Chinese property giant to make maiden investment in the City December 20, 2012 CHINA’S largest property developer by market value is set to make its first foray outside of the country after putting in an offer to buy One Finsbury Circus in the City for £152m. China Overseas Land & Investment is close to signing a deal to acquire the freehold of the Grade II listed block, designed [...]
Lenders predict bridging loan spree in 2013 January 1, 2013 A DIFFICULT mortgage market will lead to an explosion in the use of short-term bridging loans, mortgage brokers said in a survey out this morning. Though mortgage lending is set to expand some 8.3 per cent in 2013, according to Council of Mortgage Lenders (CML) predictions, the market will remain tight. This tightness will drive [...]
City Moves for 7 January 2013 | Who’s switching jobs January 7, 2013 SJ Berwin The law firm has announced the appointment of Steven Fogel to its partnership board and as a non-executive director. He was previously senior partner of Titmuss Sainer, and led the law firm in its merger with Dechert. Fogel then served as managing partner of Dechert’s London office before retiring in June 2012. He [...]
What the other papers say this morning – 2 August 2013 August 1, 2013 FINANCIAL TIMES Google unveils iPhone challenger Google unveiled the Motorola Moto X smartphone yesterday, its latest attempt to leapfrog Apple’s iPhone – this time with a device packed full of sensors and processors that will allow the phone to anticipate its user’s intentions. The Moto X, which will cost $199 (£131.41), is the first smartphone [...]
Premier League return will benefit more than just well-paid players August 15, 2013 THE PREMIER League returns tomorrow. Although most of us will be interested in the quality of the football on offer, the amounts of money involved are no less significant. It’s Europe’s highest revenue-generating league by a margin of over €1bn (£850m), with combined club revenue of over £2.3bn in 2011-12. But while players continue to [...]
London Report: FTSE suffers its sharpest daily fall in a month April 7, 2014 BRITAIN’S top equity index had its biggest one-day decline in a month yesterday, retreating from a three-week high as a drop by housebuilders weighed on the market. The blue-chip FTSE 100 index, which rose 0.7 per cent on Friday to reach its highest point in around three weeks, closed down by 1.1 per cent, or [...]
Executive Offices sign lease on Atlas House November 15, 2012 EXECUTIVE Offices Group, the upmarket office space provider, has signed a deal to take up four floors of Atlas House in the City, which it plans to revamp and run as offices. The group, which was acquired by Morgan Stanley’s real estate fund in 2005 for £220m, has signed a 15-year lease on the 19th [...]
Newspaper bosses find accord on regulation without the state December 5, 2012 NEWSPAPER editors yesterday reached a broad agreement over new systems of press regulation, agreeing to many of Lord Justice Leveson’s proposals but ruling out any state interference. At a breakfast meeting in central London yesterday, Fleet Street bosses signed up to the majority of the Leveson report’s recommendations, including a revamped system of complaints and [...]
We must urgently fix Britain’s horribly broken housing market July 18, 2013 IT’S called the law of supply and demand, a basic concept that Labour and coalition politicians sometimes find difficult to grasp. If you try to mess with it, it ends up biting you, and hard. Take residential property. In a free market, if the price for something goes up, people tend to produce more of [...]
Prime property in capital still rocketing up October 30, 2012 PRIME London property values soared in the third quarter, two separate data releases showed yesterday, boosting the number of homes worth more than a million pounds to over two fifths. Forty-three per cent of homes in prime London areas are now worth at least £1m, data from estate agent Marsh & Parsons showed, compared to [...]