PayPal expands Irish office with 1,000 new jobs February 21, 2012 PAYPAL, the online payment facilitator, plans to create one thousand new jobs in Dublin by establishing a new operations centre in the Irish capital by July. The eBay subsidiary has held its European headquarters in Dublin, where it already employs up to 1,500 staff, since 2003. Taoiseach Enda Kenny welcomed the move, calling it “a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2012 FINANCIAL TIMES FOREIGN OFFICE PLANS £240M WORTH OF PROPERTY SALES The Foreign Office has drawn up plans to sell hundreds of embassies and homes worth nearly a quarter of a billion pounds as it increases its presence in fast-growing countries such as China and Brazil. The Foreign Office has hired property agents CBRE and DTZ [...]
CITY MOVES | WHO’S SWITCHING JOBS February 15, 2012 Octopus Investments The fund management company has hired James Almond to join the 30-person specialist finance team to work under the head of the unquoted division, Alistair Seabright. In the new role, Almond will structure new funds and investment products for both institutional and retail investors. He joins from Cornhill Asset Management, where he was [...]
Profits fall as CBRE starts to feel the heat in the Americas February 7, 2012 STRONGER revenue from sales and outsourcing helped global commercial property agent CBRE to surprise Wall Street last night despite leasing revenue falling in the Americas. The group posted a 16 per cent fall in fourth-quarter net income fell to $79.8m (£50.2m), or 25 cents per share. Earnings excluding charges rose 29 per cent to $149.3m, [...]
Profits fall as CBRE starts to feel the heat in the Americas February 7, 2012 STRONGER revenue from sales and outsourcing helped global commercial property agent CBRE to surprise Wall Street last night despite leasing revenue falling in the Americas. The group posted a 16 per cent fall in fourth-quarter net income fell to $79.8m (£50.2m), or 25 cents per share. Earnings excluding charges rose 29 per cent to $149.3m, [...]
PROPERTY NEWS January 19, 2012 HOUSE PRICES FALL AGAIN Knight Frank/Markit’s January House Price Sentiment Index (HPSI) shows the rate of decline in house prices was similar to December. Around five per cent of households said the value of their home had risen since December, while around 19 per cent reported a fall. The resulting HPSI figure of 43.2 is [...]
Nama appoints loan sale advisers January 16, 2012 Ireland’s National Asset Management Agency has appointed a panel of advisers from the financial services sector as it ramps up its efforts to sell its property loans. The “bad bank”, set up during Ireland’s banking crisis, holds about £64bn of debt. At least 13 banks, lawyers, accountants and property consultants including CBRE have been appointed [...]
Nama appoints loan sale advisers January 16, 2012 Ireland’s National Asset Management Agency has appointed a panel of advisers from the financial services sector as it ramps up its efforts to sell its property loans. The “bad bank”, set up during Ireland’s banking crisis, holds about £64bn of debt. At least 13 banks, lawyers, accountants and property consultants including CBRE have been appointed [...]
MINERVA APPOINTS EXTRA AGENTS TO MARKET WALBROOK OFFICES January 12, 2012 PROPERTY agent Jones Lang LaSalle has been hired to give an extra push to Minerva’s efforts to find tenants for St Botolph’s and the Walbrook (pictured left) in the City of London. Minerva, bought by Delancey and Area Property Partners last year, has struggled to find tenants since completing the Walbrook in 2010. CBRE and [...]
Property cash flocks to uni halls January 2, 2012 Investors at home and abroad have committed £840m to UK student accommodation projects in the last year, compared with £770m in 2010, as property developers look to cash in on the soaring number of overseas students. Research by real estate adviser CBRE suggests that last year’s hike in university tuition fees has led to a [...]