The Little Big Short: Subprime car loans could be fuelling the next financial crash July 11, 2017 Lenders are forgetting the lessons of the past. Those are the words of Mark Carney on the rapid growth of the car finance industry. It’s a decade since the financial crisis brought institutions around the world to their knees, triggered by a meltdown in subprime mortgages. Yet here we are again – the only [...]
Highland Europe leads $40m investment in StarLeaf, a UK tech startup making video conference calls loads easier May 9, 2017 Highland Europe has led a multimillion pound investment in a high growth startup specialising in video conference calling technology. Cambridge-founded StarLeaf has landed $40m (£31m) from the venture capital firm which has previously invested in Brandwatch, WeTransfer and Outfittery, along with Grafton Capital. Read more: Meet the 17 high-growth startups being hot-housed by the LSE [...]
Focus On Twickenham: Families flock to TW1 for period houses, riverside walks, and a 25min commute March 17, 2017 As the Six Nations tournament comes to a close this Saturday, all eyes are on Twickenham. This leafy south west London suburb may buzz with life around match days – with the thoroughfare between Twickenham station and the stadium getting particularly boisterous – but the rest of the time, it’s the picture of modern, aspirational [...]
The “cheapest home in Mayfair” has gone on sale for just £500,000 (but there’s a catch) February 21, 2017 If you have ambitions of being a small fish in a very expensive pond, look no further than a two-bedroom apartment which has just gone on sale in London's most exclusive borough, Mayfair, at the bargain price of just £500,000. Admittedly, though, there's a catch… The apartment, next to Claridges on Davies Street, has been [...]
Australian investment bank Macquarie sells last of its stake in Thames Water to Canadian and Kuwaiti funds March 14, 2017 Australian investment bank Macquarie has sold its stake in Thames Water to a Canadian pension fund and a Kuwaiti infrastructure investor. Macquarie Infrastructure and Real Assets (MIRA) today announced the sale of its 26.3 per cent interest in Kemble Water Holdings, the holding company of Thames Water. The buyers are Borealis Infrastructure, part of Canada’s OMERS pension fund, and Wren [...]
Porsche Design makes the ultimate penthouse for a supercar collector April 27, 2017 Supercars aren’t just made to be driven, they’re made to be seen. To a collector, the curved bonnet, impeccable paintwork and fine leather interior of a $200,000 Porsche is a work of art just as worthy of admiration as a $5m David Hockney painting. The trouble is, cars don’t hang on walls, but Porsche Design [...]
The MoD has issued a clarion call to developers as it mulls the future of Hyde Park Barracks February 21, 2017 The fate of Hyde Park Barracks, the central London barracks which plays host to the Household Cavalry, may be about to become clearer after the Ministry of Defence (MoD) issued a clarion call to the property industry. A notice issued by the Defence Infrastructure Organisation (DIO), the organisation in charge of managing the army's estates, has [...]
A Middle Eastern royal has spent £21 million on a garage in one of London’s most expensive districts February 9, 2017 A Middle Eastern royal has come up with a clever way of dealing with London's notoriously difficult parking system, spending £21 million to buy an entire parking garage. According to a report in The Times, the unnamed Gulf royal bought the parking garage in the Knightsbridge district of the capital to store their collection of [...]
Tony Gallagher is reportedly mulling the £500m sale of a chunk of his property empire January 8, 2017 A major Tory donor is reportedly mulling the £500m sale of a chunk of his property empire. According to the Sunday Times, Oxfordshire-based Tony Gallagher is in advanced talks to sell Gallagher Estates to one of the UK’s largest housing associations. Gallagher Estates buys residential sites, preparing them for development by securing planning permission before they [...]
New Homes: What’s on sale in London this weekend in Hackney, Southwark, Bermondsey, Mitcham and Clapham March 10, 2017 Kings Crescent, Hackney From £98,750 for a 25 per cent share First time buyers living or working in Hackney will be able to get a step on the ladder with Shared Ownership at Kings Crescent. Tomorrow will see 36 none to three bedroom apartments on sale, some refurbished some new, next to Clissold Park each [...]