New venture for ex-Morgan Stanley man March 22, 2010 JONATHAN Chenevix-Trench, once investment bank Morgan Stanley’s most powerful executive in Europe, has stepped back onto the business radar by setting up an investment company focused on sub-Saharan Africa. Chenevix-Trench formerly spent 23 years at the bank, latterly as chairman of Morgan Stanley International. He left after the promotion he had been coveting – to [...]
Real estate group Heron wins a £115m loan facility for City flats July 20, 2010 REAL estate group Heron International has secured a £115m loan facility to finance the construction of The Heron, its residential development near the Barbican. The company said the financing is being provided by Santander, HSBC and Investec, and is the first facility for any significant speculative residential build since the credit crisis. The property giant [...]
PROPERTY FIRM OF THE YEAR | September 8, 2010 THE City’s skyline is changing. Skyscrapers are springing up – okay, more slowly than before, but they are coming. Added to that the commitment to opening retail space and the whole character of the Square Mile is changing. At a time when it might have been easier to abandon their projects, they have shown confidence [...]
Northacre losses up as projects shelved July 21, 2010 PROPERTY developer Northacre suffered pre-tax losses of £3.9m last year, though the firm softened the blow by selling off several assets including the Kensington Odeon and taking advantage of rising property values. The central London specialist blamed a lack of confidence in the lending market for its difficulty in securing work, which has spread to [...]
PROPERTY NEWS August 5, 2010 £50M TO FUND AFFORDABLE HOUSING The Mayor of London and London Homes and Communities Agency (HCA) have approved the funding for 16 schemes aimed at providing 518 affordable homes. The schemes’ future was uncertain after the election but have now received a guarantee of a £50m cash injection. Nine new-build projects that will receive some [...]
PROPERTY NEWS August 5, 2010 £50M TO FUND AFFORDABLE HOUSING The Mayor of London and London Homes and Communities Agency (HCA) have approved the funding for 16 schemes aimed at providing 518 affordable homes. The schemes’ future was uncertain after the election but have now received a guarantee of a £50m cash injection. Nine new-build projects that will receive some [...]
DO YOU EXPECT THERE TO BE A DOUBLE-DIP IN THE UK HOUSING MARKET? July 18, 2010 IVOR DICKINSON | DOUGLAS & GORDON “Supply of property in London has been rising steadily since January as vendors try to take advantage of rising prices. And demand has remained consistent and we now have almost three buyers for every property. With the market in relative utopia, we are not expecting a double dip.” LUCIAN [...]
DO YOU EXPECT THERE TO BE A DOUBLE-DIP IN THE UK HOUSING MARKET? July 18, 2010 IVOR DICKINSON | DOUGLAS & GORDON “Supply of property in London has been rising steadily since January as vendors try to take advantage of rising prices. And demand has remained consistent and we now have almost three buyers for every property. With the market in relative utopia, we are not expecting a double dip.” LUCIAN [...]
Good results help Minerva February 23, 2010 Minerva completed an astonishing turnaround yesterday as it reported healthy profits, pointing to a sea change in the UK commercial property market. The real estate giant behind the iconic Walbrook building on Cannon Street reported after-tax profits of £45.6m for the second half of last year, compared to a loss of £186.7m in 2008. The [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 13, 2010 FINANCIAL TIMES BEEF PRICE SURGES FOLLOWING HARSH US WINTER Beef prices are soaring after cattle failed to fatten up during the harsh US winter and cash-strapped ranchers culled herds to cope with the recession. Cattle futures have risen more than 20 per cent since December and are again flirting with $1 a pound, a milestone [...]