Property companies’ share prices knocked again as Brexit hangover clings on July 6, 2016 It's been a rough week for property companies – and this morning has been no different. The biggest firms' share prices have fallen off the wrong side of the bed again today as the big Brexit-hangover continues to plague the industry. Read more: Aviva and M&G become latest property funds to suspend trading as investors flee Housebuilders At [...]
The smooth and orderly route to a new customs arrangement: A deal to benefit businesses on both sides of the Channel is vital August 15, 2017 Today marks the start of an intensification of our preparations for our exit from the EU. The government will publish a series of papers on the new deep and special partnership the UK wants to build with the EU. These papers set out key issues for the government’s approach to that partnership, developing the themes [...]
If we cannot build on the green belt, then we must build up and build faster in inner city parts of the capital February 8, 2017 Has there ever been a more opportune time to reform the UK’s exceptionally strict rules against building on the so-called “green belt”? Huge swathes of protected land surround cities and towns such as London, Oxford, Cambridge, Birmingham and Manchester. Soaring house prices and rental costs in these areas have prompted a sea change in people’s [...]
JLR has lovingly updated its original Range Rover Classic – and it can be yours, for £135,000 February 3, 2017 If you're a British car buff, here's one to get your engine revving: as part of its "Reborn" series, Jaguar Land Rover (JLR) has lovingly recreated the original Range Rover Classic – and it's absolutely gorgeous. The restored car, in Bahama Gold, features a V8 petrol engine and 132 brake horsepower. Want one of your own? [...]
An intergenerational storm is brewing – politicians beware July 21, 2017 Two announcements were issued from Westminster this week that should strike fear into the hearts of anyone under 30. On the one hand, the Conservative government has brought forward the rise in the state pension age by seven years, increasing it to 68 by 2038. On the other, the Labour party dropped its commitment to [...]
How London’s most exciting new arts venues are being built by its most profitable housebuilders April 27, 2017 A famous Churchill anecdote recalls the time the former Prime Minister was asked to cut arts funding to aid the war effort. He refused, apparently, remarking, “Then what are we fighting for?” As with most apocryphal tales, there’s a larger truth at its heart. During times of austerity and uncertainty, grants for culture and entertainment [...]
Property companies’ share prices climb again after a difficult three days July 7, 2016 After a difficult three days of trading for companies in the property market, things are looking slightly sunnier this morning. The increases today follow the news that house prices rose in June – but analysts are predicting house prices will fall in the second half of this year. Housebuilders Persimmon's share price climbed 6.9 per cent, Berkeley [...]
This bank just moved into the Cheesegrater May 13, 2016 Lettings in the Cheesegrater, aka the Leadenhall Building, are creeping up: this morning the City's tallest skyscraper announced the newest of its tenants. Clydesdale Bank has signed a 15-year lease on the 17,300 sq ft 15th floor of the building, British Land and Oxford Properties, which co-own the building, said this morning. That pushes lettings at the [...]
Focus On Brixton: David Bowie, buzzing nightlife and honest burgers keep average house prices at around £550,000 July 27, 2017 In many ways, Brixton is the capital of south London. With its excellent transport links into central London and exhaustive range of shopping, dining and nightlife options, if you didn’t have to work, you probably wouldn’t need to leave. It even has its own currency. Over 250 businesses accept the Brixton Pound and around £50,000 [...]
British Land raises £350m via bond issue June 2, 2015 BRITISH Land, one of the UK’s biggest developers, has launched a £350m convertible bond. The senior, unsecured convertible bond, due in 2020, will be used to fund the company’s acquisition of two central London properties and future spending. British Land splashed £210m on increasing its ownership of One Sheldon Square in Paddington in April, and [...]