Grainger extends real estate fund July 5, 2011 UK housing landlord Grainger has secured a two-year maturity extension for its G:res1 residential property fund, which has a net asset value of £151m, to extract the maximum value possible from it. Grainger said yesterday investors in the closed-ended fund had voted to extend it by two years to October 2013. After that date it [...]
Canary Wharf to expand its East End estate with a brand new site January 18, 2012 CANARY Wharf Group is set to radically expand its east London estate after taking full control of Wood Wharf, a semi-derelict site adjacent to its existing estate. The company bought the 75 per cent stake it doesn’t already own from partner British Waterways and Irish property company Ballymore in a deal worth £90m. The site, [...]
House prices dip 0.4pc in May June 28, 2011 House prices in England and Wales fell by 0.4 per cent in May, data from the official Land Registry showed. Average residential property prices were 2.2 per cent lower than a year ago at £161,823, the Land Registry said. The only region in England and Wales to buck the downward trend was London which saw [...]
House prices dip 0.4pc in May June 28, 2011 House prices in England and Wales fell by 0.4 per cent in May, data from the official Land Registry showed. Average residential property prices were 2.2 per cent lower than a year ago at £161,823, the Land Registry said. The only region in England and Wales to buck the downward trend was London which saw [...]
Why buying property is no panacea September 8, 2011 ANYBODY interested in the housing market and in trying to preserve their wealth in these uncertain times should take a look at a fascinating new book. Safe as Houses: a Historical Analysis of Property Prices is full of useful facts – and a stark reminder that investing in residential property isn’t as sure a bet [...]
Fall in London house supply July 18, 2011 A DROUGHT of available residential property in London is propping up prices and rents, a survey in the capital revealed yesterday. June’s stock for sale was down 20 per cent on the previous year, while there was a 30 per cent fall in available rental properties, according to estate agents Douglas & Gordon. “The shortage [...]
RAPID RESPONSES April 11, 2012 Flight risk [Re: The economics of the airline industry are sheer hell, yesterday] I’m surprised David Crow has chosen to lump me in with Vijay Malya (the Indian entrepreneur behind Kingfisher Airlines) in his otherwise well observed critique of the modern airline industry. As the largest shareholder in easyJet I have, since 2008, been vocal [...]
Wealth destruction the new normal August 23, 2011 WEALTH preservation is now the name of the game in the West. The challenge, for most people, is not to make more money: it is to try and preserve what they have. Declining equity and property prices, ultra-low interest rates, lowish pay rises, elevated inflation and increasing taxes are combining to squeeze nearly everybody. This [...]
PROPERTY NEWS December 8, 2011 CITY IS BOOMING, SAYS REPORT Knight Frank has added the City of London and the City Fringe to its Prime London index, which includes neighbourhoods such as Knightsbridge, Belgravia, Chelsea and Kensington, citing an uplift in the supply of new high end properties, improved amenities and transport. Prices in the square mile have risen by [...]
Top London property set for Chinese takeaway in new Cordea Savills fund November 28, 2011 IN RECENT years it has been seen as the preserve of affluent Britons, Arab sheiks and Russian oligarchs. Now, however, more top London property could be snapped up by Far Eastern investors, including perhaps the Chinese Communist Party. Cordea Savills, the fund management arm of consultancy Savills, has launched a £150m fund that will buy [...]