Big Yellow profits shine thanks to recovery in housing market May 20, 2014 SELF-STORAGE company Big Yellow Group posted a 15 per cent jump in adjusted pre-tax profits yesterday, thanks to the recovery in the housing market that has boosted demand for space in its stores. The company, known for its yellow-coloured storage sites, reported an adjusted pre-tax profit of £29.2m in the year to 31 March compared [...]
Charles Dickens’ penny savings bank up for sale May 22, 2014 Grand financial institution sure to be a hit in trendy Clerkenwell BUILDINGS that do business usually stay that way. It used to be rare for people to live in old offices and factories, but now many more are coming onto the market as agents take advantage of the residential boom. “I certainly have never come [...]
Charles Dickens’ penny savings bank up for sale May 22, 2014 Grand financial institution sure to be a hit in trendy Clerkenwell BUILDINGS that do business usually stay that way. It used to be rare for people to live in old offices and factories, but now many more are coming onto the market as agents take advantage of the residential boom. “I certainly have never come [...]
Canary Wharf owner sees shares rocket 21pc on results March 28, 2014 Songbird Estates, the developer of Canary Wharf, has posted a pre-tax profit jump from £201.5m to £900.8m. Shares leapt 13 per cent at the open this morning, and are now up an impressive per cent at 235p per share. Underlying profits have dropped marginally to £22.4m, but the firm got a boost from surging London [...]
Getting property back in business April 24, 2014 As residential prices soar, developers are turning commercial spaces into homes THE DARK dark satanic mills of William Blake’s Jerusalem were once a dominant fixture in the bustling life of industrial London. It wasn’t that long ago that the city produced condiments like sugar, honey, jam and vinegar, while warehouses stored valuable goods that were [...]
Sales of new homes in Canary Wharf soar April 2, 2014 Residential activity in Canary Wharf is booming, according to new figures from property consultants JLL today which show that the business-focussed district enjoyed one of the highest levels of sales of new homes last year. New unit sales have increased from 400 in 2012 to 1,050 in 2013, pushing values up to an average of [...]
UK housing soars back to pre-financial crash prices October 15, 2013 THE PRICE of an average house in the UK steamed past its previous nominal peak during August, reaching record levels again, according to Office for National Statistics (ONS) figures revealed yesterday. The announcement came as Martin Weale, a member of the Bank of England’s rate-setting monetary policy committee (MPC), voiced his concern over the recent [...]
What London property could you get with 50,000 Bitcoins? April 25, 2014 Estate agent Knight Frank has compared how an investment in the cyrptocurrency Bitcoin would have performed compared to an investment in highly prized central London property. In July 2010, it would have taken 50,000 Bitcoins to buy one measly square foot of an eight-bedroom mansion house in Mayfair, based on a value of £28m. By [...]
This literally cool map of London shows the hipster migration east April 8, 2014 Is doesn’t take a genius to work out that London’s trendies have moved to east London over the past ten years, gathering into a melting pot of fixies, skinny jeans and iPads in Hackney and the surrounding area – but this map, plus handy graph, does illustrate it beautifully. Savills has gathered data from [...]
Capital’s skyscraper boom set to dramatically change skyline March 12, 2014 LONDON’S skyline is set to change dramatically over the next decade. Over 236 towers over 20 storeys are being proposed, approved or under construction – more than double the number of tall buildings estimated to be in the capital today, according to a new report released yesterday. Traditionally a low-rise city, London’s skyscrapers have, until [...]