Property Entrepreneurs: Jake Willis, co-founder of London Shared, on the changing rental market and moving online April 14, 2016 There’s been lots of talk recently about house sharing as a way for young professionals to afford life in central London. And while the concept’s not new, there are few ways to make it simple. Many renters end up advertising rooms and interviewing potential housemates, feeling the heat as landlords demand full rent from day [...]
Camden market owner to raise £112m in bonds March 24, 2015 MARKET Tech Holdings, the owner of the iconic Camden Market and run by Israeli entrepreneur Teddy Sagi, said yesterday it had launched a £112.5m convertible bond offering to help fund its recent acquisitions of Camden Wharf and the nearby Interchange Building, let to Associated Press. The bonds are due in March 2020 and will carry [...]
Stella McCartney, Huge Boss and Yoox Net-a-Porter in talks to move to Stanhope and Mitsui’s White City Place February 22, 2016 Three leading fashion brands are in talks to move their London headquarters to new offices being developed inside the former BBC Media Village in White City, City A.M. understands. Designers Stella McCartney, Hugo Boss and online fashion website Yoox Net-a-Porter have separately approached developers Stanhope and Mitsui about taking office space inside White City Place. [...]
Mace wins contract to oversee £120m Camden Market scheme April 7, 2015 CAMDEN Market owner Market Tech Holdings has appointed construction firm Mace to oversee the £120m redevelopment of Camden Lock Village. The company, run by Israeli technology entrepreneur Teddy Sagi, floated on London’s junior market last year after amassing more than 11 acres of market real estate across Camden Borough. It now plans to plough some [...]
Camden Markets takes step closer to transformation as contracts struck with consultants April 7, 2015 The transformation of Camden Markets into a retail and residential district took a step closer today as the three names behind the development were revealed. Market Tech, the holding company that owns and manages the markets, has struck three contracts that will kick-start work, the first stage of which will be completed by late summer [...]
Utopia Village: Market Tech’s £44m Camden project to lure entrepreneurs April 13, 2015 The gentrification of the iconic Camden Market precinct shows no sign of slowing as Market Tech pumped £44m into acquiring the Utopia Village office scheme yesterday. The firm hopes to use the area’s rough-around-the-edges appeal to attract entrepreneurs. Located in Chalcot Road, the property sits close to the market entrance, and the new owner hopes [...]
London landlord bars the 800 campaigners that got his Duke of Hamilton pub in Hampstead listed November 12, 2015 A London landlord has barred 800 local campaigners from his pub after they managed to get his property listed, making it harder for him to sell. Steve Coxshall, a former stockbroker that also managed the boyband Blue, said the campaigners, the Hampstead Neighbourhood Forum, were “hypocrites in cardigans”. Camden Council decided to the list the three-century-old [...]
UK house prices: Property prices increased by as much as the average salary – but in London it’s more than double that January 22, 2016 The property market might be cooling, but last year still gave home-owners a solid boost to their wealth, with new research suggesting UK properties gained in value by as much as the average salary. Throughout 2015, the average homeowner made £27,264 – or £16 for every working hour of the year. Those who own property in London, [...]
A new estate agent opened up every 1.6 days in London last year, with the City of Westminster seeing a particularly rapid increase in numbers February 16, 2016 Estate agents popped up across the capital at breakneck speed last year, with a new business opening its doors once every 1.6 days, according to research released today. The study by online estate agents HouseSimple.com discovered that greater London now has almost 2,900 estate agents lining its high streets, which equates to an average of [...]
Easter travel is going to be a headache, thanks to engineering works on the Tube and National Rail affecting Gatwick Express, London Midland, Southern, Southeastern and Virgin Trains March 21, 2016 Thinking of travelling by Tube or train over the Easter break? You might have to think again. There is going to be plenty of engineering works disrupting swathes of the networks this weekend starting from Good Friday on 25th March to Easter Monday on the 28th March. National Rail is planning "one of the biggest Easter investment programmes to [...]