Manchester City owners to invest £1bn in 6,000-home project June 25, 2014 Abu Dhabi United Group (ADUG), the private equity firm that owns Manchester City Football Club, is set to build 6,000 houses in Manchester in a deal worth £1bn. The development will be part of a 10-year agreement with Manchester City council which will see the rejuvenation of several of the city's previously run down areas, [...]
Living in luxury in London… as a student? September 5, 2014 Students deserve better and they’re willing to pay for it. At least, this is what some of the country’s leading estate agents and developers are starting to realise, and they’re happy to oblige with a range of quality alternatives to traditional student digs. Gone are the days when students were expected to put up with [...]
Why the sharing economy could live up to the hype August 11, 2014 This was the summer the sharing economy truly hit London. First, we had black cabs bring Whitehall to a standstill with protests over the introduction of Uber, an app that allows you to call a cab wherever you are. Next, plans were announced to remove laws controlling short-term rentals, opening up the door for Airbnb [...]
Outside the box: SpaceWays founder David Fuchs talks unwanted cars, Mexico and sexiness October 26, 2014 Budding entrepreneurs will frequently tell you that it’s heartfelt passion driving them to set up a business. But the substance of many highly-successful companies isn’t all that exciting – think chipmakers, paper shredders, kebab boxes. “It’s not that I always dreamt of owning a storage business. Nobody does that. It’s not sexy to go [...]
Labour’s war on landlords April 30, 2014 LABOUR leader Ed Miliband will today announce his party’s controversial plans for a sweeping reform of the private rented sector, as he tries to win the votes of generation rent. The plans have been accused of defying economic logic by think tank the Institute of Economic Affairs, and will see Labour propose a national rent [...]
Quintain returns to profitability with strong focus on London May 23, 2014 Quintain Estates has returned to profitability, supported by the opening of the London Designer Outlet and sales of new homes at Wembley Park. The first release of 73 apartments have been sold for an average price of £570 per square foot. Today's results mark the first time the company has been back in the black [...]
Quintain returns to profitability with strong focus on London May 23, 2014 Quintain Estates has returned to profitability, supported by the opening of the London Designer Outlet and sales of new homes at Wembley Park. The first release of 73 apartments have been sold for an average price of £570 per square foot. Today's results mark the first time the company has been back in the black [...]
London pulls up average rent rise September 25, 2013 Figures published by the Office for National Statistics (ONS) have shown that private rents have gone up over the past year. In the 12 months to August 2013 private rental prices paid by tenants rose by 1.2 per cent. Excluding London, private rents in Great Britain rose by 0.8 per cent. Prices increased the most [...]
Top regulator to keep its eye on hedgie rate risk September 25, 2013 THE BANK of England’s new superregulator will keep a close eye on potential vulnerabilities at hedge funds and in the UK housing market, it said yesterday, despite playing down the risk of a housing bubble. Hedge funds may be particularly vulnerable to sharp upward movements in long-term interest rates, the Bank’s financial policy committee (FPC) [...]
Room-letting app Airbnb hits $10bn valuation March 20, 2014 AIRBNB, the online marketplace that allows homeowners to rent spare rooms from a mobile app, is in late-stage funding discussions that would give the company a valuation of $10bn (£6.05bn). The fundraising round, which is reported to include TPG Capital Management, would place Airbnb on a list of tech start-ups that have recently achieved a [...]