London & Stamford to invest £1bn May 26, 2011 BRITISH property investor London & Stamford yesterday said it saw investment opportunities in retail, logistics and London residential for its £1bn war chest, after reporting a rise in 2010 net asset value (NAV). The company, which moved from the London Stock Exchange’s junior AIM market to the main board last October, said its NAV per [...]
London & Stamford to invest £1bn May 26, 2011 BRITISH property investor London & Stamford yesterday said it saw investment opportunities in retail, logistics and London residential for its £1bn war chest, after reporting a rise in 2010 net asset value (NAV). The company, which moved from the London Stock Exchange’s junior AIM market to the main board last October, said its NAV per [...]
INTERIORS May 5, 2011 Tim Hassell DIRECTOR OF CENTRAL LONDON LETTINGS FIRM DRAKER LETTINGS, SPECIALISING IN BELGRAVIA, CHELSEA, KENSINGTON AND PIMLICO Q. I have received an offer on my property from a tenant who has a dog. Should I allow tenants to have pets? A. Generally pets such as dogs or cats can cause a lot of wear and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 29, 2011 FINANCIAL TIMES BRITISH LAND TO BUY RESIDENTIAL COMPLEX IN THE CITY British Land is in advanced talks to buy a City of London residential complex, in its first acquisition under a strategy to focus on the booming market for prime homes in the capital. The UK’s second-largest property company has agreed to buy Wardrobe Court [...]
Firms set up housebuilder loans May 22, 2011 Specialist property financiers Pluto Capital and Mountgrande Investment Management have set up a £50m fund to finance housing projects in London and the south-east, the firms said yesterday. Pluto Finance, the fund manager, expects to provide mezzanine loans over the next three years in a bid to bridge the funding gap in residential projects left [...]
Landlords reap rewards as rents hit a record high May 19, 2011 LONDON rental prices have shot up by almost eight per cent over the last year, hitting their second-highest level on record and boosting landlords’ total annual returns above five per cent. The average monthly rent in London is now £988 – just £4 below its all-time high of £992 in November last year. Prices have [...]
Landlords reap rewards as rents hit a record high May 19, 2011 LONDON rental prices have shot up by almost eight per cent over the last year, hitting their second-highest level on record and boosting landlords’ total annual returns above five per cent. The average monthly rent in London is now £988 – just £4 below its all-time high of £992 in November last year. Prices have [...]
Buyout group fights back in care home crisis row June 2, 2011 THE PRIVATE equity industry yesterday hit back at claims it was responsible for Britain’s care home crisis. US private equity firm Blackstone, which owned Southern Cross from 2004 to 2006, has been criticised for the care home operators’ financial woes. But the British Venture Capital Association (BVCA) defended the firm yesterday, saying the accusations were “based [...]
AIR predicts US storm losses May 9, 2011 Insured losses from the tornadoes that devastated the US south last month are likely to reach between $3.7bn (£2.3bn) and $5.5bn, risk modelling consultancy AIR Worldwide said yesterday. The windstorms have killed an estimated 354 people to date in seven US states. The loss will be predominantly from destruction of both residential and commercial property, [...]
Ronson’s new home for Guildhall School of Music reaches milestone May 19, 2011 THE CITY’S Lord Mayor and property tycoon Gerald Ronson yesterday celebrated the completion of the frame of the new Guildhall School of Music & Drama on Silk Street. The school’s new home will make up the bottom two floors of The Heron residential tower, which is due to complete in 2013. Almost two-thirds of the [...]