CITY MOVES | WHO’S SWITCHING JOBS February 23, 2012 Deloitte Mike Sobers has been appointed as a partner to Deloitte’s enterprise risk service practice, a 1,000-strong team of professionals in the UK dedicated to helping businesses solve complex risk and control issues. Sobers joins Deloitte from Aviva, where he was the audit director with global responsibility for technology and project audit. During this time, [...]
SELL September 29, 2011 MANAGING DIRECTOR OF CENTRAL LONDON ESTATE AGENCY, KAY & CO Q.I have a small patio garden at my house in central London but am considering putting up a conservatory in the space so that I can use it all year round. Will this help me when I sell? A.On the face of it this seems [...]
Strong profits at BNP Paribas Real Estate February 21, 2012 BNP PARIBAS Real Estate enjoyed a strong performance in 2011 despite tougher market conditions, posting an 11 per cent rise in operating profits to €156m (£130.8m). The real estate advisory arm of France’s biggest listed bank – which posted full-year profits of £6bn last week – said turnover increased by six per cent to €658m [...]
Strong profits at BNP Paribas Real Estate February 21, 2012 BNP PARIBAS Real Estate enjoyed a strong performance in 2011 despite tougher market conditions, posting an 11 per cent rise in operating profits to €156m (£130.8m). The real estate advisory arm of France’s biggest listed bank – which posted full-year profits of £6bn last week – said turnover increased by six per cent to €658m [...]
The appeal of a mature market March 15, 2012 THERE’S nothing emerging about Barbados. Barbados has arrived. It arrived a long time ago. But in a property environment where the hot new thing has lost some of its appeal over the past five years, tried and true is sometimes best. Like a Starbucks when you want to be sure of what you’re getting. But [...]
Ex-Tchenguiz property firm in £62m deal March 6, 2012 THE property management company run by Vincent Tchenguiz before he became embroiled in a fraud probe has been rescued from administration in a £62m deal. Peverel has been taken over by private equity houses Chamonix and Electra Partners, who said they would secure more than 4,200 jobs. It comes nearly a year after the holding [...]
Ireland mulls plan to write off €6bn of mortgages August 21, 2011 IRELAND is considering plans to write off up to €6bn (£5.25bn) worth of mortgage debt in a bid to boost the economy, the country’s housing minister said yesterday. A government committee is to consider a proposal to relieve households left in negative equity by a fall of around 50 per cent in residential property prices, [...]
THE WEEK AHEAD September 11, 2011 COMPANY NEWS ● Today, Pan African Resources announces. The Aim-listed company is producing 100,000 ounces of gold per year and will be hoping for glittering results. ● Tomorrow, Abcam and Ashmore both announce. Abcam is a biotechnology company based in Cambridge’s Science Park, which sells research antibodies. ● On Wednesday, Barratt Developments and Galliford Try [...]
Why businesses have to come first in the City July 3, 2011 AT the end of the 19th Century, the Square Mile was home to some 75,000 people; by 1950, this number had decreased to less than 10,000 and has remained largely stable ever since. These figures in themselves are not surprising; they reflect the inherent tensions that exist between businesses and residents in any modern area [...]
British Land snaps up City apartment block for £57m June 30, 2011 BRITISH LAND has agreed to buy Wardrobe Court, a residential investment property in the City for £57m. Wardrobe Court, which is being sold by the Warnford Group, a family company, will mark British Land’s first residential acquisition in the square mile. The FTSE 100 group, best known for its retail and office schemes, is expanding [...]