Cheesegrater skyscraper to get go ahead October 25, 2010 British Land is teaming up with Canada’s Oxford Properties to develop the Leadenhall Building in the City financial district, the second crisis-hit skyscraper project to be revived within a week. Britain’s second-largest property company yesterday said it had agreed terms to build the 47-storey scheme in a 50:50 joint venture with the real estate arm [...]
City property debts could spark sell-off October 19, 2010 CENTRAL London’s real estate market could be flooded by properties in the next three years as around £47bn of property-linked debt becomes due, a director at CB Richard Ellis suggested yesterday. Mike Edwards, an executive director in central London capital markets, told CBRE clients yesterday that debt-laden landlords could be forced to sell off commercial [...]
BUYING September 16, 2010 MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, there has been a fair amount of negative news in the papers relating to property prices. Do you think prices are going to crash again like they did in 2008? A.With so much conflicting data and house price indices, trying to determine what is happening with house prices [...]
PROPERTY NEWS July 22, 2010 SAVILLS’ PROPERTY AUCTION NEXT TUESDAY Bargain-hunting property investors rejoice. Next Tuesday sees Savills hold one of its residential auctions. There’s a tenanted three-bedroom flat in a portered block on Great Cumberland Place next to Marble Arch is starting at £380,000 and a derelict semi-detached house on the Chiswick High Road is also up for grabs, [...]
PROPERTY NEWS July 22, 2010 SAVILLS’ PROPERTY AUCTION NEXT TUESDAY Bargain-hunting property investors rejoice. Next Tuesday sees Savills hold one of its residential auctions. There’s a tenanted three-bedroom flat in a portered block on Great Cumberland Place next to Marble Arch is starting at £380,000 and a derelict semi-detached house on the Chiswick High Road is also up for grabs, [...]
Brussels is about to clobber the City May 16, 2010 HOW absurd. A successful British industry, one which even banker-bashers admit wasn’t responsible for the financial crisis, will this week be hammered by the European Union, marking the new government’s first foreign policy defeat and the latest blow to London’s prosperity. I’m of course referring to the EU’s attack on alternative investment managers, including hedge [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 12, 2010 FINANCIAL TIMES TOP CITY SKYSCRAPER FOR SALE Tower 42, the tallest occupied skyscraper in the City, will be put up for sale as booming prices return to London’s commercial property market. The 600ft former NatWest tower near the Bank of England is expected to fetch more than £300m ($461m) when its owners, Hermes Real Estate [...]
Giving investment clubs the personal touch March 18, 2010 IN these difficult economic times wealthy individuals have become intensely focused on wealth preservation, circling the wagons to protect what they have while continuing to look for opportunities to create new riches through canny investments. It was somewhat surprising then to find David Giampaolo in ebullient form this week as he prepares for the latest [...]
The sun is shining on property in the Med March 11, 2010 THIS year’s freezing winter may well have proved a tipping point in your decision to invest in a sunny property abroad – and it couldn’t have arrived at a better time. Possibly by the time the time London’s largest overseas property fair, A Place in the Sun (held at Earl’s Court) rolls around 26-28 Mar, [...]
British Land beats banks’ expectations February 9, 2010 BRITISH Land has boosted confidence in London’s “rocky” property market by delivering strong third quarter results. In the final three months of 2009 the value of the developer’s assets in the City rose by 8.2 per cent to £2.46bn and its net asset value per share by 18 per cent to 438p – substantially outperforming [...]