Focus on… Greenwich: Grass is always greener in Greenwich February 27, 2014 THE ROYAL Borough of Greenwich is a leafy haven bursting with heritage. Newly royal – the title was bestowed upon the town in 2012 – it was the birthplace of Tudor kings, the sanctuary of injured sailors, a popular holiday resort, and now the home of time itself. Like time, houses prices stand still for [...]
ABP establishes global headquarters in Newham February 6, 2014 The bosses of Advanced Business Park, the Chinese developer that wants to overhaul London’s Royal Albert Docks, unpacked their bags and moved into Newham today after a striking a deal to open new global headquarters there. At a formal signing ceremony this morning between ABP Chairman Xu Weiping and Mayor of Newham Sir Robin Wales [...]
The £20 million Easter egg hunt April 17, 2014 If you want to see a truly remarkable egg this Easter then make sure you head over to art and antiques dealer Wartski in Mayfair by 5pm today where the last surviving Third Imperial Faberge Easter Egg will have its final day of being on view to the public – just 8cm high, yet estimated [...]
London 2030: An optimist’s vision of the next urban renaissance April 1, 2014 LONDON faces acute problems of growth. We are building barely a third as many new homes as we need. Yet there is no credible plan for the other two-thirds. In 17 boroughs, the average rent is more than half the average wage, and the typical first time buyer is 32. Peak congestion is unbearable across [...]
Investors flood into TSB shares after low pricing June 9, 2014 Investors had placed orders for all of the TSB shares up for sale by yesterday evening, City A.M. understands. Yesterday morning the shares, amounting to 25 per cent of the new high street bank, were priced at between 220p and 290p each. The price would value the bank at between £1.1bn and £1.45bn, below the [...]
Chinese developer ABP sets up global headquarters in Newham February 6, 2014 THE BOSSES of Advanced Business Park (ABP), the Chinese developer that wants to overhaul London’s Royal Albert Docks, are to move into Newham today after a striking a deal to open global headquarters there. At a formal signing ceremony yesterday between ABP chairman Xu Weiping and Mayor of Newham Sir Robin Wales, the developer announced it [...]
Henderson loses Pennant-Rae to Royal London December 13, 2012 CITY grandee Rupert Pennant-Rea yesterday announced he was standing down as chairman of FTSE 250 money manager Henderson Group at the group’s next annual meeting. Pennant-Rea, 64, will move to take up the chairmanship of financial services firm Royal London Group following his departure from Henderson in March next year. His successor has yet to [...]
House sales hit six-year high as activity spreads across the UK April 9, 2014 PROPERTY sales have soared to their highest level in six years as the housing boom grips regions across the UK, a new survey by property experts revealed today. The Royal Institution of Chartered Surveyors (RICS) said the housing recovery is “well and truly underway” with buyers testing the market right across UK and not just [...]
Focus on… Stratford: Stratford’s racing to the finish line April 24, 2014 EVERYONE knows that the Olympic Games were held in Stratford, east London, nearly two years ago, but few people know it for much else. It’s true that, since the opening of Westfield Stratford City, millions of people go there to shop – but how many are looking to live there? Despite the pre-Olympics hype, house [...]
Foxton float set to value estate agent at £650m September 10, 2013 THE PLANNED stock market flotation of real estate agent Foxtons is over-subscribed, a source close to the process said yesterday, indicating interest in the offering may be outweighing any concerns that the London property market is looking overheated. The flotation of the London-focused group, due to happen later this month, has a price range of [...]