Crest Nicholson halts opening of new division as forward sales slow November 17, 2022 British housebuilder Crest Nicholson has halted the opening of its third new division as interest rates dampen the desire to buy a home. The FTSE250 housebuilder is not the first to voice caution over rising rates, which have pushed up mortgage costs for many – deterring Brits from jumping onto the property ladder. Forward sales [...]
UK restores housebuilding targets and sets out green belt review in planning push July 30, 2024 Keir Starmer and Rachel Reeves’ Labour government has unveiled a series of reforms to the planning system, including a review of the green belt, to help address “the most acute housing crisis in living memory.” Under new policies confirmed today, local authorities will again be given mandatory housing targets to help “pave the way” to [...]
Why London’s commercial property sector is finally booming back May 23, 2024 After a torrid few years, sentiment in London’s commercial property market appears to be improving.
Shops’ tax bill 755 per cent higher than online rivals amid war of words over sales tax May 23, 2022 Traditional brick and mortar retailers pay 755 per cent more – almost eight times – than their online rivals in business rates tax. The figures come after Sainsbury’s and Marks and Spencer execs have voiced differing opinions over the prospect of an online sales tax. Fresh analysis by real estate advisor Altus Group has found [...]
Meet the founder on a mission to take away your plastic water bottle February 13, 2024 Anthony Newman was convinced Londoners would ditch plastic water bottles if they had an alternative. The founder of Ape2o was onto something, Jennifer Sieg finds, in our latest founder spotlight.
The Notebook: Tim Rodber on the office of the future, English rugby’s warm-up campaign and the biggest workplace trend September 6, 2023 Tim Rodber is CEO of The Instant Group, a workspace consultancy, and played rugby union for Northampton, England and the Lions The future office exists, but it’s had a makeover We are in the midst of a workplace revolution and the traditional world of office landlords and tenants operating in an almost feudal relationship is [...]
Largest Roman mosaic found in London for over 50 years February 22, 2022 Archaeologists from MOLA (Museum of London Archaeology) have discovered a mosaic that was once the floor of a Roman dining room, in a “once-in-a-lifetime find”. Situated near The Shard, the uncovered mosaic features two decorated panels set within a red tessellated floor. The design – which features lotus flowers and a pattern known as Solomon’s [...]
Coronavirus: Landsec scraps dividend as rent payments fall April 2, 2020 Retail and office space landlord Landsec suffered a drop in rent payments last month due to the outbreak of coronavirus. Landsec, which this morning scrapped its interim dividend, said 65 per cent of the rent due on 25 March had been paid by the end of the month, compared to 96 per cent the previous [...]
Only 10 per cent of office space in use during lockdown, says Landsec May 12, 2020 Property landlord Landsec said only 10 per cent of its office space is currently being used as most employees are working from home during the coronavirus crisis. The property company, which this morning revealed a £1.2bn hit to the value of its portfolio, said the office sector had seen a “less pronounced immediate impact” compared [...]
Landsec shares dive after £1.2bn wiped off property value during coronavirus crisis May 12, 2020 Landsec’s share price plunged this morning after the property giant revealed it had taken a £1.2bn hit to its portfolio value. Landsec, one of the UK’s largest property companies, also warned that it does not expect the economy to recover until at least 2022. The value of the company’s portfolio slumped 8.8 per cent to [...]