Etalon joins the ranks of the Russian IPO hopefuls March 23, 2011 PROPERTY developer Etalon yesterday became the latest Russian firm to announce a public float in London, after the family-owned business said it planned to sell off some of its stake later this year. Etalon, which builds residential property in Moscow and St Petersburg, said it planned to issue around $500m (£307.8m) of new shares and [...]
PROPERTY NEWS August 25, 2011 NEW HOMES COMING TO CLAPHAM A new residential development on St. John’s Hill, Clapham, opens its showrooms on 3 September. Developed by Loncor Homes, the Lismore comprises 14 two and three bedroom apartments and a high-specification three-bedroom townhouse. Contact: Hamptons International on 020 7758 8488 or go to www.hamptons.co.uk RENT TO RISE AGAIN BY CHRISTMAS [...]
PROPERTY NEWS March 17, 2011 OPEN HOUSE DAY AT STRUTT & PARKER The estate agents Strutt & Parker will be opening the doors of properties across the UK for buyers on 26 March. Prospective buyers will be able to view a range of properties, from quaint cottages to grand manor houses, in a relaxed, pressure-free environment, from 10am to 4pm. [...]
PROPERTY NEWS March 17, 2011 OPEN HOUSE DAY AT STRUTT & PARKER The estate agents Strutt & Parker will be opening the doors of properties across the UK for buyers on 26 March. Prospective buyers will be able to view a range of properties, from quaint cottages to grand manor houses, in a relaxed, pressure-free environment, from 10am to 4pm. [...]
Great Portland swoops on two London offices September 12, 2011 GREAT Portland Estates unveiled plans yesterday to expand into London’s West End by buying two properties for more than £250m. The London property developer has agreed to buy a 2.3-acre site near Oxford Street from the Royal Mail Group for £120m in cash – its largest deal to-date. Royal Mail will lease back the site [...]
London prices help to boost Savills profit August 18, 2011 GLOBAL economic and social problems could hit property broker Savills, its chief executive warned yesterday, despite seeing values for the best properties hold up in London and Asia. Jeremy Helsby shrugged off the commercial impact of the recent riots on Savills and said the firm had won new work for London properties worth more than [...]
LONDON & STAMFORD SEALS £100M FINANCING August 23, 2011 London & Stamford, the property investor, said it has completed the £100m refinancing with Santander Corporate Banking and DekaBank against a number of its City of London office assets acquired over the past three years. The property company, which moved from London’s junior Alternative Investment Market to the main board last October, was set up [...]
BEST OF THE BROKERS March 23, 2011 DEUTSCHE TELEKOM Goldman Sachs rates the telecoms group “neutral”, up from “sell”, with a target price of €10.90 (£9.47). The broker thinks the possible sale of T-Mobile USA will be positive for the firm even if it doesn’t go ahead, given the $3bn cash and spectrum assets promised in the break clause. The sale would [...]
City sales set to net £250m for Ireland August 30, 2011 A NUMBER of major City property developments are expected to come up for grabs for £250m when a long-awaited sale by Irish investors begins next month. Among the buildings ready to be sold it 107 Cheapside, the upmarket development near St Paul’s Cathedral. The office and retail building, opened three years ago, was developed by [...]
Housing market faces years of gloom April 26, 2011 IT may not feel that way in some parts of Greater London but the housing market remains stuck in the doldrums. This is not surprising: the great housing bubble of the noughties hasn’t finished deflating yet. The readjustment process is continuing, with prices falling in real terms – and there is still a decent way [...]