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
£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"
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