New property adviser sets up in Square Mile June 27, 2012 A new adviser in the residential property sector has set up in the Square Mile. Centrus will provide advice and solutions in treasury, debt capital markets, corporate finance and institutional funding. The Centrus team brings together some of the leading figures in UK housing finance. The company is led by Phil Jenkins who has more [...]
House prices show biggest fall in a year August 14, 2012 British house prices experienced their most widespread falls for a year in the three months to July, and surveyors do not expect the outlook to improve over the next 12 months, a survey by the Royal Institution of Chartered Surveyors (RICS) showed today. The figures, which also show sellers hanging back, reinforce a generally gloomy [...]
Three London schemes given the go-ahead January 16, 2013 AUSTRALIAN property giant Lend Lease has won planning consent for a £1.5bn regeneration scheme in London’s Elephant & Castle area. Southwark Council yesterday approved the scheme, which aims to create 2,500 new homes, shops, restaurants and community facilities by 2025. Lend Lease said the development will create over 5,000 new jobs and the largest new [...]
Rapid responses August 19, 2012 Rental promise [Re: Boris needs to be innovative to get the private sector building houses, Friday] Yes, London needs more homes. But it specifically needs more affordable rental homes. With record rents being reported in the capital, it’s only by increasing rental housing stock, and building property specifically designed for long-term rent, that we will [...]
As London firms report low visitor numbers, is hope for an Olympic business boost dead? July 31, 2012 YES Nica Burns So London has a big hit – the Olympics. A brilliant show, with a cast of outstanding performers – drama, fulfilled and shattered dreams, laughter and tears. It’s a once in a lifetime and we’re riveted. We’re either going to see the events, or we’re watching them on a screen. We’ve listened [...]
Canadians buy landmark City site for £265m January 28, 2013 CANADA’S second largest pension fund has teamed up with private equity firm TPG to buy a landmark office building in the City for £265m. Ivanhoé Cambridge, the property investment arm of Caisse de dépôt et placement du Québec, said yesterday it has jointly bought the Woolgate Exchange in Moorgate as it steps up its investment [...]
Galliford buoyed by private home sales July 10, 2012 Homebuilder Galliford Try sold more homes at higher prices in its private housebuilding segment for the full year, largely benefiting from its focus on the south of England, and said the UK housing market has been stable. Completions including those from joint ventures rose 40 per cent to 3,039 units during the year. Of these, [...]
Savills fund focusing on prime London with first investment December 10, 2012 ESTATE agent Savills has made the first two purchases through its prime London residential fund, betting on adjacent Chelsea properties as demand for high-end living space in the capital continues to grow. Cordea Savills, the international property fund manager owned by Savills, has paid around £40m for a former chapel and a former college building between [...]
Invest in the new Canning Town February 22, 2013 New development Vermillion is helping Canning Town become a thriving new area, says Naomi Mdudu CHARLES DICKENS may not have spoken favourably about the area in the mid-nineteenth century, but Canning Town is undergoing considerable changes. This month saw the launch of two new penthouse apartments in the luxury block, which span the top two [...]
Great Portland street looks South December 10, 2012 PROPERTY developer Great Portland Estates (GPE) yesterday spent £60m to snap up office and residential building Minerva House, on the South Bank. The acquisition is the first since it raised £140.6m in a share placing last month. The six-storey block is leased to Ipsos Mori and Winkworth Sherwood. Rent totals £3.4m a year, with contracts [...]