Month: May 2020

UK lenders confirm support for commercial landlords

The banking and finance industry is today confirming its continued support for commercial landlord customers as part of its ongoing commitment to help business customers through these difficult times.

With the June/July rent quarter soon approaching, lenders recognise that commercial landlords and their tenants may have concerns about their ability to make their payments.

Banks and finance providers are committed to supporting viable businesses and are engaging with their landlord customers ahead of the next quarter day. The flexible support available includes providing capital payment holidays and amending current facilities.

Stephen Jones, Chief Executive of UK Finance, said: “Commercial finance providers are working hard to support business customers through these difficult times and lenders recognise that the current situation poses particular challenges for commercial landlords and their tenants.

“A wide range of flexible support is available, including amendments to facilities and capital payment holidays to help landlords and their tenants

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F1 team Williams which dominated the sport puts itself up for sale

The British Formula One team founded by Sir Frank Williams that has been one of the most successful in the sport’s history has been put up for sale after recording losses of £13 million last year.

The Williams team, founded by Sir Frank and Sir Patrick Head in 1977, has remained fiercely independent but poor performance in recent years has now forced it to seek outside investment.

Although it is the second most successful team in terms of constructors’ championships, behind only Ferrari, and third for grand prix wins, after Ferrari and McLaren, its results in recent years have been poor.

Sir Frank, 78, had previously insisted on retaining control of the team, which is based in Wantage, Oxfordshire. However, the company, now run by Sir Frank’s daughter, Claire Williams, said it was prepared to look at a sale to secure its future. “Frank has always ensured he puts the

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ACBJ joins lawsuit seeking PPP information from SBA

American City Business Journals has joined The Washington Post and nine other news outlets in a lawsuit against the Small Business Administration that seeks detailed information about the $659 billion Paycheck Protection Program.

Matthew Kish of the Portland Business Journal writes, “On Friday, American City Business Journals, ABC, CNN, NBC, the Associated Press and the Center for Investigative Reporting were added as plaintiffs.

Read more here.

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Tenant engagement Equiem launches platform for companies to return safely

Equiem is helping companies and employees get back to work safely through the launch of Smart, a series of dashboards that report on real-time lobby traffic, building occupancy, air quality and other key measures delivered by smart sensors throughout a building.

Smart is designed to help landlords meet new tenant access and building safety requirements by controlling re-entry to their buildings, managing queues to elevators, and tracking crowdedness in common areas and facilities. The data is also available to occupants and is designed to help companies and their employees make informed decisions about whether or not to access the workplace on a given day.

Equiem has partnered with Metrikus, a leader in smart technology solutions, to deliver the platform. Smart sensors are able to be installed across any size building – in lobbies, common areas, and tenant spaces – within two to four weeks. The resulting data is then

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