With the UK real estate industry in uproar over incredibly low rent collections, the coronavirus crisis is raising important questions about the distribution of risk within new lease contracts, say experts from Taylor Wessing.
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Just 18.2% of commercial rents in the UK were collected by landlords on this quarter's rent date of 24 June, according to figures published by Re-Leased, the cloud-based commercial property management platform.
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Dutch real estate trade fair Provada plans to turn its annual show, which has been moved to November from June due to Covid-19 concerns, into a hybrid event combining physical meetings and virtual sessions, the organisers said on Thursday.
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International investor AEW has acquired a prime mixed-use asset in the centre of Cologne through a forward-funding agreement with a development partner.
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Italian property services firm Prelios has been instructed to sell two holiday resorts and a development land plot in southern Italy for an undisclosed amount.
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Read on to discover who bought and sold the most European real estate by value in 2019.
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The UK government has issued an entirely voluntary code of practice to encourage landlords and tenants to hold fair and transparent discussions over rent payments due during the coronavirus crisis.
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UK REIT NewRiver has seen its portfolio shed over 12% of its value in the full year ending March 31 this year, driven by a 70 bps yield expansion and the impact Covid-19.
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Legal & General’s urban retirement business Guild Living has announced its fourth retirement village in less than a year and its first in the UK capital.
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UK investment manager Chenavari is reportedly looking for a buyer for its entire real estate portfolio in Spain valued at around €700 mln.
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While the exact magnitude of Covid-19 and its effect on the real estate investment market remains uncertain, some European cities are already emerging as more resilient than others, according to Savills’ latest research report.
