Britons who let or sold second homes in France to be paid back millions of pounds following EU court ruling March 12, 2015 British people who own property in France will be eligible for reimbursement of money paid out as taxes following the introduction of a “social charge” by French President Francois Hollande in 2012. The charge meant that around 200,000 non-resident Britons who sold or let second homes in France had to pay an extra 15.5 per [...]
Rush to avoid higher stamp duty lifts estate agent Savills’ profits January 15, 2015 ESTATE agent Savills has hiked its profit guidance for 2014 after changes to stamp duty came into effect at the end of last year, sending shares surging 7.3 per cent. Revenue and profit exceeded forecasts in December after a sales boost from the rise in stamp duty for properties priced over £937,000 introduced in chancellor [...]
City Moves for 13 August 2014 | Who’s switching jobs August 12, 2014 EY The professional services firm has made several appointments. Jay Nibbe has been made global vice chair for tax. He joined the firm in 1985 and was mostly recently the chair of EY’s global accounts committee and deputy area managing partner for Europe, Middle East, India and Africa. Uschi Schreiber (pictured) has been appointed global [...]
China’s Dalian Wanda to buy Infront for €1bn February 10, 2015 CHINESE property and leisure conglomerate Dalian Wanda has made a push into the sports and entertainment sectors after snapping up Swiss marketing firm Infront Sports & Media for €1.05bn (£780m). Dalian Wanda, which is led by China’s wealthiest man Wang Jianlin, is one of the country’s largest property players with over 60 five star hotels [...]
Savills share price surges on profit outlook upgrade thanks to Stamp Duty changes January 15, 2015 Estate agent Savills has upgraded its profit outlook for 2014 after changes to stamp duty came into effect at the end of last year, sending shares surging almost nine per cent in early trading. Revenue and profit exceeded forecasts in December after a sales boost from the rise in Stamp Duty for properties priced over [...]
City Moves for 30 July 2014 | Who’s switching jobs July 29, 2014 Anthology David Clark has been appointed chief financial officer at the property developer, backed by Oaktree Capital Management. He joins from Mount Anvil, the specialist residential property developer, where he was group finance director. CityJet Patrick Lukan has been appointed chief commercial officer at the airline. He joins from Carlson Wagonlit Travel, where he was [...]
Interior designer Lisa-Marie Mosca on bringing Gatsby glamour to London in Sophia House April 23, 2015 SOPHIA HOUSE, ELLERTON ROAD, WIMBLEDON, £6.95M On a quiet private road bordering the Royal Wimbledon Golf Course, there’s a pocket of 1920s Parisian glamour. Opulent light fixtures and plush upholstery welcome prospective buyers to Sophia House, one of two six-bedroom family houses recently built by luxury developer Newcourt Residential. From the outside, it looks [...]
Private View: On the market in Earlsfield February 12, 2015 RAVENSBURY ROAD £1.2m Refurbished two bedroom period house situated close to Earlsfield station. Providing over 1,400 sqft of accommodation, this property benefits from a separate studio in the landscaped garden. Available freehold, it also features a stylish glass staircase. Contact sales agent Kinleigh, Folkard and Hayward’s Earlsfield branch on 020 8944 6464 or visit kfh.co.uk [...]
Tory pledge lays foundations for rise in homebuilder shares March 2, 2015 SHARES in residential building companies were given a boost yesterday, after David Cameron pledged to build 200,000 new affordable homes by 2020. The homes will be sold at a 20 per cent discount, achieved by removing levies and regulation on brownfield site properties. Shares in Berkeley were up 1.45 per cent at the close, Bellway [...]
Revival in the regions helps St Modwen smash expectations February 3, 2015 St Modwen smashed analyst forecasts yesterday after posting a 68 per cent jump in full-year profits, thanks to a revival in the regional property market and its burgeoning commercial developments. The company, which is redeveloping Britain’s biggest flower and vegetable market, New Covent Garden in Nine Elms, said pre-tax profits rose to £138.1m in the [...]