Property News – Page 6
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NewsBritish Land agrees £3m in rent waivers
British Land has agreed £3m worth of rental waivers for the June quarter, on top of £2m for the March quarter, primarily for smaller, independent F&B operators.
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NewsUK Hospitality CEO Kate Nicholls: Rent code the start not the end
Following the publication of the government’s voluntary rent code of practice last week – considered as little more than a token gesture by many – UK Hospitality CEO Kate Nicholls has reassured operators that the code is just the starting point for further rent support.
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NewsUKH calls on Government for fiscal rent support
UK Hospitality has called on Government to provide fiscal support to the hospitality sector in order to overcome the ongoing rent stalemate.
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NewsUKH urges PM to help tackle £1.4bn industry rent bill
UK Hospitality has urged the Government to help the industry tackle a £1.4bn rent bill and aid the survival of thousands of businesses.
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NewsDowney proposes revised 12-month rent free plan to chancellor
Jonathan Downey has written a second letter to the chancellor Rishi Sunak with a new national time out rent proposal.
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NewsGovernment to publish code of conduct on rent
The Government is working with businesses and trade bodies to produce a code of conduct on commercial rent payments.
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NewsDeliveroo releases restaurant recovery guidance
Deliveroo has brought together legal, property and restaurant industry specialists in a new initiative to support restaurants in the recovery period.
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NewsTed Schama: A war cry for reinforcements
Hooray, hospitality will be reopening in July. The nation can rejoice.
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NewsUKH: ‘Rent issue to be tackled imminently’
Government support on rent is expected to be discussed and finalised in the next couple of weeks, and a debt enforcement moratorium to be introduced imminently, MCA’s The Conversation has heard.
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NewsHall & Woodhouse extends rent cancellation period
Pub company Hall & Woodhouse has extended its rent and service charge cancellation period for its business partner estate.
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NewsShelley Sandzer: A bright future in the ‘burbs?
The Covid-19 lockdown has forced a massive change in working practices for everyone. Whether we like it or not, we have had to make working from home produce results. We have all had to make it work. And with many predicting social distancing measures lasting for 12 months, we are looking at a new way of life for millions of workers across the country.
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NewsRent payments biggest industry challenge with ‘no one route forward’
Rent payments are the biggest immediate challenge facing the industry, but operators are split in their view of the most viable solution, CGA’s latest Business Confidence Survey has suggested.
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NewsUKH: Rent resolution cannot be left to the market
Government will have to intervene “to bring both sides together” if a long-term equitable agreement is to be reached between landlords and businesses on rent, Kate Nicholls, UK Hospitality CEO has said.
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NewsDowney’s nine-month rent time out proposal to be submitted to Government
Jonathan Downey, founder of Hospitality Union, is to submit a formal proposal to the Treasury next week for a nine-month rent-free period for hospitality, leisure and retail businesses forced to close because of the coronavirus pandemic.
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NewsShelley Sandzer: Recalibrate to rejuvenate
Even before Covid-19 affected us all, rent and rates liabilities were dangerously high for F&B operators and there had already been some casualties. The Living Wage and Minimum Wage were adding further pressure too, so when coronavirus hit like a metaphorical stop button, the impact of these issues accelerated exponentially, creating a perfect storm of pain felt by everyone in the industry.
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NewsDCL: ‘Lots of activity’ in property post-lockdown
Property deals are expected to ramp up again in the immediate aftermath of the lockdown being lifted, Trevor Watson of David Coffer Lyons has said.
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NewsFCA warns insurers ‘settle claims or explain’
The Financial Conduct Authority has warned insurance company bosses to speed up and settle coronavirus-related claims or explain themselves to the regulator.
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NewsThe Conversation: with Street Feast CEO Jonathan Downey
In the latest edition of MCA’s new virtual event, The Conversation, former corporate lawyer and current Street Feast CEO Jonathan Downey discuss the impact of coronavirus on our sector, what’s been achieved, and what we are looking for next.
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NewsCommercial landlords call for flexibility from lenders
London’s biggest property owners have called for more flexibility from banks and lenders as tenants fail to pay their rent during the pandemic, The Times reports.
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NewsEi and Punch extend rent deferral
Ei Group and Punch Pubs are the latest pub companies to extend the deferral of rent and other payments as the coronavirus pandemic continues.