Property Funds World Newsletter

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NEWSLETTER | 14 May 2020

The coronavirus pandemic continues to dominate real estate sector news, but with countries around the globe beginning to ease lockdown restrictions, there’s a slightly more positive vibe than in recent weeks.

According to Aston Chase, the London residential property market has remained buoyant during the outbreak and will continue to be active in the coming weeks, especially now that the UK government has relaxed restrictions on estate agents, surveyors and removals companies in a bid to kick-start the sector. Aitch Group and Avanton are among the developers who have been quick to react to the easing with both companies reopening marketing suites and showhomes at their developments in and around the capital.

London-based workspace start-up Incube meanwhile, is looking to assist businesses with the transition from home-working back to office-based operations with the launch of Office 2M, a smart modular wall solution designed to facilitate social distancing in the workplace. Incube is currently rolling out the product with customers including Robert Bosch Group and Great Portland Estates, providing each Cube on a monthly subscription with delivery, installation and IoT upgrades included.

Pan-European real estate investment specialist PATRIZIA and short-term property market lender Fiduciam have also both released positive news this week, with PATRIZIA reporting a 2.9 per cent increase in operating income to EUR24.7 million in the first three months of the year, and Fiduciam completing two loans for projects impacted by the coronavirus crisis.

Property Funds World

Thu | 14 May 2020, 12:52

Property developer Aitch Group is to reopen all of the company’s marketing suites and show homes, effective from 14 May 2020. This decision has been made following the publication of the UK Housing Secretary’s Housing Market ReStart and Safe Working Charter updates.

Thu | 14 May 2020, 12:52

Investor developer Avanton has reopened its marketing suite at the flagship Coda apartment development in London’s Battersea, with new anti-Coronavirus safeguarding and social distancing procedures in place.

Thu | 14 May 2020, 12:52

As part of its ‘back to work’ strategy, the UK government is allowing employees to return to their business premises when they cannot work from home employers must ensure that returning employees are kept safe at all times.

Thu | 14 May 2020, 12:52

PATRIZIA AG recorded an operating income of EUR24.7 million in the first three months of 2020, an increase of 2.9 per cent from EUR24.0 million in the same period last year.

Thu | 14 May 2020, 12:52

Short-term and marketplace lender, Fiduciam, continues to lend in Spain during the Covid-19 state of emergency with two loans completed this week, totalling EUR2,445,000.

Thu | 14 May 2020, 12:52

CLS today released its Sustainability Report for 2019 which outlines its progress in improving the sustainability of its portfolio in the UK, Germany and France.