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NCP car parks giant warns its landlords: It s rent cuts or bust

Owners intend to plough in £120million over two years if the plan is approved Car parks giant NCP has warned it is likely to go bust if it does not receive the support of landlords for a crucial financial restructuring. The company, which operates more than 500 sites and has 1,000 staff, yesterday formally launched a restructuring plan as it attempts to slash its rent bill. The proposals will be put before a court hearing on May 28. NCP s owners - listed Japanese operator Park24 and the Development Bank of Japan - intend to plough in £120million over two years if the plan is approved.

United kingdomBritish property federationDevelopment bankMo neyஒன்றுபட்டது கிஂக்டம்பிரிட்டிஷ் ப்ராபர்டீ கூட்டமைப்புவளர்ச்சி வங்கி

NCP car parks giant warns its landlords: It s rent cuts or bust

NCP car parks giant warns its landlords: It s rent cuts or bust
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United kingdomBritish property federationDevelopment bankஒன்றுபட்டது கிஂக்டம்பிரிட்டிஷ் ப்ராபர்டீ கூட்டமைப்புவளர்ச்சி வங்கி

The UK has blood on the carpet with € 6 billion in rent arrears

The UK government is under pressure to resolve the € 6 billion rental delay crisis and avoid legal disputes between commercial tenants and landlords.

Saudi arabiaUnited kingdomCity ofPeter thorntonKate nichollsMark allanDavid abramsonBritish landLandowners groupBritish property federation onNational courtRestaurant groupHousing secretary robert jenrickSoil valuesBritish property federationPiano works

British Land and Landsec offer moratorium proposal

British Land and Landsec offer moratorium proposal Digital Edition: British Land and Landsec offer moratorium proposal Retail landlords British Land and Landsec have put forward their own solution to the rental moratorium. You have read 1 of 1 free-access articles allowed for 30 - days. For further access please register or Unrestricted access to high-quality, independent coverage of the fashion retail industry Keep up to date with the latest breaking news, and find out what it means for you Read in-depth interviews with innovative business leaders Download bespoke research and data Discover our must-have seasonal menswear, womenswear and footwear buying guides Get full access to all of Drapers’ editorial newsletters

United kingdomSimon carterMark allanBritish landBritish property federationBon accordஒன்றுபட்டது கிஂக்டம்சிமோன் கார்ட்டர்குறி ஆலன்பிரிட்டிஷ் நிலபிரிட்டிஷ் ப்ராபர்டீ கூட்டமைப்புபான் இசைவு

Could a new stock market shake-up property investment for good?

Could a new stock market shake-up property investment for good? Simon English When the International Property Stock Exchange launches in May, that might well become possible. IPSX is the brain child of David Delaney, 56, a former banker who was at Barclays for six years and Credit Suisse for 20 years as a fixed-income specialist. He plans to list individual buildings in which investors can buy shares, starting with The Mailbox in Birmingham, an office building that includes the BBC among its 46 tenants. The owners will raise £25 million from the float, valuing the building at £180 million. You have to invest at least £1000, which you can do through most recognised stockbrokers, including The Share Centre, WH Ireland and Peel Hunt.

City of londonCity ofUnited kingdomMike sladeDavid sleathPanmure gordonDavid delaneyReal estate investmentBritish landCredit suisseShare centreInternational property stock exchangeBritish property federationCommercial real estatePeel huntJarvis investment management