WHO’S SWITCHING JOBS June 27, 2012 LDC The private equity house has announced that Keith Holdt has been appointed as investor director in its value enhancement group. He joins from Swiss Post Solutions, where he was head of global business development and sales. Holdt previously spent eight years with IBM. Lloyds Banking Group Andrew Bester has been appointed chief executive, wholesale [...]
US home sales on the rise as Fed official says QE3 is not required May 22, 2012 HIGH levels of American home sales were recorded in April, boosting hopes for the US recovery, as a leading member of the Federal Reserve said that conditions are not ripe for more quantitative easing. Sales of already-owned homes shot up by 3.4 per cent to an annual rate of 4.62m units last month, the highest [...]
BAFTA’S PICCADILLY HEADQUARTERS FOR SALE May 2, 2012 BAFTA’S landmark headquarters on Piccadilly are to be put up for sale for £76m. Aviva Investors Property Trust has instructed property consultancy Knight Frank to sell the 81,000 square foot building known as Princes House, which is also home to the Princes Arcade, the Tramp nightclub, a screening room, casino and three-storey town house.
St Modwen and Telford upbeat on south east May 30, 2012 PROPERTY developers Telford Homes and St Modwen said the residential property market in London and the south east of England remained robust and would underpin their growth in 2012. East London residential developer Telford Homes said pre-tax profits for the year to the end of March leapt 20 per cent to £3m, helped by its [...]
St Modwen and Telford upbeat on south east May 30, 2012 PROPERTY developers Telford Homes and St Modwen said the residential property market in London and the south east of England remained robust and would underpin their growth in 2012. East London residential developer Telford Homes said pre-tax profits for the year to the end of March leapt 20 per cent to £3m, helped by its [...]
Munch’s Scream goes on the block May 2, 2012 ■ Edvard Munch’s “The Scream” was set to be auctioned at Sotheby’s in Manhattan last night. The iconic piece is expected to break new ground at the famed New York auction house with its pre-sale estimate of at least $80m, the highest pre-sale amount ever listed at Sotheby’s.
Grainger outperforms UK market May 17, 2012 Residential landlord Grainger said yesterday that its UK portfolio was outperforming the wider housing market after its valuations rose 2.8 per cent in the first half of the year. Completed UK sales rose 5.8 per cent year-on-year to £94.6m in the six months to 31 March, while net rental income increased by 16.4 per cent [...]
Sainsbury’s sizes up to Amazon with ebook platform purchase June 12, 2012 RETAIL giant Sainsbury’s yesterday took its first step into the ebook market, taking on the likes of Amazon and WH Smith with the purchase of a majority stake in digital books platform Anobii. The supermarket paid a nominal £1 for struggling music vendor HMV’s stake in the online books retailer and expects to hold a [...]
London leads jump in house prices as prime properties soar April 26, 2012 ASKING prices rose across the country at the start of 2012, new data revealed yesterday, with prices in London soaring and sales of multi-million pound homes rising. Asking prices rose an average of £3,104 or 1.8 per cent in the first quarter, hitting £221,387 according to findaproperty.com. London experienced the biggest rise, at 5.4 per [...]
Topps Tiles earnings fall but it sees pick-up in recent trading May 29, 2012 TOPPS Tiles, the tiling specialist, reported a surprise bounce-back in like-for-like sales over the past seven weeks as Britons were more willing to get stuck into DIY projects during the wet weather. The company, which also trades as Tiles Clearing House, enjoyed a 4.5 per cent boost in sales in the seven weeks to 19 [...]