Asos won’t be making an Amazon-style move into physical shops July 7, 2016 Asos won't be following in Amazon's footsteps and bringing its brand onto the high-street, intending to focus on mobile sales instead. Speaking to City A.M. about whether the online retailer would ever open physical shops, Asos' chairman Brian McBride said: "It's not on our current plans. Read more: Amazon is opening its first physical bookshop McBride said the idea of [...]
Legal & General has bumped up the price of its property fund saying saying conditions have stabilised July 18, 2016 Legal & General has increased the price of its property fund, saying conditions have stabilised since the week in which several similar funds suspended trading. The firm has reduced the fair value adjustment on its property fund from minus 15 per cent to minus 10 per cent, which led to the fund price going up by 4.3 per [...]
Bank of England was warned over property fund trading suspensions after Brexit July 12, 2016 The Bank of England was warned that property funds could be suspended in the aftermath of a Brexit vote. The Financial Policy Committee (FPC), which is chaired by BoE governor Mark Carney, was briefed by the Financial Conduct Authority (FCA) that the “extent of outflows from these funds and on the possibility that funds could suspend [...]
Commercial property investment in London’s West End hits record high of £1.93bn in the first quarter of 2017 April 3, 2017 Commercial property investment in London’s West End has hit a record high of £1.93bn in the first quarter of 2017, driven by buyers from Hong Kong. According to Cushman & Wakefield (C&W), the figure is up by 22 per cent on the five-year first quarter average, surpassing the West End’s previous record of £1.8bn in [...]
These are Britain’s best new buildings June 23, 2016 The architects changing Britain's living, working and learning spaces have been honoured today with the announcement of the country's best new buildings. The Royal Institute of British Architects (RIBA) has given prizes to forty-six of the most impressive architectural achievements in the UK this year. Later in the year, a handful of these will be picked out to create [...]
Ocadon’t: Half of us shun online shopping June 16, 2016 High streets are still a major destination for customers, as research released today found half of shoppers shun online. The study by Cardlytics looked at the spend data of more than two million shoppers, looking at fashion, footwear, beauty and department stores over a year. Although online is becoming an increasingly important growth sector in retail, [...]
What you need to know about travelling during this week’s Tube strikes: Travel advice for Central and Waterloo & City Line commuters February 19, 2017 Fresh strikes on London Underground are due to disrupt travellers this week with the Central and Waterloo & City lines expected to have little to no service. Here's what you need to know about- the industrial action so you can plan ahead. What time and day are the strikes taking place? From late on Tuesday [...]
Derwent London buys back 1 Oxford Street as part of Crossrail agreement July 14, 2015 Derwent London has signed a new 150-year lease agreement with Crossrail on a £400m office and shopping development above Tottenham Court Road station. The developer is effectively buying back the site at 1 Oxford Street after having to surrender it in 2009 to Crossrail. Derwent will receive £55m on completion of scheme in around 2020. [...]
Diamond disrupter: How this digital-focused jewellery retailer is shaking up the marketplace July 25, 2016 Every day, thousands of shoppers in the Oxford Street area unknowingly pass by the workshop of 77 Diamonds. Behind a nondescript door, workers craft wedding rings with diamonds worth tens, if not hundreds, of thousands of pounds. A short walk from the dingy workshop – decorated inside with a topless Zoo calendar and a Euro 2016 [...]
For sale: The Cheesegrater – as British Land comes closer to flogging the Leadenhall Building for £1bn February 28, 2017 One of London's tallest buildings has been put up for sale by its owners – with reports suggesting it could go for as much as £1bn. British Land said this morning it is in "advanced discussions" regarding a sale of the Leadenhall Building, aka the Cheesegrater. Property bible CoStar said British Land had instructed agents to [...]