The changing skyline of Aldgate June 4, 2013 Aldgate is fast becoming a hub for mixed-use developments offering the best in modern living. Naomi Mdudu investigates. The east end isn’t the only area under major regeneration. Aldgate, which lies within the City Fringe, a transitional area between the financial district and east London proper, is quickly becoming a prime residential spot and is [...]
Canadians buy landmark City site for £265m January 28, 2013 CANADA’S second largest pension fund has teamed up with private equity firm TPG to buy a landmark office building in the City for £265m. Ivanhoé Cambridge, the property investment arm of Caisse de dépôt et placement du Québec, said yesterday it has jointly bought the Woolgate Exchange in Moorgate as it steps up its investment [...]
Invest in the new Canning Town February 22, 2013 New development Vermillion is helping Canning Town become a thriving new area, says Naomi Mdudu CHARLES DICKENS may not have spoken favourably about the area in the mid-nineteenth century, but Canning Town is undergoing considerable changes. This month saw the launch of two new penthouse apartments in the luxury block, which span the top two [...]
Europe’s IPO hopes for 2013 boosted by LEG’s plan to list January 7, 2013 GERMAN residential property group LEG is planning to list its shares on the stock market within six months in a sign that a recent pick up in IPO activity in Europe is likely to continue. The share sale, which could be worth around €1bn (£814m), would be a positive step for an IPO market which [...]
Grainger net asset value jumps as it focuses on the south east November 22, 2012 RESIDENTIAL landlord Grainger yesterday pledged to reduce its net debt to under £1bn over the next 12 months as it posted a strong set of full-year results. The FTSE 250 residential property owner-manager said net asset value increased 3.2 per cent to 223p for the year to 30 September, thanks to its focus on the [...]
Rapid responses January 7, 2013 Broadband policy [Re: Think tank slams plan to splash out on UK broadband arms race, yesterday] This is an essential look at the UK’s costly and ineffective broadband policies. But it fails to recommend immediate policy changes that would result in much-needed, competition for fixed line and mobile internet access. Allowing wholesale internet service providers [...]
Markets lap up easing of bank liquidity rules January 7, 2013 BANK shares jumped yesterday after regulators eased incoming liquidity rules, giving banks more time to build up their buffers as well as letting lenders use a wider range of instruments. The aim of the rules is to make sure banks have a buffer of liquid assets big enough to match outflows of cash in a [...]
London’s super prime property keeps top spot November 11, 2012 LONDON’S super prime residential properties continue to fetch higher prices than any other city in the world as ongoing economic uncertainty boosts the capital’s safe haven status, research by CBRE shows. The property agent said yesterday that average values in prime central London have increased 12.6 per cent since January, with Kensington and Chelsea, in [...]
Helical Bar chief Mike Slade: it is time to kick-start building November 22, 2012 HELICAL BAR chief executive Mike Slade gave an upbeat outlook on the property market yesterday and declared “it is time to start building” as the developer reported a solid rise in first half profits. The group reported a better-than-expected rise in net asset value per share, up 0.8 per cent to 252p, driven by £4.7m [...]
Surveys reveal housing sector activity boost November 12, 2012 THE UK’S ailing housing sector has begun to show signs of life, according to two widely-regarded reports released yesterday and this morning. Interest in residential properties from potential buyers grew at its fastest rate for nearly three years in October, the Royal Institution of Chartered Surveyors (RICS) revealed this morning. The number of agreed sales [...]