London is second priciest city for firms to situate staff March 3, 2014 SOARING rents have made London the world’s second most expensive city for companies to locate staff, trailing closely behind Hong Kong, according to research out today by property consultants Savills. The cost of renting living and office space for one employee in the capital reached $115,000 (£68,804) last year, up two per cent on 2012 [...]
London is second priciest city for firms to situate staff March 3, 2014 SOARING rents have made London the world’s second most expensive city for companies to locate staff, trailing closely behind Hong Kong, according to research out today by property consultants Savills. The cost of renting living and office space for one employee in the capital reached $115,000 (£68,804) last year, up two per cent on 2012 [...]
Our at-a-glance guide to Osborne’s mini-budget December 5, 2013 Growth up, borrowing down, yet the debt is still rising. Another raid on the banks, but shops to gain from reduced business rates THE UK ECONOMIC OUTLOOK● The Office for Budget Responsibility (OBR) has revised up its forecast for economic growth and revised down its prediction for inflation. It expects unemployment to drop quickly next [...]
Victoria set for £4bn investment as Armani and Jimmy Choo relocate February 10, 2014 Victoria is set for a £4bn investment over the next decade as developers cash in on companies following in Armani and Jimmy Choo's footsteps and relocating their headquarters to the area. London’s busy transport hub has undergone a major shift over the last ten years as government departments who were traditionally the biggest office-users in [...]
City Moves for 23 July 2013 | Who’s switching jobs July 22, 2013 LDC The private equity firm has announced the appointment of Gordon Hague as investment director. He has over 15 years’ private equity experience, and was most recently a director at 3i. Berwin Leighton Paisner David Rowe has joined the law firm as finance director. He previously held senior roles at PwC, including director of finance [...]
What the other papers say this morning – 04 April 2014 April 3, 2014 FINANCIAL TIMES Channel 5 bidders question valuation A war of words has broken out over the valuation of Channel 5, ahead of this month’s deadline for second-round bids for the broadcaster owned by entrepreneur Richard Desmond. In January, people close to the bidding process said Mr Desmond was seeking a price of more than £700m [...]
London house prices are now more than double the rest of the UK April 2, 2014 LONDON’S house prices have soared to historic levels, with the gap between prices in the capital and elsewhere in the UK expanding to the widest it has ever been. Figures released by Nationwide yesterday showed that the cost of a typical London home – at £362,699 in March – was over twice as high as [...]
Scale of house price boom in prime London revealed January 20, 2014 AVERAGE house prices have doubled to over £1m in dozens of wards inside and surrounding London in the past decade, soaring despite the effect of the financial crisis. Research by property group Savills and the Property Database, based on Land Registry figures, shows the huge rise in prices recorded in the most sought-after parts of [...]
What the other papers say this morning – 12 February 2014 February 11, 2014 FINANCIAL TIMES Planners seek cash for fast ruling Westminster Council has sought permission from the Treasury to accept cash payments from property developers to speed up their planning applications and resolve backlogs in what could become a template across London. In a joint letter to George Osborne the leader of Westminster council, deputy London mayor [...]
Building plans not enough to stop shortfall January 12, 2014 THE HOUSING supply crisis in England means the country will have a shortfall of 1m homes in just seven years, with half the needed properties in London and the south east. Countrywide’s quarterly analysis of the housing market, released today, shows how the demand for housing has steadily climbed since the financial crisis. While there [...]