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March 16, 2021

One Year On, This Is What Covid Has Done To UK Real Estate

[Digital Summit] Join UK Vantage Data Centers COO Justin Jenkins at United Kingdom Data Centre 23 March

On March 16, 2020, Boris Johnson, the prime minister, appeared on television to tell the nation that all nonessential social contact had to cease as a result of the accelerating coronavirus infection rate. A week later, a full national lockdown was instituted, and if there had been any doubt before, the UK realised it had an unprecedented problem to deal with.

One Year On, This Is What Covid Has Done To UK Real Estate

A year of work-from-home orders, lockdowns and social distancing has hit the UK commercial real estate sector hard — but what does the data say about the impact of the first 365 days of the pandemic? Investment volumes dropped, but not by nearly as much as after Lehman's…

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The Innovators: Legal & General’s Retail Leasing Strategy

The Innovators: Legal & General’s Retail Leasing Strategy  

In this series, Bisnow highlights people and companies pushing the commercial real estate industry forward in myriad ways. Click here to read Q&As with all the innovators Bisnow has interviewed so far.

UK retail property is a dark and stormy place right now, and it’s not just because of the coronavirus pandemic — a lot of it is to do with the way retail property is leased. So one big institutional investor decided to fundamentally change the way it leases its retail schemes. 

For decades, the way British leases were structured, with long tenures and rent reviews every five years where the rent could only go up, worked just fine for property owners and retailers: Both sides had certainty and security.  But as consumer habits changed, retailers became locked in to leases on high rents…

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ADIA And British Land Ditch Offices And Add Homes At Huge Retail Revamp

ADIA And British Land Ditch Offices And Add Homes At Huge Retail Revamp  

The Abu Dhabi Investment Authority and British Land have unveiled a new strategy for the redevelopment of two shopping centres to the west of London — they now intend to build more homes and fewer offices. British Land is the development manager for…

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New Landsec Disposal Would Take Sales Past £1B Since CEO’s Arrival

New Landsec Disposal Would Take Sales Past £1B Since CEO’s Arrival  

Landsec is selling one of its largest single central London office buildings in a deal that would put the company over £1B in London asset sales in the year since its new chief executive took over. London’s largest property owner has appointed CBRE

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