£1bn That’s how much property experts say Chelsea will have to fork out if they want to leave Stamford Bridge and move to Earls Court November 9, 2010 CHELSEA would have to pay around £1bn to buy up the land around the Earls Court exhibition centre and build a new 60,000 seater stadium, City A.M. has learnt, if they decided to press ahead with a proposal to move from Stamford Bridge. The west London club’s chief executive Ron Gourlay and company secretary Alan [...]
£1bn That’s how much property experts say Chelsea will have to fork out if they want to leave Stamford Bridge and move to Earls Court November 9, 2010 CHELSEA would have to pay around £1bn to buy up the land around the Earls Court exhibition centre and build a new 60,000 seater stadium, City A.M. has learnt, if they decided to press ahead with a proposal to move from Stamford Bridge. The west London club’s chief executive Ron Gourlay and company secretary Alan [...]
Lloyds sells off property May 9, 2010 BRETT Palos, the stepson of Sir Philip Green, has added more than 500 apartments to his property portfolio after successfully buying them in a £400m deal with Lloyds Banking Group. The deal is likely to kick start a string of residential sales from the banks as they look to reduce their exposure to the property [...]
Nationwide profits up after cost cuts November 23, 2010 NATIONWIDE Building Society’s profits rose 26 per cent to £147m in the first half of 2010, from £117m the previous year, as it cut costs and reduced loan impairment charges. Pre-tax profits rose 83 per cent to £259m in the six months to 30 September 2010, from £143m in the same period in 2009. Impairment [...]
BUYING October 21, 2010 RUSSELL HUNT MANAGING DIRECTOR, PROPERTY HUNT Q.Dear Russell, I am a first-time buyer, please can you advise me on the buying process? A.Before you have found a property and agreed to buy, you need to make sure that you have your finances all in place. It is also really important to have your solicitor set [...]
US announces state probe of practices among mortgage firms October 13, 2010 All 50 US states yesterday launched a joint investigation of the mortgage industry, a move some experts fear will cause uncertainty and threaten the recovery of the fragile housing market. The state attorneys general are looking at allegations some banks used shoddy or fraudulent paperwork to remove struggling borrowers from their homes during a foreclosure [...]
US announces state probe of practices among mortgage firms October 13, 2010 All 50 US states yesterday launched a joint investigation of the mortgage industry, a move some experts fear will cause uncertainty and threaten the recovery of the fragile housing market. The state attorneys general are looking at allegations some banks used shoddy or fraudulent paperwork to remove struggling borrowers from their homes during a foreclosure [...]
FOXTONS FOUNDER PLOTS HOUSING PROJECT September 13, 2010 Property mogul Jon Hunt (inset) has launched an investment firm, Bacchus Partners, to fund the development of hundreds of residential schemes in the southeast. Hunt will use part of the £370m he netted from selling estate agent Foxtons to private equity firm BC Partners at the top of the housing market in 2007. Hunt will [...]
FOXTONS FOUNDER PLOTS HOUSING PROJECT September 13, 2010 Property mogul Jon Hunt (inset) has launched an investment firm, Bacchus Partners, to fund the development of hundreds of residential schemes in the southeast. Hunt will use part of the £370m he netted from selling estate agent Foxtons to private equity firm BC Partners at the top of the housing market in 2007. Hunt will [...]
Q&A: SELLING June 3, 2010 Russell Hunt MANAGING DIRECTOR, PROPERTY HUNT Q. Dear Russell, is it easier to get a mortgage now and what’s the best way for me to go about getting one? A.It is certainly still difficult for individuals to get a mortgage but lending is starting to pick up. However, mortgage lenders are tending to be more [...]