PROPERTY NEWS March 22, 2012 GROSVENOR RENTS SHOW BUOYANT MARKET Property giant Grosvenor says it has secured a record rental price of £93 per sq ft for a prime property on Green Street in Mayfair, smashing the average area price of between £63-£65 per sq ft. The firm said the new tenants of the triplex apartments are European including one [...]
German fund spends £235m on Kings Place April 4, 2012 GERMAN fund manager Deka has bought the home of the Guardian newspaper in King’s Cross for £235m, property agent Savills said yesterday. Savills, which acted for Deka, said Deka Immobilien’s open-ended fund WestInvest InterSelect bought the seven-storey Kings Place building from developer Peter Millican in an off-market transaction. Property consultant DTZ represented the seller. Kings [...]
CRASH PADS May 24, 2012 For the City’s movers and shakers, it’s the million pound question: do you live in the town centre and save yourself hours of tedious, stressful commuting, safe in the knowledge that you own property in one of the world’s cultural hubs? Or, do you move to the commuter belt, get yourself a bigger house with [...]
Dubai nightlife gets an injection of Mayfair fun May 20, 2012 LONDON night owls tired of seeing the same old faces – and tired of the chill – might do well to make a trip to the United Arab Emirates. Die-hard City folk can easily feel an affiliation with Dubai thanks to an influx of club, bar and restaurant openings all mimicking the best of what [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 2, 2012 FINANCIAL TIMES Airline levy could aid UK border Two Democratic senators have turned up the political pressure on News Corp, reviving questions about whether a scandal at Rupert Murdoch’s UK newspapers could jump the Atlantic. Sen Jay Rockefeller of West Virginia has written to Lord Justice Leveson asking for any evidence that “troubling and sometimes [...]
Chakra: good but not great March 19, 2012 157-159 Notting Hill Gate, W11 3LF Tel: 020 7240 2078 FOOD *** SERVICE *** ATMOSPHERE ** Cost per person without wine: £50 WE hate it when our friends become successful,” lamented Morrissey back in 1992. “And if they’re Northern, that makes it even worse.” I have to disagree with the last part. In Birmingham, Manchester [...]
Chakra: good but not great March 19, 2012 157-159 Notting Hill Gate, W11 3LF Tel: 020 7240 2078 FOOD *** SERVICE *** ATMOSPHERE ** Cost per person without wine: £50 WE hate it when our friends become successful,” lamented Morrissey back in 1992. “And if they’re Northern, that makes it even worse.” I have to disagree with the last part. In Birmingham, Manchester [...]
Stagecoach buoyed by British rail performance March 1, 2012 Transport group Stagecoach said recent trade had been good, driven by strong growth at its rail businesses, and that it was hopeful of winning more rail franchises in Britain. “Overall current trading remains good and we believe the prospects for the group remain positive,” the company said in a statement on Thursday. “The overall profitability [...]
CapCo enjoys value hike and sells properties in West End February 29, 2012 CAPITAL & COUNTIES (CapCo), the owner of Covent Garden Market and Earl’s Court, has unveiled an 11.7 per cent hike in net asset value and the disposal of its West End properties. The listed developer reported a jump in NAV to 166p per share in 2011 thanks in part to a rise in its total [...]
Stagecoach in UK rail boost March 1, 2012 STAGECOACH profits are driving forward fuelled by a strong performance at its rail operations in Britain, it said. The FTSE 250 transport company said Virgin Rail, a joint venture in which it owns a 49 per cent stake, was “progressing its bid” for the new West Coast Trains rail franchise which was put up for [...]