EToro raises $27m from Chinese and Russian investment funds December 9, 2014 SOCIAL investment network EToro yesterday closed a $27m (£17.2m) funding round led by the venture capital arm of China’s largest financial services group Ping An Insurance and SBT Venture Capital which is partnered with Russia’s largest bank Sberbank. Israeli startup EToro, which has offices in Canary Wharf’s Level39, has 4m users across 140 countries who [...]
Boris Johnson’s mini-Manhattan in Old Oak Common: Why we must speak up for local housing needs February 11, 2015 London’s population is at an all-time high. By 2020, we will have over 9m people living in our city; 10m by 2030. So it is essential that we plan for the growing needs of the capital. London needs a transport system fit for the 21st century. We need a thriving jobs market built on secure, [...]
Developers to partner on £90m Canary Wharf residential tower April 7, 2014 RESIDENTIAL developers One Housing Group and Mount Anvil have joined forces to create 121 new homes at Dollar Bay, a new 31-storey tower in Canary Wharf. Mount Anvil said yesterday that it had bought the site from rival developer Londonewcastle on Friday via its recently formed joint venture with Ares Management. The £90m waterfront scheme [...]
Canary Wharf to get first residential tower March 17, 2014 CANARY WHARF Group has become the latest developer to tap into London’s luxury housing boom after winning consent to build the business district’s first ever residential tower. Tower Hamlets has approved plans for the 58-storey Newfoundland skyscraper which will have 566 flats. Work is expected to start this summer and complete by 2018.
Why the free school doom-mongers have been proven completely wrong March 9, 2015 Yesterday David Cameron announced the 49 new free schools that will be opened in England from 2015 onwards. This will bring the total number of these trailblazing institutions – set up by parents or independent groups, and free from local authority control – to over 400. This is twice the number of new academies opened [...]
Canary Wharf Group buys back Isle of Dogs building for £128m July 22, 2013 CANARY Wharf Group has bought 15 Westferry Circus on the Isle of Dogs out of administration for £128m, its listed parent company Songbird Estates revealed yesterday. The developer has bought back the asset after selling it to Vico Capital, the property vehicle owned by Ireland’s O’Donnell family, in 2006 at the top of the market [...]
Sales of new homes in Canary Wharf soar April 2, 2014 Residential activity in Canary Wharf is booming, according to new figures from property consultants JLL today which show that the business-focussed district enjoyed one of the highest levels of sales of new homes last year. New unit sales have increased from 400 in 2012 to 1,050 in 2013, pushing values up to an average of [...]
Three tech start-ups hoping to win over John Lewis May 19, 2014 John Lewis will kick-off its search tomorrow for the next big idea to help its stores stay ahead in the digital age, with 30 technology start-ups battling out for a place in the retailer’s technology incubator JLAB. Each firm will deliver a five minute pitch to a panel of John Lewis directors and mentors [...]
Encore Capital back again for luxury health club acquisition November 9, 2014 ENCORE Capital, the London-based investment firm focused on entrepreneurial growth businesses, yesterday completed the acquisition of the 37 Degrees health and fitness club from venture capital investor Albion Ventures. The move comes as Encore looks to expand in the broader healthy lifestyle segment and follows on from the group’s purchase of luxury gym operator The [...]
Songbird Estates sells Northern Trust’s Canary Wharf offices to Crosby Investments for £152.5m October 1, 2014 The developer behind the Canary Wharf financial district has sold one of its most recognisable buildings for £152.5m. Until the sale to Crosby Investments, Songbird Estates let the majority of the building to Northern Trust, a US financial company, for £8.6m a year. The lease expires in 2022. Songbird suggested it will use the proceeds [...]