Property News
Buyer fails to seal Hammerson's £400m retail park sale
Hammerson's £400m sale of seven shopping centres is in doubt after the buyer failed to complete in the latest retail deal to be disrupted during the Covid-19 crisis.
Taylor Wimpey to restart construction in May
Taylor Wimpey said it would start a phased return to construction in May as the housebuilder reported rising orders for new homes.
Foxtons to raise £22m after lockdown hits business
Foxtons set out plans to raise £22m as the estate agent chain reported a near halving of commissions since the government's Covid-19 lockdown started.
Barratt cuts bosses' pay as it furloughs 85% of workers
Barratt Developments announced a 20% pay cut for its board and senior managers as the housebuilder said it was furloughing about 85% of its employees during the Covid-19 crisis.
Mortgage holidays surge to 1.2m as crisis strains budgets
Payments have been suspended on more than 1. 2m UK mortgages for borrowers whose finances are under strain in the Covid-19 crisis, industry figures showed.
RICS calls for stamp duty holiday as housing market collapses
RICS called for a stamp duty holiday to restart the UK housing market as its monthly survey showed confidence and activity plunging as a result of the Covid-19 crisis.
MJ Gleeson furloughs workers and cuts top pay
MJ Gleeson has furloughed three-quarters of its employees and cut pay for directors and senior managers after closing its building sites in response to the Covid-19 crisis.
Land Securities scraps dividend, sets up £80m rent relief fund
Land Securities has cancelled its dividend to conserve cash and set up an £80m rent relief fund for customers struggling during the coronavirus crisis.
Watkin Jones scraps dividend as virus disrupts operations
Watkin Jones has scrapped its interim dividend and withdrawn financial guidance after the Covid-19 virus disrupted the student accommodation specialist.