Property News
TR Property to draw on reserves to pay dividends
TR Property Investment Trust said earnings would fall this year but that it would be able to draw on reserves to pay its dividend during the Covid-19 crisis.
Hammerson CEO David Atkins to leave after a decade
Hammerson is looking for a new chief executive after David Atkins stepped down after a decade in charge at the commercial property company.
British Land portfolio value falls 10% as retail drops
The value of British Land's property fell 10% in the last financial year pushing the real estate company to a net loss of more than £1bn as the value of its retail sites fell sharply.
Countrywide earning rise in first four months of 2020
Countrywide said earnings at continuing operations for the first four months of 2020 were well ahead of the year before as the estate agent group reported an increase in underlying profit for 2019.
LXi REIT declares Q1 dividend after NAV return rises
LXi REIT said it expected to declare a first quarter dividend as the commercial property investor reported an increased annual return and said it was in talks to recover unpaid rent.
House prices fall in April as sales are scrapped
House prices fell in April as buyers and sellers pulled out of transactions during the Covid-19 market shutdown, an industry survey showed.
Grainger ups dividend as rental income rises
Grainger increased its interim dividend as the residential landlord reported a 27% increase in rental income for the first half.
Prime London property prices fall faster amid crisis
Price declines for London's upmarket properties accelerated for the first time in more than a year as the Covid-19 crisis snuffed out tentative signs of revival, a survey showed.