesses through the Covid-19 pandemic, advisers and operators have warned.
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A survey of real estate lenders conducted at the end of January showed that very few foresaw the potential impact of the coronavirus outbreak.
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The full extent of the shortfall in rent received by landlords as a result of the Covid-19 pandemic became clear this week.
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Intu has threatened to serve ’statutory demands’ to some tenants that have refused to pay their quarterly rent.
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Retirement living operators are calling on the government to classify any move into retirement housing as a ‘critical home move’ as sales and lettings in the sector dwindle to nothing following the government’s advice last week to put all but critical moves on hold.
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SoftBank has walked away from buying $3bn (£2.4bn) of WeWork stock.
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The heads of more than 30 flexible workspace businesses have written to chancellor Rishi Sunak warning “hundreds” of operators could go under because of declining membership in light of the Covid-19 outbreak.
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The Covid-19 outbreak will drive over 5m sq ft of industrial and logistics requirements, according to Lambert Smith Hampton’s (LSH’s) latest industrial and logistics report.
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Cognitive buildings are increasingly commonplace thanks to the development of technologies that are delivering greater levels of operational control.
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Two property funds have become the first to “gate” as a result of the wild market swings caused by the coronavirus epidemic.
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When the West Midlands town of Bromsgrove was ranked the 7th best place to start a company in the UK in 2019, eyebrows were raised. Ranking above major cities including Edinburgh, experts quickly warned that “zombie companies” could have artificially inflated the results of Companies House data compiled by The Centre for Entrepreneurs research. But the horse had well and truly bolted. Headlines such as ‘welcome to Bromsgrove, the start-up hub’ were already out there and so a movement began. A movement that sparked a fresh focus on the UK’s most techy towns. Here are five of Britain’s most unexpected tech hubs that prove you don’t need to live and work in a major city to be part of the digital revolution.
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