Ladies who don’t lunch: Maike Currie talks to Hermes Investment Management’s Harriet Steel about success, failure and building things May 26, 2016 Most people detest building. Whether it’s a new build, extension or renovation, chances are it will feature somewhere on the list of life’s more stressful events, perhaps only a few notches below death, divorce, starting a new job and moving home. Harriet Steel, global head of business development at Hermes Investment Management, however, relishes it. [...]
City Moves for 19 November 2015 | Who’s switching jobs November 18, 2015 EY The professional services firm has appointed partner Gareth James to head up its data and analytics practice within its UK and Ireland assurance business. He joins after 18 years at Deloitte, where he was a UK risk analytics partner since 2011, specialising in and leading on audit and finance analytics. Silicon valley bank The [...]
Grainger to sell German arm as demand for UK rental flats soars August 14, 2015 GRAINGER said yesterday it has hired bankers at Lazard to sell its German residential business, as it seeks to expand its presence in the UK private rented sector (PRS). The UK’s largest residential landlord has been one of the most active players in the UK PRS market. It now has 3,400 PRS units in its [...]
Why this could be an important day for renters October 16, 2015 Today could be a big day for those of us who rent our home, although you may not know it. The MP for Westminster North, Karen Buck, has put forward a private member’s bill “to amend the Landlord and Tenant Act 1986 to require that residential rented accommodation is provided and maintained in a state [...]
In a city where property is in short supply, why do buildings still lie derelict? November 27, 2015 From the top floor the Royal Docks’ Millennium Mills there’s a stomach-churning, 10 storey hole in the floor. It used to house a Rube Goldberg-esque, flour processing helter skelter back in the building’s heyday in the first half of the last century. Now it’s little more than a skeleton, stripped back to brick and concrete, [...]
The Docklands, Stratford and east City fringe are the last three areas in central London with office space under £40 per sq ft October 7, 2015 Companies hoping to fork out less than £40 per square feet for offices in central London may be disappointed, after new research shows there are only three areas left offering space at those prices. The Docklands, Stratford and east City fringe are the only three sub-markets in the capital offer Grade A office space at [...]
Deutsche Annington Immobilien to buy Luxembourg-based rival Gagfah in €3.9bn deal December 1, 2014 German estate agents Deutsche Annington Immobilien said yesterday that it had agreed to acquire Gagfah, a Luxembourg-based owner and manager of residential properties, in a deal that values the company at €3.9bn (£3.1bn). The deal would create a combined company with a portfolio of roughly 350,000 residential property units worth around €21bn. The cash-and-stock offer works [...]
London house prices: The capital’s most exclusive homes are going for bargain prices October 2, 2015 Another day, another sign the top end of London's property market is in the doldrums, after figures by Knight Frank showed house prices in the capital's most exclusive areas grew just 1.3 per cent in September on the same month last year. That's the lowest rate of growth since October 2009 – and in some [...]
Britain needs to up its game on broadband – or creaking digital infrastructure will hit growth December 15, 2015 The UK is in the middle of a digital revolution. Over the last decade, the internet has emerged as the lifeblood of the modern world. In towns and cities across the country, businesses, governments and residents are becoming ever more dependent on an abundance of digital services and, consequently, on the wires and cables under [...]
The cost of luxury homes in Nine Elms are being slashed to bargain prices September 9, 2015 Nine Elms may be one of London's most ambitious residential development projects in decades – but it seems the luxury homes being built in the area aren't as popular as anticipated, after figures showed half of the homes under construction or just completed the area were reduced in price before they were sold The research, [...]