Hopes dwindle for Hong Kong’s recovery November 15, 2013 Hong Kong's economy expanded by a disappointing seasonally adjusted 0.5 per cent in the third quarter, weighed down by weak export numbers and a drop in retail sales, said the government today. On a year-on-year basis, economic growth was 2.9 per cent, slower than the 3.2 per cent growth seen in the second quarter. Mark [...]
Live with your head in the clouds September 26, 2013 Booming demand for residential property causes developers to reach for the sky LONDON has lifted its head firmly into the clouds in recent years as more gargantuan skyscrapers have sprouted up around the city. The Shard, the Heron Tower, the Walkie Talkie and their contemporaries have pierced the skyline and made a similar hole in [...]
City Moves for 27 September 2013 | Who’s switching jobs September 26, 2013 Cushman & Wakefield The real estate services firm has announced the appointment of Carl Foreman as a partner, and head of UK property and asset management. He joins from Jones Lang LaSalle, where he was a national director. BlackRock Mark Wharrier has joined the investment management company’s UK equity team as a director and portfolio manager. He will [...]
Join an exclusive club in the City October 10, 2013 Luxury developments are stocking up on facilities normally found in five-star hotels HOLIDAYS are great. Want to go to the gym without stepping outside in jogging bottoms? Fancy a swim at 2am? Want to relax in your own private bar? And on top of that, there’s someone on the end of the phone waiting to [...]
Live in panorama atop The Heron November 7, 2013 Surround yourself with a 360 degree view of the City of London – and walk to work – from one of the luxury penthouses and apartments in The Heron situated in the heart of the financial district Living in the City is a strange experience. Your rubbish is collected by a corporation, it’s completely desolate [...]
Move into the heart of city living October 24, 2013 Make a smart international investment or simply live among some of the world’s most famous landmarks There are certain things non-Londoners take for granted that seem like every-day miracles to those living in the capital. Walking to work is one of them – the morning commute is inescapable in the Big Smoke. You can also [...]
Grainger sells £58.4m Tilt portfolio August 7, 2013 Grainger yesterday sold some 300 homes in East Dulwich known as the Tilt portfolio to the GRIP Unit Trust, a privately rented residential property fund it formed with APG, Europe’s largest pension fund manager this year. In an interim statement yesterday Grainger said the sale for £58.4m will help to repay debt, which currently stands [...]
Reactions to the chancellor’s statement December 5, 2013 THE BUSINESS GROUPDirector general of the CBIJohn Cridland The CBI had lobbied the government to cap business rates at two per cent and support business finance. “We have always advocated the dual approach of tackling the deficit and driving growth – the OBR forecasts confirm it is working. Let’s stick with what works. “The pressure [...]
Savills and Bellway boosted by stronger UK property market August 8, 2013 PROPERTY consultancy Savills said yesterday it enjoyed a 40 per cent rise in first half profits boosted by strong property markets in the UK and Asia. Underlying profit before tax grew to £26m in the six months through June from £19.7m in the same period last year, on revenue up 13 per cent to £399m. [...]
Our at-a-glance guide to Osborne’s mini-budget December 5, 2013 Growth up, borrowing down, yet the debt is still rising. Another raid on the banks, but shops to gain from reduced business rates THE UK ECONOMIC OUTLOOK● The Office for Budget Responsibility (OBR) has revised up its forecast for economic growth and revised down its prediction for inflation. It expects unemployment to drop quickly next [...]