Croydon is reaching for the sky with 55-storey tower January 18, 2012 CROYDON is setting its sights high after approving a 55-storey skyscraper which would rejuvenate the south London borough. The development, expected to cost in the region of £350m, would bring 397 residential units, 217 hotel rooms and over 23,000 square metres of office space to Croydon. The skyscraper would also boast its own restaurant, coffee [...]
Spending spree plans at London & Stamford July 21, 2011 LONDON & Stamford Property (L&S) has stepped up plans to expand its residential portfolio, agreeing to buy more than 100 residential properties in north London for £49.1m. The real estate developer announced yesterday it had bought 107 private residential units and 31 car parking spaces in Islington from Seward Street Developments, bringing its total portfolio [...]
Why we are not (quite) a new Japan September 21, 2011 SLOWLY but surely, the Bank of England is preparing for another bout of quantitative easing (QE). It hinted as much in yesterday’s minutes, which followed the release of a research paper earlier in the week explaining how it thought QE had boosted the economy last time round. No real surprise there; regardless of what they [...]
Five star: prices soar in London boroughs August 18, 2011 IT is not just Arab sheikhs and Russian oligarchs snapping up the best of London’s residential property. Estate agency Marsh & Parsons received interest from would-be buyers in 193 countries over the last month, according to chief executive Peter Rollings. The firm’s website had the most visits from potential investors from the US, France, Italy, Germany, [...]
House prices fall in London and rest of UK July 17, 2011 House prices have dropped for the first time this year, according to a well-regarded Rightmove index released this morning. Prices fell 1.6 per cent across the UK in July, with even London’s houses experiencing a 1.4 per cent dip, the figures showed. In June, the average residential property in the capital hit an all time [...]
CAPCO TO DEVELOP EARLS COURT WITH KWOKS December 19, 2011 PROPERTY developer Capital & Counties (Capco) said yesterday it had entered an agreement with Hong Kong property titans the Kwok family to redevelop parts of its Earls Court site. Capco has been in talks for months over plans to turn one of the exhibition centre’s car parks into a residential area with 808 new homes [...]
Scottish house price dip means good value buys February 16, 2012 SCOTLAND: land of hunting, shooting, fishing…and fortified castles set amid hundreds of acres selling for less than £3m, the cost of a mere flat in certain parts of London. As Jamie Macnab, of Savills’ Edinburgh office, says: “Someone said to me once that four square miles of London is worth more than the whole of [...]
CITY MOVES | WHO’S SWITCHING JOBS February 26, 2012 Pace Pace has appointed Roddy Murray as its new chief financial officer as part of chairman Allan Leighton’s overhaul of the ailing set TV top-box maker. The firm, which issued a string of profit warnings last year, said Murray will take over from Stuart Hall on 6 March, who is leaving after five years in [...]
BNY extends its stay with Canary Wharf January 25, 2012 BNY MELLON has decided to stay put at its offices in Canary Wharf with the US bank renewing its lease at One Canada Square for a further eight years. The bank, which is leasing six floors at the top of the 50-storey skyscraper, has signed a new term with its landlord Canary Wharf Group, beginning [...]
BNY extends its stay with Canary Wharf January 25, 2012 BNY MELLON has decided to stay put at its offices in Canary Wharf with the US bank renewing its lease at One Canada Square for a further eight years. The bank, which is leasing six floors at the top of the 50-storey skyscraper, has signed a new term with its landlord Canary Wharf Group, beginning [...]