Real estate news

British Land Company plc (LON: BLND) posted a wider pretax loss for the fiscal first half on Wednesday. The company attributed its loss to the devaluation of its portfolio and a hit to revenue in recent months. Despite the dovish report, British Land Co. resumed dividend payments on Wednesday.

In an announcement on Wednesday, Workspace Group plc (LON: WKP) said it concluded the fiscal first half in loss and deferred its decision to pay a full-year dividend. The office space provider has taken a massive hit this year as the Coronavirus pandemic pushed its customers into downsizing or…

Artificial Intelligence-based innovations will significantly increase globally by 2030, and the real estate industry will be part of that growth. Contrary to what people believe, Artificial Intelligence will not threaten job opportunities and responsibilities in the real estate sector. Instead, it stands to empower real-estate companies to better the…

Private equity giant Blackstone Group Inc. (NYSE: BX) announced Tuesday an ambitious green project of lowering carbon emissions on all newly acquired assets, The Wall Street Journal reported. The green plan Blackstone pledged to lower carbon emissions of any asset or company it acquires by 15% within the…

COVID-19 softened most real estate markets in Canada and not just sales volumes alone. According to data by the Canadian Real Estate Association  (CREA), Sales to New Listings Ratio (SNLR) declined in major markets. From February to May, all but three significant markets experienced inventory rise…

Homebuyers are looking for larger homes than small ones amidst the pandemic. According to a new report from Redfin, typical homes that sold in a month ending August 16 were 3.7% larger (1,772 square feet) than those that got dealt a year earlier. This is compared…

The Maharashtra government last week reduced stamp duty on the real estate sector to boost demand. The government stated that the 3% stamp duty cut in the realty sector would take effect from 1 September to 31 December 2020, while a 2% cut in stamp duty will be effective from…

WeWork said on Thursday that it has successfully reduced its rate of cash burn by almost 50% as compared to the start of the year. It also announced to have secured an additional £840 million financing from SoftBank Group Corp (TYO:9984) that currently has a majority stake in WeWork.

The Macerich Company (NYSE: MAC) published its quarterly financial results on Tuesday that highlighted the company to have concluded its fiscal second quarter in loss that came in lower than what the experts had forecast. Its revenue and funds from operations (FFO), however, fell shy of the analysts’ estimates.

Rightmove plc (LON: RMV) said on Friday that its pre-tax profit in the first half (H1) of the current fiscal year came in 43% lower. It attributed the decline to the Coronavirus pandemic that pushed the UK housing market into a temporary shut down in recent months. Rightmove announced…

Workspace Group (LON: WKP) expressed confidence on Thursday that customer enquiries recovered quickly in June as the British government started to ease Coronavirus restrictions. The office space provider, however, still forecasts occupancy levels to remain under pressure in the short term. In the first quarter that ended on 30th…

Global investment firm giant Blackstone Group Inc (NYSE: BX) thinks that owning facilities where TV and films are produced is a worthwhile investment, even at a time when production is halted due to the COVID-19 pandemic, The Wall Street Journal reported. Betting hundreds of millions of dollars Blackstone’s…

As the Coronavirus pandemic continues to wreak havoc on the UK’s housing market, Rightmove Plc (LON: RMV) announced to have extended discounts aimed at supporting agents cope up with the novel financial challenges posed by the health crisis. Consequently, the UK’s largest property website said on Tuesday that its…

Intu Properties (LON: INTU) said on Tuesday that it might be pushed into closing a few of the most popular shopping centres in the United Kingdom as the Coronavirus pandemic continues to weigh on its performance. The real estate investment trust has approached its creditors for a debt standstill…

In an announcement on Monday, Capital & Countries Properties (LON: CAPC) said that it has finalised an agreement to purchase Samuel Tak Lee’s stake in Shaftesbury (LON: SHB) for £436 million. The Hong Kong tycoon had a 26.3% stake in Capco’s rival located in central London. Capital &…

Land & Buildings Investment Management is among the most notable activist investor firms in the real estate space. The fund, mostly known for establishing long positions and pushing for change, is now taking a different approach by shorting multiple New York City office owners, The Wall Street Journal reported.

In an announcement on Monday, Intu Properties (LON: INTU) said that it might not be able to meet its debt commitments next month. The company cited falling rental payments and expressed plans of negotiating with creditors over standstill agreements to cushion the economic blow from COVID-19. Earlier in May,…

Shares of Barratt Developments (LON:BDEV) fell 5% yesterday as the investors’ concerns about a second wave hit and global recession are growing.  Fundamental analysis: FTSE Index selloff, Barratt struggles The UK investors are growing increasingly concerned that a fast recovery will not happen as many countries around the world…

In an announcement on Thursday, Persimmon (LON: PSN) said that it has resumed around 65% of construction work after a COVID-19 driven temporary halt on operations. On 15th May, the company added, it will also reopen sales offices with strict social distancing measures in place. In Scotland, however,…

Latvian State real estate has now been permitted to expand the range of tenants supported under a recent government program meant to cushion tenants against the hard-economic times following the ongoing lockdown measures. Thanks to an amendment to the requirements to qualifications for beneficiaries of the program, Latvian…

Just when you would think that firms are holding tightly onto capital owing to the impact of the pandemic, Dutch real estate firm Orange Capital has snapped up 173 new apartments in the Netherlands. According to sources, the units whose exact cost remains a closely guarded secret were acquired…

The outbreak of the deadly Coronavirus has dealt a major blow to the global economy. Some of the most effective measures put in place to curb the virus spread include social distancing, which is awful news to mall owners with real estate investment trusts (REITs) in their portfolios. Businesses are…