Check out this house built from the ground up for ‘wellness’ Life&Style Property of the week | Clarendon Road, Notting Hill | £8.25m | For sale through Middleton Advisors If there has been one trend that has defined the 2020s so far, it is the proliferation and penetration of ‘wellness’, that imprecise but ubiquitous term that covers everything from physical fitness to mental fortitude. Property developers have not [...]
Galliford Try hikes dividend as profit surges Property Galliford Try has reported a more than tripling in annual profit and hiked its dividend as the housebuilder's earnings surpassed analysts' expectations.
Rents rise at slowest rate in nearly three years – but average hits £1,200 Property A rise in properties on the market means rents for new lets have grown by their slowest rate in nearly three years this year, and are expected to fall below wage growth for this first time since 2021, an analysis has revealed. Rents for new lets grew by 5.7 per cent in the 12 months [...]
Watkin Jones: Property developer lowers profit guidance warning of ‘slow’ outlook August 21, 2024 Property developer Watkin Jones has warned investors that a “slower than expected” summer market and “uncertainty” over the pace of interest rate cuts will weigh on its full year results, as it lowered profit guidance. In a trading update, the Aim-listed firm, which in its half-year results in May returned to profit thanks to a [...]
A former royal residence in Little Venice could be yours… for £26m August 6, 2024 A former royal residence in Little Venice that was once owned by Irish-American dancer Michael Flatley has gone on the London property market for a cool £26m.
Regional REIT: Boost to bottom line as it looks beyond emergency capital raise August 5, 2024 Embattled real estate investment trust Regional REIT was given a boost from exchanges on six big leases in the three months to June, helping it achieve a double digit net rental uplift since the start of the year.
Rightmove urges Reeves to keep stamp duty threshold for first-time buyers as it posts ‘solid but uninspiring’ results July 26, 2024 Property giant Rightmove has called on the Government to retain the stamp duty threshold for first-time buyers, as it announced a solid but “uninspiring” set of results. Revenue at Rightmove rose by seven per cent to reach £192.1m, “as both agents and new homes developers renewed contracts, upgraded their packages and invested in additional products”, [...]
Bloomsbury: London’s literary hub set for £400m revamp July 21, 2024 Bloomsbury is set to get a £400m facelift thanks to a collaboration between some of the area's most influential landowners including Bedford Estates and Kimpton Fitzroy London.
Helical slashes dividend despite London lettings and development progress July 17, 2024 Progress in flagship central London office developments and the successful lettings of three Aldgate East spaces has led office specialist Helical to underline its confidence it has in the capital's office market despite having to slash its dividend.
Galliford Try set to smash profit predictions as it eyes £2.2bn revenue July 11, 2024 Housebuilder Galliford Try said it expects to exceed its profit predictions as its order book continues to grow.