CITY MOVES | WHO’S SWITCHING JOBS February 20, 2012 Royal Bank of Scotland RBS has appointed Stuart Dean as head of healthcare in the corporate and institutional banking (CIB) team. Dean has worked at RBS for more than 11 years in the bank’s structured finance division in the south of England and London. Before joining RBS, he spent two years at the John Lewis [...]
Multi-million pound properties on the up as London prices soar January 12, 2012 PROPERTY prices in the capital are booming, and show no sign of slowing as a side effect of economic gloom, two separate studies released this morning have shown. According to LSL Property Services, London house prices are 3.1 per cent higher than last year, bucking the overall downward trend that saw property prices slump 0.5 [...]
Taxing homes more isn’t the answer March 4, 2012 HERE is my factoid of the day: Italians have just replaced Russians as the top foreign buyers of prime central London properties, ending years of oligarch dominance, according to Knight Frank. The only reason the Greeks aren’t ranked higher is that there are too few of them. Analysts interested in predicting financial crises and unrest [...]
Taxing homes more isn’t the answer March 4, 2012 HERE is my factoid of the day: Italians have just replaced Russians as the top foreign buyers of prime central London properties, ending years of oligarch dominance, according to Knight Frank. The only reason the Greeks aren’t ranked higher is that there are too few of them. Analysts interested in predicting financial crises and unrest [...]
Chelsea property goes for £147m June 21, 2012 Moore House, part of the Grosvenor Waterside Development in SW1, has been snapped up by London & Stamford Property’s new joint venture for £147m. The residential building – bought from Qatari Diar subsidiary Project Red – comprises 149 units, with a lettable area of 117,090 square feet.
High-end house prices on the rise in London January 8, 2012 TOP-END house prices in London have kept rising despite global economic uncertainty, according to data seen by City A.M. Properties worth between £5m and £10m grew in value by 3.5 per cent in the year to the end of September 2011, research from Investec reveals. Houses worth between £1m and £2m increased in value by [...]
Bank seeks new powers over lending March 25, 2012 NEW regulations cannot absolutely prevent the possibility of another financial crisis or of banks failing, a Bank of England policy maker announced just days after the Bank had pushed for stronger powers over the industry. The culture within banks, as well as changes to the structure of incentives, will be the most important changes, financial [...]
PAI Partners sells off its £460m ingredients firm January 11, 2012 THE MORIBUND European private equity market showed some signs of life yesterday when PAI Partners agreed to sell its share in a Danish food ingredients firm for about €560m (£462m). PAI will sell its a 25.7 per cent stake in Chr. Hansen to Novo, which is the main owner of drugmaker Novo Nordisk and industrial enzymes producer [...]
Nine Elms residential towers granted planning consent June 18, 2012 A scheme to add a pair of high-rise residential towers to London’s South Bank was granted planning consent last night by Wandsworth council. The “One Nine Elms” project, proposed by Green Property and CIT Group, will see the existing 1970s Market Towers replaced with 58 and 43 storey skyscrapers, with 500 homes, offices and shops. [...]
Affordable housing rules dropped to boost builders September 6, 2012 HOUSEBUILDERS and business organisations yesterday welcomed the government’s decision to temporarily relax planning laws as Downing Street announced it would scrap the requirement for private developers to build affordable housing in an attempt to kick-start a construction boom. Under existing rules builders are required to designate a set percentage of every development either for housing associations [...]