Broadgate: symbol of red tape Britain June 6, 2011 ON the face of it, it is hardly a major story that English Heritage wants to list the Broadgate office and retail estate in the City, a rather ugly 1980s construct in desperate need of modernisation. It is, however, a deeply symbolic move that confirms not only that Britain isn’t open for business but that [...]
Broadgate: symbol of red tape Britain June 5, 2011 ON the face of it, it is hardly a major story that English Heritage wants to list the Broadgate office and retail estate in the City, a rather ugly 1980s construct in desperate need of modernisation. It is, however, a deeply symbolic move that confirms not only that Britain isn’t open for business but that [...]
Grainger is upbeat on residential October 5, 2010 The largest quoted housing landlord, Grainger, said yesterday it expects the valuation of its cornerstone residential property portfolio to outperform the market when it issues its full-year results in late November. Chief executive Andrew Cunningham said the 13,000-property portfolio, about half of which is in London and the south east of England, would benefit from [...]
Luxury names sign for One Hyde Park November 7, 2010 OPULENT brands Rolex and Chanel are on the verge of signing a deal to take the final two shops at One Hyde Park, the £1bn London development by Nick and Christian Candy. British watchmaker Rolex is believed to have signed for the second retail space in the development, which is slated as London’s most expensive [...]
At a glance: All the crucial points from Osborne’s Budget for Growth March 23, 2011 THE ECONOMY/PUBLIC FINANCES The Office for Budget Responsibility (OBR) has revised its growth forecast for the economy, blaming higher-than-expected inflation as a result of recent global commodity price shocks and the weather-affected final quarter of 2010. GDP growth has been revised down to 1.7 per cent in 2011. Growth is expected to peak at 2.9 [...]
PROPERTY NEWS October 14, 2010 HARRODS ESTATES’ PROPERTY ACQUISITION SERVICE Luxury real estate division Harrods Estates has this week launched a bespoke property acquisition services which is intended to help clients who may be too busy or who want to maintain their privacy through the whole home buying process, from the initial search to contract exchange and completion. The service [...]
PROPERTY NEWS March 31, 2011 PYRENEES SECOND HOMES PRICES SET TO SOAR A new flight path from London City to Pau, France is getting property agents excited. Andrew Hawkins of Chesterton Humberts says: “This will make the already popular area more accessible, making it more attractive for buyers.” Prices there are currently lower than Provence and the Cote D’Azur, so [...]
Kaupthing search widens March 29, 2011 POLICE working on the investigation into Iceland’s failed Kaupthing Bank raided five addresses yesterday, including the bank owned by the family of former Tory Party treasurer David Rowland. In a joint operation between the UK’s Serious Fraud Office (SFO), the Icelandic Special Prosecutor’s Office and Luxembourg police, more than 70 investigators searched three businesses and [...]
Catlin forecasts quake losses March 10, 2011 INSURER Catlin yesterday said losses related to February’s New?Zealand earthquake would total around $125m (£78m). The group said it would be months before the total amount of insured damage from the 6.3 magnitude earthquake could be assessed with precision. The catastrophe killed more than 150 people and caused considerable and significant structural damage to both [...]
Vincent Tchenguiz’s Peverel in administration March 14, 2011 Embattled tycoon Vincent Tchenguiz’s property management company Peverel has entered administration after failing to repay a loan. Bank of America Merrill Lynch demanded repayment within 24 hours of a £124.6m loan plus £11.4m in accrued interest, another Vincent Tchenguiz company, Consensus Business Group, said in a statement. The demand, on March 10, came just a [...]