The Crown Estate unveils luxury homes at The Sherwood off Regent Street February 1, 2016 The Crown Estate has unveiled its latest collection of luxury apartments near Regent Street, which went on sale to the domestic market today. Named The Sherwood, the scheme is part of a £1.6bn overhaul across Regent Street and St James’. The developer, which returns all of its profits to the UK government “to benefit the nation”, [...]
UK house prices: Prime central London rents are polarising between east and west, says Knight Frank April 6, 2016 London's prime rental market is becoming more polarised. Prices in the east are accelerating faster than those in the west as financial services tenants move closer to the City in search of cheaper rents, new research shows. Annual rental value growth in prime central London fell by one per cent in March – the lowest rate since May 2014, according to [...]
Battersea panic stations: Investors flee luxury scheme as up to £2m is knocked off some asking prices March 4, 2016 More than 50 luxury flats on sale at London’s iconic Battersea Power Station have had their prices slashed since January, with some seeing discounts as large as 38 per cent in a sign that wealthy foreign investors are scrambling to desert the scheme. The news adds to fears that demand for prime homes in the capital is [...]
Grainger sells Retirement Solutions business to private equity firms Electra and Patron in £325m deal January 4, 2016 Residential landlord Grainger has sold off its equity release division to two private equity firms in a £325m deal, as it turns its attention to the private rental market. Patron Capital Partners, which owns housebuilder Cala Homes, and Electra Private Equity, have exchanged contracts to buy Grainger Retirement Solutions, a portfolio of over 3,600 homes [...]
Residential landlord Grainger posts jump in rents as it taps into UK rental boom February 11, 2016 Grainger has posted a jump in rents as the residential landlord presses ahead with its expansion into the UK's booming private rental sector. Grainger has two main divisions – its portfolio of private rental homes and its regulated tenancy business where it buys properties subject to regulated rents at a discount before eventually selling them at [...]
Why do entrepreneurs move to the countryside? Falling land values sparks rise of rural startups, says RICS February 3, 2016 There is an entrepreneurial revolution taking place it is happening among Britain’s green pastures, a new report claims. Rising property prices in city centres and falling land values have made buying a plot in the countryside increasingly attractive to those outside traditional farming communities, according to the Royal Institute of Chartered Surveyors (RICS), fuelling a surge in new business [...]
Foxtons hit by stamp duty changes and EU uncertainty March 8, 2016 Foxtons said it has been hit by falling volumes in central London as stamp duty pressures put off buyers. The figures Although revenues grew 4.1 per cent to £149.8m in the year to the end of December, pre-tax profits fell 2.6 per cent to £41m, Foxtons said this morning. But sales revenue rose 3.4 per cent to £72.2m as the number of units it sold rose 4.4 [...]
Six reasons why London’s property market won’t collapse this year April 7, 2016 A recent report by UBS argued that London’s property market in London is exposed to the world's highest bubble risk and many would agree. But the reality is there are several good reasons why prices won't fall anytime soon. Here are just six. 1. Population growth London’s population grows faster than the UK national average and the supply of [...]
St Modwen to put £620m Nine Elms Square up for sale, paving the way for next year’s biggest land deal February 2, 2016 St Modwen has announced plans to put its £616m Nine Elms Square residential scheme up for sale in what it predicts will mark one of the biggest land deals in the market this year or next. The regeneration specialist and its French joint venture partner Vinci are carrying out a complete overhaul of New Covent [...]
End of an era: thousands of jobs to go at BHS stores to close as administrators call time on sale June 2, 2016 BHS is being wound down today after administrators revealed no deal was found to rescue the store, likely putting 11,000 staff out of work. In a statement this afternoon, administrators Duff & Phelps said it had "not been possible to agree a sale of the business". BHS is now being “wound down” because no buyer would [...]