Heron hotel to go ahead January 11, 2011 GERALD Ronson’s property firm Heron International has been granted planning permission to build a sibling skyscraper for its 46-storey Heron Tower near Liverpool Street, it announced yesterday. The 43-storey building will contain a hotel and residential complex run by the Four Seasons, and will cost over £500m to build. The City of London has approved [...]
HEADACHE FOR AVIVA INVESTORS OVER THEIR LIBYAN LANDLORD March 2, 2011 INTERESTING times at 14 Cornhill, the commercial property with a prime location opposite the Bank of England. Its owner has become embroiled in a little local difficulty involving global asset freezing. The Libyan Investment Authority (LIA), the sovereign wealth fund that administers the troubled country’s oil billions, has owned 14 Cornhill since December 2009, when [...]
Property’s mixed prospects in 2011 January 26, 2011 PROPERTY price indices suggest house prices are falling again, but what are the prospects for home owners and property investors? UK house prices fell 0.9 per cent in the final three months of 2010 and were down 1.3 per cent between November and December, the Halifax index shows. Some analysts expect them to fall further, [...]
Property’s mixed prospects in 2011 January 26, 2011 PROPERTY price indices suggest house prices are falling again, but what are the prospects for home owners and property investors? UK house prices fell 0.9 per cent in the final three months of 2010 and were down 1.3 per cent between November and December, the Halifax index shows. Some analysts expect them to fall further, [...]
Changes to insurance regime could mean a PII revolution February 22, 2011 SOLICITORS are dealing with a number of challenges that threaten the futures of many within the legal profession. The recession has affected everyone and solicitors are no exception. Corporate lawyers aren’t seeing the deals that used to see them working into the early hours of the morning and the property lawyers have seen their conveyancing [...]
Changes to insurance regime could mean a PII revolution February 22, 2011 SOLICITORS are dealing with a number of challenges that threaten the futures of many within the legal profession. The recession has affected everyone and solicitors are no exception. Corporate lawyers aren’t seeing the deals that used to see them working into the early hours of the morning and the property lawyers have seen their conveyancing [...]
Grainger sales fall as it reshapes debt February 9, 2011 LANDLORD Grainer yesterday said its sales pipeline has dropped £20m year-on-year, and that it has taken steps to streamline its debt with a £100m facility with M&G Investments, an arm of Prudential. FTSE 250 member Grainger, the UK’s largest listed housing landlord, yesterday said that sales between October and January dropped 32 per cent by [...]
Why I’m bearish about house prices August 5, 2010 ONE of the big lessons of the recession – and of several previous downturns, including Britain’s crisis in the early 1990s and the secondary banking crisis of the 1970s – is just how important property is to modern economies. Bubbles in housing or commercial property are invariably devastating; they almost always take the economy down [...]
Builder of the Gherkin to move into house market December 9, 2010 NORDIC building firm Skanska launched a UK housebuilding arm yesterday in an effort to cash in on what it sees as a gap in supply. The builder of the Gherkin and Heron Tower skyscrapers said it hopes to sell 800 homes a year by 2015. “The financial crisis and the dramatic decline in the housing [...]
Builder of the Gherkin to move into house market December 9, 2010 NORDIC building firm Skanska launched a UK housebuilding arm yesterday in an effort to cash in on what it sees as a gap in supply. The builder of the Gherkin and Heron Tower skyscrapers said it hopes to sell 800 homes a year by 2015. “The financial crisis and the dramatic decline in the housing [...]