Weston Homes sets aside £50m to make London flats more eco friendly June 13, 2022 One of the UK’s largest housebuilders, Weston Homes, has set aside £50m to make all its houses in London and the South East more eco-friendly – in a bid to take advantage of “green premiums”. This will involve the fitting of heat pumps, solar panels and electric vehicle charging points, in and around 7,500 homes, [...]
Housebuilder Countryside Partnerships hunts for buyers after rejecting £1.5bn bid June 13, 2022 UK housebuilder Countryside Partnerships is on the hunt for buyers, according to a regulatory filing this morning, just weeks after it rejected a $1.9bn (£1.5bn) proposal from US firm Inclusive Capital. “A meaningful number of shareholders believe that the Company would be in a better position to capitalise on the opportunities ahead as a privately-owned [...]
Sirius Real Estate more than doubles rent roll in £380m UK push June 13, 2022 Industrial park and flexible workspace provider Sirius Real Estate has more than doubled its rent roll over the past year, as it continues to push into the UK’s hot property market. Rental income has surged over 73 per cent to €167m in the year to 31 March, up from €96.5m a year prior. Sirius put [...]
650k retail jobs lost in the past five years amid fears of unfair high street tax bills ahead June 13, 2022 Some 650,000 retail jobs have been lost in the past five years, as the high street comes under threat once more with consumer spending dropping amid historic inflation. The Centre for Retail Research has found that some 645,204 retail jobs have been lost and 72,580 stores closed across the UK since 2017. High street heavyweights [...]
Morrisons mulls sale of warehouses and fisheries in £600m deal June 12, 2022 Morrisons’ private equity owner is scouting for a buyer for its estate of warehouses, fisheries and food manufacturing hubs in a sale worth more than £600m. The New York private equity titan is mulling a sale-and-leaseback transaction in an endeavour to power returns from its £7bn takeover of the British grocer, according to a report [...]
Bec to the future: We blow the horn for fabulous Tooting Bec June 11, 2022 The London housing market tends to flow outwards from the prime central postcodes in a series of expanding circles, like the splash of a pebble thrown into a lake. Areas that would once have been undesirable ride the wave into fashion, while those in the centre see new ripples begin to form. So it is [...]
Off-market property sales account for one in five in London: Is it for you? June 10, 2022 Despite ferocious headwinds, the London property market is fizzing, with estate agents from Wimbledon to Walthamstow seeing homes listed and sold within days. This fierce competition has led to a boom in off-market sales, which hit a new record high this year, according to Hamptons. In the first quarter of 2022 they shot up 23 [...]
Exclusive: Sadiq Khan calls it a ‘national disgrace’ almost 10,000 tower blocks still have unsafe cladding like Grenfell June 10, 2022 Sadiq Khan has branded it a “national disgrace” that almost 10,000 tower blocks still have unsafe cladding, as the country prepares to mark five years since the Grenfell disaster. The London Mayor made his comments after data from the department for Levelling Up laid bare that hundreds of thousands are still at risk from living [...]
As fifth anniversary of Grenfell tragedy approaches, almost 10,000 high-rises still have dangerous cladding June 10, 2022 Almost 10,000 tower blocks still have ‘unsafe’ cladding as the country prepares to mark five years since the Grenfell disaster. Levelling Up secretary Michael Gove was unable to give the full figure while speaking to LBC earlier today, before the radio station obtained the data from the department laying bare that hundreds of thousands are [...]
London becomes fourth most expensive city in the world: Rent, petrol and cooking oil drive cost of living June 9, 2022 A perfect storm of rising inflation, the war in Ukraine and soaring house prices and rent, have turned London in to a pressure cooker of expense, making it the fourth most costly place to live in the world. London move up one place according to new research about cost of living for expatriates around the [...]