Savills buoyed by London and Asia amid Euro crisis November 17, 2011 PROPERTY agent Savills said it was on track to meet full-year expectations as its prime London residential and Asia Pacific businesses help offset its poorer performance in continental Europe. The group is cutting its presence in non-core markets as “macro economic issues have curtailed activity in many countries” and is instead focusing on stronger-performing France, [...]
Property firm St Modwen sees big year December 1, 2011 PROPERTY regeneration company St Modwen expects its full-year results to buck the economic downturn, coming in at the upper end of forecasts. The company, which owns the Elephant and Castle and Edmonton Green shopping centres in London, said in a trading update that sales and buyer interest in its new sites have both been high, [...]
CITY MOVES | WHO’S SWITCHING JOBS December 19, 2011 Standard Life Charles Guay has been appointed as president and chief executive of Standard Life Canada. He will start on 1 February 2012 to replace Joseph Iannicelli, and is joining from National Bank of Canada, where he is senior vice president, strategies, marketing and investment solutions, wealth management. He additionally holds the role of president [...]
Knight Frank partners share £73m bonus pool October 23, 2011 PARTNERS in the upmarket estate agent Knight Frank have landed a £73m payout after profits rose by 10 per cent in the last financial year, buoyed by foreign investors flocking to London’s luxury property market. The firm, which advises on both residential and commercial property deals, saw pre-tax profits rise to £101.9m in the year [...]
CITY MOVES | WHO’S SWITCHING JOBS December 5, 2011 Hastings Direct Liz Latter has been appointed as head of insurer development at the firm. She will work with Adrian Parry, head of Hastings’ panel development activities for the last two years, who will step back from his full-time commitments in early 2012 to pursue other commitments, but will continue to support the business. Latter [...]
PROPERTY NEWS September 8, 2011 CHARLIE CHAPLIN’S CHILDHOOD HOME FOR SALE Charlie Chaplin’s home in 1889 at Methley Street in Kennington has just come onto the market for the first time in over a decade. Boasting its official blue plaque, this pretty brick-fronted mews house was Chaplin’s home during his early childhood and is a part of the “Charlie Chaplin [...]
SELL September 29, 2011 MANAGING DIRECTOR OF CENTRAL LONDON ESTATE AGENCY, KAY & CO Q.I have a small patio garden at my house in central London but am considering putting up a conservatory in the space so that I can use it all year round. Will this help me when I sell? A.On the face of it this seems [...]
City sales set to net £250m for Ireland August 30, 2011 A NUMBER of major City property developments are expected to come up for grabs for £250m when a long-awaited sale by Irish investors begins next month. Among the buildings ready to be sold it 107 Cheapside, the upmarket development near St Paul’s Cathedral. The office and retail building, opened three years ago, was developed by [...]
UK still tough says Grainger August 11, 2011 GRAINGER expects the UK property market to continue being affected by the subdued economy, and says that it is making good progress integrating the first three housing portfolios under its Lloyds RAMP agreement. The housebuilder said it had made £79.5m of sales in the four months to the end of July, and had a further [...]
Capital & Counties asset value boosted by Covent Garden site August 3, 2011 CAPITAL & Counties, the London focused property developer, posted a four per cent rise in the value of its assets, boosted by an increase in value of its Covent Garden estate. Net asset value per share rose four per cent to 154p, while pre-tax profit was up 28 per cent at £70.2m from £54.8m a [...]