Hotels & Leisure

Moorgarth raises fund to buy £100m of restructuring assets

Vehicle will target retail and leisure sectors

Fitch makes series of CMBS downgrades

Westfield, intu and Landsec debt all see outlook turn negative

London landlords call on chancellor to review rates relief

Fears banks will look to take control

£510m MAG sale contract torn up post exchange

Legal technicality allows buyer to withdraw from agreement
  • The fund manager was able to exercise a Material Adverse Conditions clause
  • The parties are still in conversation in order to try and agree a new deal

Q+A: Landsec chief Greenslade on rent shortfalls, banks and M&A

Interim boss steering the ship
  • REIT trying to engage with occupiers on rent collection
  • Landsec looking to utilise government bond financing scheme
  • M&A in sector "clearly possible"

Landsec receives only 65% rent across portfolio

Company latest to slash dividend

Savills predicts 32% drop in Dublin hotel development pipeline

Occupancy rates in Dublin have fallen 90% due to coronavirus

Qatari investor buys Ritz from billionaire Barclay brothers

Qatar-based private investor has bought the iconic hotel

Bristol hotel sells for just over £24m

UK property company has snapped up a hotel at Bristol airport