In pictures: The world’s tallest tower has just been unveiled – and it’s going to be in Dubai again April 28, 2016 If you thought the Burj Khalifa was big, prepare yourselves for a new tower that will leave the Dubai landmark in its shadow. Developer Emaar Properties has just unveiled a rival to snatch the title as the world's tallest tower. No final decision has been taken on how tall the Tower will be, but it will be [...]
EU referendum: Brexit risks compromising plans to build hundreds of thousands of new homes May 19, 2016 If Britain votes to leave the EU it risks sparking a chronic construction skills deficit, compromising plans to build hundreds of thousands of new homes. According to new research, a Leave vote could lead to a cut in the construction workforce, which would in turn jeopardise plans to expand the UK's housing stock that would otherwise ease [...]
Silvertown Partnership prepares shortlist for funding of Royal Docks £3.5bn scheme March 15, 2016 The developers behind the £3.5bn regeneration of Silvertown Quays in London’s Royal Docks are in talks with several investors about the next stage of funding as work on the first phase of the 62-acre scheme gets underway. The Silvertown Partnership, a consortium of developers made up of Chelsfield Properties, First Base and Macquarie Capital, are currently [...]
Landlords make last minute dash to beat buy-to-let stamp duty hike deadline March 31, 2016 Landlords and agents were scrambling to complete last-minute purchases of second home and buy-to-let properties today ahead of stamp duty hike which comes into effect at midnight. George Osborne's clampdown on buy-to-let properties was announced in November's Autumn Statement as part of a raft measures designed to tackle the housing crisis and help more first-time buyers on the property [...]
City Moves for 15 March 2016 | Who’s switching jobs March 15, 2016 JHC Systems JHC Systems, a provider of wealth management solutions, has announced the appointment of John Boggis as its new head of sales. John brings almost 20 years of financial industry experience to the role, having most recently held the position of head of sales for EMEA & APAC at Eagle Investment Systems, which is part [...]
Brockton Capital buys into Shoreditch Village scheme April 1, 2016 Two families regenerating a derelict site in London's trendy Shoreditch area have brought new investors on board after selling part of the scheme to Brockton Capital. The run-down site between Shoreditch High Street and Great Eastern Street was originally a Victorian timber yard and has been privately-owned by the Hall and White families for over 40 years. The proposed scheme, [...]
Former FA and Manchester City chairman David Bernstein joins advisory board at property investment firm Cogress March 10, 2016 An investment platform that allows consumers to invest in high-end developments has bolstered its advisory board after hiring former Manchester City chairman and retail veteran David Bernstein. Cogress, an open equity platform, was founded by Israeli entrepreneur Tal Orly in 2014 with the aim of making prime London residential and commercial developments accessible to private investors. Since its launch it has [...]
Richard Desmond is moving from porn to property as Northern and Shell plans to build homes and a school April 29, 2016 Struggling to find a good school for your children in East London? Richard Desmond to the rescue. Shortly after selling off its pornographic network, Portland TV, Desmond's Northern and Shell has announced plans to move into property development. And as well as building 722 homes, the publisher of the Daily Express and Daily Star is also [...]
Another sign London’s ultra-high-end homes are losing their sparkle, as One Hyde Park designer Candy & Candy falls into a loss April 8, 2016 When the first homes were sold in 2012, its gleaming towers became the centre of a storm of criticism: now the interior designer behind controversial uber-prime residential development One Hyde Park have slumped into a loss. Figures filed with Companies House yesterday show interior designer Candy & Candy, which designed the communal areas and many of the apartments [...]
London house prices: Here’s how living near a regeneration scheme can boost the value of your property April 8, 2016 Living close to a major regeneration scheme in the capital can boost the value of your property by an average of 4.7 per cent a year above the wider house price growth, research released today by CBRE has found. The property services giant has conducted a study across seven regeneration schemes in London and found [...]