Deutsche Wohnen set to raise €475m for Barclays flats deal June 11, 2012 GERMAN residential property investor Deutsche Wohnen plans to raise up to €475m (£383m) to help fund its deal to buy a portfolio of flats in Germany’s prosperous property market. It will issue up to 43.8m new shares and offer investors three shares for each of the seven they already own. The capital raising comes just days [...]
Record level of offices turned into residences October 30, 2012 THE NUMBER of offices being converted into homes is set to jump significantly over the next two years as developers chase higher returns for their property, according to property services firm DTZ. Strong growth in London residential values and weak demand for secondary office property is prompting developers and landlords to turn tired office blocks [...]
St Modwen and Telford upbeat on south east May 30, 2012 PROPERTY developers Telford Homes and St Modwen said the residential property market in London and the south east of England remained robust and would underpin their growth in 2012. East London residential developer Telford Homes said pre-tax profits for the year to the end of March leapt 20 per cent to £3m, helped by its [...]
St Modwen and Telford upbeat on south east May 30, 2012 PROPERTY developers Telford Homes and St Modwen said the residential property market in London and the south east of England remained robust and would underpin their growth in 2012. East London residential developer Telford Homes said pre-tax profits for the year to the end of March leapt 20 per cent to £3m, helped by its [...]
CBRE buys property firm EA Shaw November 20, 2012 CBRE has snapped up West End property agent EA Shaw just two months after buying Franc Warwick. The group said the agency, which provides services to clients including Shaftesbury and Soho Estates, will become part of CBRE’s central London business led by head of central London, Adam Hetherington. It will continue to operate from its [...]
Savills on track for higher profits November 15, 2012 Property agent Savills said yesterday it was on track to deliver annual profits ahead of forecasts despite a slowdown in transaction volumes in many of its markets. In an interim statement for 1 July to date, Savills said prime London residential and Asia Pacific continued to trade well while its commercial business increased market share. [...]
Interserve close to £100m deal November 14, 2012 Construction firm Interserve is top in the running for a deal worth £100m to provide repairs and maintenance services to properties across East London and Essex. Interserve is preferred bidder for the deal with East Thames Group which runs over seven years. The contract also has the potential to be extended for a further eight [...]
New image reveals London skyline after Nine Elms makeover November 21, 2012 THE BATTERSEA Power Station and the new US embassy are just two elements in a huge regeneration plan set to transform a vast stretch of the River Thames between Battersea Park and Lambeth Bridge. The Nine Elms Opportunity Area, which straddles the boroughs of Lambeth and Wandsworth has been coined “The New South Bank” and [...]
Markets lap up easing of bank liquidity rules January 7, 2013 BANK shares jumped yesterday after regulators eased incoming liquidity rules, giving banks more time to build up their buffers as well as letting lenders use a wider range of instruments. The aim of the rules is to make sure banks have a buffer of liquid assets big enough to match outflows of cash in a [...]
Ringfencing is the wrong solution to the wrong problem February 4, 2013 IT is hard to know where to start with George Osborne’s latest rhetorically fiery foray into bank regulation. The vast majority of it was a rehash of previous announcements, a restatement of already existing aspirations. As usual, some of his ideas were excellent and others awful. It will now take just a week to change [...]