All the world buys into London July 10, 2011 Office Space CENTRAL London looks set to be the prime beneficiary of a renewed appetite for direct investment into UK commercial property. The capital already tops the league table of largest global property investment markets, netting close on £11bn in 2010, significantly more than closest rivals Tokyo, Paris and New York. And the prospects for [...]
The big picture: London property July 10, 2011 Office Space IT’S a game of two halves for central London’s commercial property market: an early trip to the showers for the office sector, while the retail sector is playing into extra time. Across London’s core office pitches, from the financial zones of Canary Wharf and the City, to the media and head office blocks [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 29, 2011 FINANCIAL TIMES BRITISH LAND TO BUY RESIDENTIAL COMPLEX IN THE CITY British Land is in advanced talks to buy a City of London residential complex, in its first acquisition under a strategy to focus on the booming market for prime homes in the capital. The UK’s second-largest property company has agreed to buy Wardrobe Court [...]
Euro tycoons flee to London May 25, 2011 TYCOONS in Europe’s troubled southern periphery are buying up homes in London’s most affluent postcodes and shifting cash to the City’s banks as they flee the Eurozone debt crisis, according to new research. The proportion of non-British western Europeans buying prime residential property in London has risen to 14 per cent this year from 11 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 30, 2011 FINANCIAL TIMES CHRISTIAN CANDY TO RESELL GOLD SHARES Christian Candy, the property developer, is to sell shares back to minority investors in a gold mining company after his attempt to take the mine owner private was thwarted. The agreement is part of a deal that could strengthen the rights of small investors. It is set [...]
PROPERTY NEWS January 20, 2011 HYDE PARK PROPERTY FLOURISHING Over 55 per cent of the mega-luxe, much-hyped Hyde Park development the Lancasters (competing with the even-more hyped One Hyde Park), has been sold in advance of its opening in June, making developers Northacre the second best performing retail stock in Europe. Klas Nilsson, Northacre’s chairman, puts this down to “a [...]
PROPERTY NEWS December 9, 2010 DEMAND FOR PROPERTY AT QUARTER’S HIGH Demand for property is on the rise for the first time in four months, according to the National Association of Estate Agents. House-hunters increased in November, attracted to falling prices, while supply remains static. Close to Christmas, there are usually fewer sales to avoid family disruption; people also tend [...]
Ensuring the UK remains open for business November 14, 2010 The new Lord Mayor of the City of London will this evening outline his vision for creating a City of Choice AS THE new Lord Mayor of the City of London, I am well aware that decisions taken at home, in Europe and indeed across the world during the course of the next 12 months [...]
Stupid policies have destroyed Eire November 8, 2010 IT is starting to look truly grim for Ireland, which is moving ever closer to the abyss. An article yesterday by Morgan Kelly, a professor of economics at University College, Dublin, added fuel to the fire. By next year Ireland will have run out of cash, Kelly claimed, and the terms of a formal bailout [...]
Stupid policies have destroyed Eire November 8, 2010 IT is starting to look truly grim for Ireland, which is moving ever closer to the abyss. An article yesterday by Morgan Kelly, a professor of economics at University College, Dublin, added fuel to the fire. By next year Ireland will have run out of cash, Kelly claimed, and the terms of a formal bailout [...]