Minerva values rise but lettings remain elusive February 22, 2011 PROPERTY developer Minerva remained tight-lipped over possible tenants for its Walbrook and St Botolph developments yesterday, as it reported a 6.2 per cent rise in net asset value. The London-focused firm made £10.4m profit in the last six months of 2010, while the value of its properties rose 3.2 per cent to £1.2bn “Our short [...]
Minerva values rise but lettings remain elusive February 22, 2011 PROPERTY developer Minerva remained tight-lipped over possible tenants for its Walbrook and St Botolph developments yesterday, as it reported a 6.2 per cent rise in net asset value. The London-focused firm made £10.4m profit in the last six months of 2010, while the value of its properties rose 3.2 per cent to £1.2bn “Our short [...]
PROPERTY NEWS February 10, 2011 HEATHROW GETS PROPERTY BOOST The regeneration of West London’s “Heathrow Quarter” has been given a further boost by the launch of The Hurley Apartments at St George’s innovative Parkwest development. The anticipated arrival of Crossrail is giving this up-and-coming area an added edge, and investors in The Hurley’s apartments can look forward to a rental [...]
Foyles plans new flagship branch in Charing Cross February 27, 2011 FOYLES plans to move its flagship Charing Cross bookshop after its property holding company bought a nearby building. Noved Investment Holdings has snapped up 107-109 Charing Cross Road, currently home to the Central St Martins School of Art, and the bookseller hopes to refurbish and move within two years. Architects at Lifschutz Davidson Sandilands have [...]
Tchenguiz on attack after firm collapses March 14, 2011 EMBATTLED tycoon Vincent Tchenguiz has blamed last week’s Serious Fraud Office (SFO) raid for a series of actions which led to his property management company, Peverel Group, entering administration after failing to repay a loan. Bank of America Merrill Lynch demanded repayment within 24 hours of the raid of a £124.6m loan plus £11.4m accrued [...]
Caan eyes luxury houses as he teams up with K10 September 20, 2010 James Caan, the entrepreneur best known for his role in the BBC TV programme Dragon’s Den, has joined forces with Kam Babaee of K10 Developments to launch Hamilton Bradshaw Real Estate (HBRE). The new venture aims to combine Caan’s investment insight with the K10 Developments’ experience in high-end central London development to become the market [...]
Flats for the Eurocrat: a Brussels bargain October 7, 2010 IF YOU’RE moving to Brussels, it’s unlikely to be for the Belgian beer, the moules-frites and the chocolates. Most Britons relocate to the Belgian capital for work and join the 100,000-strong expat community of European Union workers, lobbyists and lawyers for at least a year or two. While most expats tend to rent when they [...]
PROPERTY NEWS August 12, 2010 SOLD! THE UK’S MOST EXPENSIVE HOME A penthouse in One Hyde Park, the lavish development in Knightsbridge, has entered the record books as the most expensive residential property in Britain – and, according to some estimates, the world – having been sold for £140m. The six bedroom apartment is spread over two floors with bullet [...]
FUND MANAGEMENT NEWS September 21, 2010 NEW CHINESE ESG INDEX LAUNCHED Provider of sustainability ratings and indexing solutions ECP International has teamed up with China Securities Index to create the CSI ECPI China Environmental and Social Governance 40 Equity Index. The first of its kind, the index identifies the 40 highest ESG-rated companies amongst the Chinese SSE180 Corporate Governance Index and [...]
CITY MOVES | WHO’S SWITCHING JOBS February 10, 2011 Alvarez & Marsal The global independent professional services firm, today announced the appointment of Stuart Ells, a seasoned media and entertainment expert, to its European performance improvement business. His arrival marks the formation of a specialist media & entertainment team focused on supporting both corporates and portfolio companies of private equity firms in this sector, [...]