LendInvest given £500m investment boost from Chetwood to fund buy-to-let mortgages July 3, 2023 LendInvest, the London-listed property fintech, has received a £500m investment boost to fund some of its future lending from Chetwood Financial. The investment will fund mortgage originations from LendInvest’s buy-to-let mortgages, aimed at professional landlords, and residential mortgages, for those underserved by high street mortgage providers. Chetwood, a Wrexham-based digital bank, has become the latest [...]
Grainger Network Rail and Bloc Group announce partnership to build 2,000 UK homes November 22, 2023 Grainger has announced a partnership with Network Rail and the property developer Bloc Group to deliver 2,000 homes across Britain.
Canary Wharf: Property value falls as London banking hub secures £550m financing deal April 25, 2024 The developer and manager of Canary Wharf in East London has reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn.
Exclusive: Abrdn backs property recovery with UK to ‘lead the way’ July 29, 2024 Asset manager Abrdn has moved its view of property from an underweight position to neutral as it argued the UK is leading the way on a global recovery, City A.M. can reveal.
LGIM boss calls for fewer ‘unscrupulous’ buy-to-let landlords in Britain May 6, 2024 An LGIM boss has lambasted what he describes as "unscrupulous" buy-to-let landlords, accusing many of providing poor housing for tenants.
Costar set to make £100m bid for Onthemarket – report October 18, 2023 Property site Onthemarket could be subject to a £100m takeover bid as early as tomorrow, according to a report.
Mayfair mansion worth up to £100m for sale April 6, 2021 A Mayfair mansion, which could be worth up to £100m after redevelopment, is on the market, making it the largest residential property currently on sale in London. The Grade II-listed building at 38 Hill Street is on offer for £38m, with estate agents saying it could remain as a single mansion or be transformed into [...]
What will the modern office look like in 2024? January 1, 2024 Offices will become more sustainable next year, a report has predicted, as the commercial property sector continues to undergo a transformation following on from the pandemic. Global architecture and design firm Gensler outlined what trends they expect UK offices to adapt in the new year. Sustainability is key The group said intense weather and climate [...]
Rightmove speaking to UBS and Morgan Stanley after REA takeover interest September 3, 2024 Rightmove is reportedly speaking to UBS and Morgan Stanley on its response to the unsolicited takeover bid from Rupert Murdoch’s REA Group, according to Bloomberg. REA announced its intention to explore a possible cash and share offer for the UK’s biggest property portal in a statement yesterday to the Australian Stock Exchange. It has said [...]
Green light from London council for £330m plan to build 1,250 homes July 16, 2024 Aitch Group has been given the green light for a £330m investment in Belvedere park by a London council, to build 1,250 homes in Bexley. The east-London based property group will turn the industrial land into a series of apartment blocks with a hectare of green space. It’s good news for London’s property sector, which [...]