Sports Direct buys Evans Cycles, but Mike Ashley to close 30 stores October 30, 2018 Evans Cycles has been sold to Sports Direct as part of a pre-pack administration. Around half of the cycling shop's 60 stores will be forced to close, Sports Direct owner Mike Ashley said as he announced the deal. Ashley commented: "We are pleased to have rescued the Evans Cycles brand. However, in order to save the [...]
CapitaLand to buy real estate group in Asian mega-deal January 14, 2019 Plans to create Asia’s largest real estate investment manager were revealed today after Singapore’s CapitaLand said it will pay $8bn (£6.2bn) to buy logistics and industrial assets from Temasek. The Singaporean developer is purchasing the holding companies for a combination of cash and stock from the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate [...]
London’s tech cluster ranked largest in Europe September 4, 2018 London's tech cluster has been ranked the largest in Europe, according to research today which suggests there has been a surge of millennial talent coming into the UK. The capital saw off the likes of Paris, Madrid and Rome to finish top of an index which ranked Europe’s largest technology clusters based on the size, [...]
Europe ramps up property investment in central London October 22, 2018 London's appeal as a major hub for overseas investors was underlined by fresh figures today, which showed that the proportion of foreign money being injected into the capital’s commercial property market has hit an all-time high. A resurgence in demand from European buyers has helped drive central London’s booming office space market in the last [...]
City Moves for 5 February – who’s switching jobs at eGym, Real Estate Management and BSI? February 5, 2019 Who’s on the move today? eGym Sir George W. Buckley, the former chief executive of 3M, is joining the Munich-based sports technology company eGym as its chairman. Founded in 2010 in Munich, eGym uses a combination of connected gym equipment and cloud-based software to provide a fully data- and software-driven gym experience. Sir George steered [...]
Developer secures £125m loan for student digs in the City November 26, 2018 University pads might be more typically associated with sprawling campuses than the City of London’s cramped financial district, but developers today secured a multi-million pound loan for a landmark student accommodation scheme within the Square Mile. In a fresh sign of the booming investor appetite for London’s student property assets, developer and student accommodation operator [...]
City of London office take-up rises after landmark Square Mile deals such as Chinese embassy move | City A.M. August 1, 2018 Take-up of offices in the Square Mile jumped 10 per cent over the last year, as demand for City of London commercial space shows no sign of slowing down. In the 12 months to June roughly 3.5m square feet was taken up in London’s financial district, rising 31 per cent higher than the 10-year average [...]
UK house prices 2019: What experts say will happen after Brexit December 31, 2018 Has there ever been a more difficult time to predict the future of UK house prices? Political uncertainty looms large over the UK’s property market, but experts have nonetheless given their expectations for the year to come. Bank of England governor Mark Carney showed how dangerous the numbers game can be in November, when he had [...]
Four London boroughs set for rocketing house prices amid mass-regeneration September 20, 2018 House prices in London are set to grow by an average of 12 per cent over the next five years, according to research which suggests London’s property slump might not be as severe as many in the industry had feared. Among the London boroughs pipped to undergo the fastest growth are Hackney, Camden, Tower Hamlets, and [...]
Four London boroughs set for rocketing house prices amid mass-regeneration September 20, 2018 House prices in London are set to grow by an average of 12 per cent over the next five years, according to research which suggests London’s property slump might not be as severe as many in the industry had feared. Among the London boroughs pipped to undergo the fastest growth are Hackney, Camden, Tower Hamlets, and [...]