While you’re in the City soak up the atmosphere and the history October 27, 2010 FOR centuries St Paul’s, and not the Stock Exchange, was where the City’s activity and bustle reached its highest pitch. A seventeenth century writer wrote of it that “the noyse in it is like that of Bees, a strange humming or buzze, mixt of walking, tongues and feet: It is a kind of still roar [...]
We need to enhance London as a business hub August 8, 2010 LAST week, British Land and Blackstone agreed a deal to build the City of London’s largest office building to house the new European headquarters of UBS. And whilst we are still very early in the planning process – no formal application has been made – the City of London has, as always, been liaising with [...]
Financial companies left behind in upturn July 11, 2010 STRESS levels are mounting at financial services firms even as corporates across the board begin to recover, according to the latest monthly City A.M./Begbies Taynor health monitor for the Square Mile. While companies in Greater London showed a marked improvement in June, with 23 per cent fewer suffering from serious problems, woes continued to pile [...]
Pubs enjoy boost from England win June 24, 2010 CITY pubs were celebrating a bumper day’s trading on Wednesday after England beat Slovenia to reach the knock-out stages of the World Cup. The streets of the Square Mile were packed from 3pm onwards as some took a half day of leave to watch the game and others chose to stay in the pub celebrating [...]
Beltane to buy its first property June 27, 2010 BELTANE Asset Management has bought Pellipar House in Cloak Lane for an undisclosed sum. The investment and asset management company acquired the property near Cannon Street in an off-market transaction from ING. It is the first purchase for the firm, which was set up by Johathan Chenery and Duncan Roe earlier this year. The building [...]
Beltane to buy its first property June 27, 2010 BELTANE Asset Management has bought Pellipar House in Cloak Lane for an undisclosed sum. The investment and asset management company acquired the property near Cannon Street in an off-market transaction from ING. It is the first purchase for the firm, which was set up by Johathan Chenery and Duncan Roe earlier this year. The building [...]
City property deals top £1bn during last quarter, thanks to foreign buyers July 12, 2010 OVERSEAS investors looking for stable assets ratcheted the value of commercial property deals in the City by 57 per cent to £1.1bn in the last quarter, according to research published yesterday. A further £1.1bn worth of property in the Square Mile and Docklands is under offer with sales set for the third quarter of 2010, [...]
CITY EYE June 10, 2010 OVER 2,700 eager fun runners packed the streets of the City yesterday for the annual 6km Crisis Square Mile Run, raising money for the homeless charity. This year, the men’s race was run by Paul Maretelleti in 22 minutes 59 secs and the ladies’ race by Crisis volunteer Ros Ponder in 28 minutes 10 seconds. [...]
FINANCE BOSS SAYS SORRY FOR HITLER GAG August 18, 2010 AN UPDATE on the saga of Stephen Schwarzman, the Blackstone Group chief executive who ruffled a feather or two recently by comparing the plight of the private equity industry to the Second World War. The ever-outspoken Schwarzman, peeved at the ongoing battle between US politicians and the sector over increasing its tax burden, claimed: “It’s [...]
British Land shifts focus to West End July 5, 2010 DEVELOPER British Land is “tweaking” its property portfolio by extending its West End presence because of financial uncertainty in the City, the company said yesterday. The switch will see the company concentrate on areas where rents are holding up. British Land is planning to spend £330m to redevelop a property on Baker Street that it [...]