Focus on Earlsfield: The hidden wonder near Nappy Valley February 12, 2015 A few years ago, I’d say where I lived and no one would have a clue where it was,” says Rupert Grieg, sales manager at Foxtons’ Earlsfield branch. “But then you said, it’s between Wimbledon and Balham, and suddenly it made sense.” For most people, this is probably still true. Swamped by popular neighbours – [...]
Barratt Developments sees property sales and completions jump in first half January 14, 2015 Sales at residential property company Barratt Developments jumped by 17 per cent in the six months to 31 December, up to £1.68bn from £1.44bn in the first half of the 2014 financial year. Completions also increased, improving from 6,195 to 6,971. Of the total number of completions, 1,149 were in the affordable housing sector, which [...]
Mansion tax talk and cooling London house prices fail to dent Savills expectations November 18, 2014 Upmarket estate agent Savills is weathering the moderation of the London property market and the fall in commercial trading volumes in Hong Kong, as other global hotspots continue to perform. In an interim statement published today, the group said it has been affected by the threat of a mansion tax, which could be implemented after [...]
City Moves for 21 January 2015 | Who’s switching jobs January 20, 2015 IAG UK Fund Administration The fund administration services provider has appointed Alan Ross as commercial director. He joins from BNP Paribas, where he was senior sales manager for securities services. Ross has also held roles at BNY Mellon, Arjent Alternative Investments, FSL Services, and RBS. London & Capital Guy McGlashan has been appointed chief operating [...]
New Scotland Yard sold: Met police HQ building goes for estimated £250m November 13, 2014 New Scotland Yard, the home of the Metropolitan Police in the heart of London, has been sold for an estimated £250m. The buyer of the 1.7 acre, 600,000 sq ft site in Victoria will be named once contracts have been exchanged, City Hall said today. Details of the deal, including the purchase price, will be [...]
Dalian Wanda puts One Nine Elms homes on sale October 20, 2014 Another 200 homes will go on sale in London’s Nine Elms regeneration area as China’s biggest property company prepares to launch its £700m residential scheme this week. Dalian Wanda, which is led by the country’s wealthiest man Wang Jianlin, bought the Market Towers site at Vauxhall last year from Irish developer Green Property, marking its [...]
Brits drawn to Soho homes: 15 Hollen Street is latest development in once subversive London district January 15, 2015 In Victorian times, Soho was a murky and dangerous district. Home to London’s original red light district, it was the place where the gentry mixed with poverty-stricken artists. Nowadays, you’re more likely to bump into an advertising executive sipping a mocktail than a lady of the night, but it’s still a thriving cultural hub with [...]
Home Retail Group sells Homebase in Battersea for £52m to homes developer Fifth Capital London November 24, 2014 The housing market in London’s Nine Elms area is booming. But Home Retail Group has decided to sell its DIY store Homebase in Battersea after receiving a £57m offer for the sought-after site. The retailer said yesterday it had exchanged contracts to sell the huge site on York Road to Fifth Capital London, a little-known [...]
Fed up with London’s insane property market? A houseboat could be the answer to your prayers January 29, 2015 Young couples faced with the daunting task of establishing a foothold on the property ladder can be forgiven for wanting to jump on a boat and sail as far as they can from the glittering circus of estate agents, sky-rocketing prices and penury caused by endless saving. Anyone who follows through with this escapist urge [...]
City Moves for 19 December 2014 | Who’s switching jobs December 18, 2014 FTI Consulting Clare Hartnell has been appointed senior managing director in the business advisory firm’s European tax advisory practice, focusing on real estate tax. She was most recently global leader of Grant Thornton’s real estate and construction practice, and has also worked at BDO. EY Monica Dimitracopoulos has been appointed principal and global knowledge transformation [...]