Southbank gets the thumbs up from Ignis Property Fund with £30m purchase January 12, 2015 The Ignis Property Fund has bought a slice of the Southbank’s regeneration, having acquired the freehold of both a residential and commercial space in Southwark for £30m. The investment firm has bought 1 America Street and 29 Great Guildford Street, an office and residential building on an island site, from the Trustees of the SE10NE Co-ownership. [...]
S&P forecasts Chinese property prices will fall as market cools June 9, 2014 CHINESE property prices are forecast to fall five per cent this year as the property market cools, according to a new report by Standard & Poor’s. The predicted decline marks a significant correction from the 11.5 per cent increase in prices in 2013, with prices in some top tier cities rising over 20 per cent [...]
At your service: Meet the concierges who run the lives of London’s elite homeowners June 25, 2015 The humble bowler-hatted doorman was once a tell-tale sign of a prestigious London address. But he’s quickly being replaced by a tenacious new breed of concierge. The industry travels with the global super-rich, arriving at whichever city blossoms into the darling of the international property market. Multilingual, persistent and well-connected, London’s hard-working concierges are on [...]
Looking for a mansion tax loophole? If your house is worth less than £3m, don’t try splitting it up January 28, 2015 In the very late 17th century, when owners of large properties wanted to avoid paying a very unpopular tax, they bricked up their windows. And now, owners of properties that would be affected by Labour’s proposed mansion tax are already seeking ways to get around this 21st-century levy, even though it might not be imposed. [...]
St Modwen set for record profits thanks to revival in UK regions December 2, 2014 ST MODWEN Properties said yesterday it was on track to report record profits this year, thanks in part to a revival in the regional property market. The company behind the regeneration of New Covent Garden Market in Nine Elms said profit before tax for the year to 30 November would be “at the top end [...]
London house prices: Capital would be hit disproportionately by mansion tax January 20, 2015 The extent to which London will be disproportionately hit by a new mansion tax has been revealed by new research looking into the most expensive properties in the UK Labour has proposed a tax on properties worth over £2m, which, according to research by Knight Frank, means 2.5 per cent of properties in London would [...]
Get rich quick: Why buying a luxury home near Crossrail could earn you lots of money February 26, 2015 No one who commutes into work on the Tube can have failed to have noticed the disruption that the construction of Crossrail is causing. With Tottenham Court Road station closed until December to build its new central London hub, you could be forgiven for thinking “is it all worth it?” Well, if you’ve got one [...]
Westminster council spurns property developers in battle for office space December 16, 2014 Westminster council has dealt a blow to the city's property developers eager for a slice of the expensive central London borough. It's begun a consultation on planning policies which will require developers who want to covert offices into homes to replace the lost work space. The move aims to stop a recent trend which has [...]
The mansion made for Versace where Mayfair meets Milan March 12, 2015 Many houses are marketed as a fusion of the old and the new, east meets west or even luxury meets shabby chic. But 50 Charles Street is a rare fusion of Mayfair mansion and Milanese palazzo. This unusual combination is the result of one of London’s most ambitious conversion projects, designed to woo one of [...]
London house prices: City closing in on West End’s values June 23, 2014 Residential property prices in the City are rapidly rising to match some of London’s most expensive areas, and could catch up with the costliest parts of the West End in just five years’ time. Typical house and flat prices in the City were 60 per cent lower than their equivalents in the ultra-prime areas of [...]