Overseas demand boosts east London housebuilder Telford October 22, 2012 TELFORD HOMES, the London-focused residential developer, yesterday said demand from UK and overseas buyers means it will report a better-than-expected rise in first half profits. The east London housebuilder said the Olympics had helped to boost London’s profile, attracting overseas investors as well as owner-occupiers to its schemes. Foreign investors buying up property to rent [...]
City Moves | Who’s switching Jobs August 29, 2012 SWIP The asset manager has added Alan Bridges to its global rates team as investment director of UK rates. Bridges has 27 years’ experience in global fixed income, most recently at UBS Global Asset Management where he was a senior portfolio manager. Prior to that he worked in a number of senior positions at ABN [...]
Grainger sales up 13 per cent August 9, 2012 RESIDENTIAL landlord Grainger yesterday revealed property sales totalling £202.1m in the 10 months to July 2012, up 13 per cent on the previous year, as it continued to pay down debt. In an interim management statement, Chief Executive Andrew Cunningham, said the group continued to outperform the general residential market, with gross rents increasing by [...]
House prices show biggest fall in a year August 14, 2012 British house prices experienced their most widespread falls for a year in the three months to July, and surveyors do not expect the outlook to improve over the next 12 months, a survey by the Royal Institution of Chartered Surveyors (RICS) showed today. The figures, which also show sellers hanging back, reinforce a generally gloomy [...]
City Moves | Who’s switching Jobs August 13, 2012 Hill Residential The property development group has appointed Tony Woodman to the position of sales director. He will be responsible for overseeing the company’s increased focused on residential development. Woodman joins from Taylor Wimpey, where he was sales and marketing director. He has also held similar roles at George Wimpey and Laing Homes. Rathbone Investment [...]
CITY MOVES | WHO’S SWITCHING JOBS August 1, 2012 Freshfields Freshfields Bruckhaus Deringer, the law firm, has appointed David Trott as its new global head of finance. He currently serves as head of its London banking practice, and will replace Alan Newton. Additionally, head of restructuring and insolvency, Ken Baird, will become managing partner of the firm’s London finance practice. Revetas Capital Advisors Ian [...]
Your first move onto the property ladder September 9, 2012 UK HOUSE prices saw their biggest fall for a year in the three months to July 2012, according to the Royal Institution of Chartered Surveyors (Rics). But the capital is bucking the trend. London property prices grew by 6.5 per cent over the last year, according to last quarter’s Greater London Authority London Housing Market [...]
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 [...]
Deutsche Wohnen set to raise €475m for Barclays flats deal June 11, 2012 GERMAN residential property investor Deutsche Wohnen plans to raise up to €475m (£383m) to help fund its deal to buy a portfolio of flats in Germany’s prosperous property market. It will issue up to 43.8m new shares and offer investors three shares for each of the seven they already own. The capital raising comes just days [...]