U and I Group, the developer and investor, has shaken up its senior management team after reporting losses of £50.2m in the six months to September 2020. The group has announced chief executive Matthew Weiner has stepped down from the role with immediate effect. Chief development officer Richard Upton has replaced him in the top […]
Impact Healthcare REIT has said it expects all residents of its care homes will be vaccinated by the end of January. The group said, as of 15 January 2021, residents at 60% of its homes had received the first dose, with residents at a further 15% schedules to have it this week. The remaining 25% […]
Town Centre Securities, which owns retail, office and car park assets in the UK, has collected 83% of rent since March last year. This includes a 76% collection rate for the first quarter of 2021. In all, it has received £20.4m of the £24.6m it has billed since March last year (83%). This rises to […]
Hammerson has received just 32% of rent due for the first quarter of 2021, highlighting the significant struggles of the retail sector during lockdown. The group said it had so far collected £19.8m of the £61.5m billed for the first quarter. A further £12.9m has been deferred or is not yet due due to monthly […]
LXI REIT has increased its quarterly dividend guidance on the back of strong rent collection figures for the first quarter of 2021. It has received 96% of rent, which increases to 98% on receipt of rent deferrals agreed with tenants. As a result of the robust rent collection figures, it has increased its dividend target to […]
McKay Securities has collected 86% of rent for the current quarter, it has revealed. The group, which owns offices and industrial and logistics assets in London and the South East, said the first quarter collection figure increases to 91% when monthly payments are factored in. It also revealed that for the financial year to the […]
A host of rent collection figures for the first quarter of 2021 have been announced by property companies and, once again, it is the logistics-focused companies leading the way. It is not that surprising given the well-documented rise in online retailing and the positive impact on demand for logistics space, but it does underline the strength of […]
Urban Logistics REIT has acquired a logistics site in the Wirral for £16.3m and announced rent collection for the first quarter of 2021 was 99%. The group has bought the 169,963 sq ft property in Bromborough at a net initial yield of 5.0% as it continues to deploy the proceeds of its recent fund raise. […]
Industrial and logistics giant SEGRO has revealed it has collected 98% of all rent billed for 2020, reflecting the strength of the sector. Broken down into UK and European portfolios, SEGRO has collected 97% of the £245m billed on its UK assets and 98% of the £172m billed in Europe. The group said it had […]
Central London office landlords Great Portland Estates and Helical have reported rent collection figures for the first quarter of 2021. Great Portland Estates The company has received 69% of rent due, which it said increases to 77% when the £2.1m of rent deposits it anticipates to utilise are included. As expected, its main issue has […]
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