Grainger expects sales to rise despite tough market April 14, 2011 GRAINGER, Britain’s largest residential property owner, said it expects completed sales from its UK assets to be worth £89m for the six months to 31 March, up £1m compared to last year. The Newcastle-based company’s trading update showed that the value of its portfolios of UK residential and development operations will increase by around two [...]
Grainger expects sales to rise despite tough market April 14, 2011 GRAINGER, Britain’s largest residential property owner, said it expects completed sales from its UK assets to be worth £89m for the six months to 31 March, up £1m compared to last year. The Newcastle-based company’s trading update showed that the value of its portfolios of UK residential and development operations will increase by around two [...]
MEET THE ADVISER April 11, 2011 BRONSON ALBERY JP MORGAN CAZENOVE BRONSON Albery, director at JP Morgan Cazenove, is leading a team from the investment bank as the sole banking adviser on the deal. Albery, who studied at the London Business School, is a real estate specialist who has been familiar with Pinewood Shepperton for a number of years, having advised [...]
PROPERTY NEWS September 8, 2011 CHARLIE CHAPLIN’S CHILDHOOD HOME FOR SALE Charlie Chaplin’s home in 1889 at Methley Street in Kennington has just come onto the market for the first time in over a decade. Boasting its official blue plaque, this pretty brick-fronted mews house was Chaplin’s home during his early childhood and is a part of the “Charlie Chaplin [...]
PROPERTY NEWS September 29, 2011 BUYING NOW CHEAPER THAN RENTING Falling house prices and increasing rental demand has made it cheaper to buy than rent in 45 of the 50 largest towns across Britain. The cost of renting is now 13 per cent higher on average than the cost of owning, according to the latest research from property website Zoopla.co.uk. [...]
BEST OF THE BROKERS April 20, 2011 BERKELEY GROUP HSBC has upgraded the housebuilder’s rating from “neutral” to “overweight” and has raised its target price by 340p to £12.30. The broker has raised its forecasts and ratings for a number of British residential property firms after government support for new builds in the Budget and a growing resilience in prices. HSBC sees [...]
St Modwen says trading is on course September 28, 2011 UK REGENERATION specialist St Modwen Properties said yesterday it was making good progress in a tough climate, as rental income, trading profits and cashflow all stayed in line with management expectations. “We continue to make good progress in the year to date. Even in this challenging market,” said Bill Oliver, chief executive of St Modwen. “We [...]
St Modwen says trading is on course September 28, 2011 UK REGENERATION specialist St Modwen Properties said yesterday it was making good progress in a tough climate, as rental income, trading profits and cashflow all stayed in line with management expectations. “We continue to make good progress in the year to date. Even in this challenging market,” said Bill Oliver, chief executive of St Modwen. “We [...]
Etalon aims to raise up to $650m in London float April 4, 2011 RUSSIAN property developer Etalon started its European investor roadshow yesterday ahead of its bigger-than-expected $650m (£403m) London float planned for later this month. Etalon said yesterday it plans to offer its stock at between $7 to $9 per share – valuing the firm at between $2.06bn and $2.51bn. The company, which develops high-end residential properties [...]
Etalon aims to raise up to $650m in London float April 4, 2011 RUSSIAN property developer Etalon started its European investor roadshow yesterday ahead of its bigger-than-expected $650m (£403m) London float planned for later this month. Etalon said yesterday it plans to offer its stock at between $7 to $9 per share – valuing the firm at between $2.06bn and $2.51bn. The company, which develops high-end residential properties [...]