Makeover for high street as cosmetic treatment firms snap up commercial units March 22, 2022 The UK high street is undergoing a makeover with fresh demand for units from dentists, cosmetic clinics and private healthcare. According to London estate agent Winkworth, commercial units are going to sealed bids as there has been a momentous pandemic interest in cosmetic procedures. Specialist medical services – including dentistry and cosmetic treatments – have [...]
Wates Group marks highest ever operating profit in 125-year history March 22, 2022 Construction firm the Wates Group has posted its highest ever operating profit of £40m, thanks to booking new projects last year. The family-owned firm said it secured £2.3bn of new work during 2021 and ended the year with a record forward order book of £7.1bn – up seven per cent from a previous record in [...]
Home transactions up with market for pricey properties booming compared to pre-Covid levels March 22, 2022 Property transactions hit 96,250 last month, with big spenders buying more than before the pandemic. Transactions were up 15 per cent in February, compared to 83,450 in January, according to HMRC’s latest data on home transactions. Total sales for the first two months of the year stand at 179,900, some 18 per cent lower than [...]
City of London ranked number one for planning application approvals nationally March 22, 2022 The City of London has topped the charts for approved planning applications in the country with almost 99 per cent. Research based on eight years of data from the government’s housing ministry looked at hundreds of districts across the UK, with the heart of the capital emerging as the best place to do up your [...]
City Pub Group sells number of pubs as operator eyes post-Covid property opportunities March 22, 2022 Premium pub operator City Pub Group has announced the disposal of six pubs for around £17.1m. Five venues on the south coast – the Walrus, Brighton Beach Club and Lion and Lobster in Brighton, the Inn on the Beach on Hayling Island and The Travellers Friend in Woodford Green, Essex – have been sold to [...]
Dame Julie Andrews: Sound of Music star’s former mansion being sold for £16.5m March 21, 2022 Sound of Music star Dame Julie Andrews former mansion in Wimbledon is being sold for £16.5m . The musical legend’s ex home, West Lodge, is a Grade II-listed building on Wimbledon Common, with 12 bedrooms; and when she inhabited it in the 1960s, she only lived in a portion of it. Would-be buyers can pick [...]
UK house prices surge above £350,000 as demand outstrips supply March 21, 2022 The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.
Pupil sells verified NFTs of real homes with proptech eyeing total revenue opportunity of $70m March 19, 2022 Spatial data firm Pupil has sold what it says are the first-ever verified NFTs of real-life properties. The London based proptech has launched a new class of NFT which involves very detailed digitisations of real life properties. Speaking exclusively to CityA.M., the company confirmed it has already garnered buyers across residential and commercial real estate. [...]
Property boss launches £1.5bn legal claim against Lloyds over Libor hit March 19, 2022 The former Centre Point owner has tabled a £1.5bn legal claim against Lloyds Banking Group, pointing to the Libor scandal as reason for his property firm’s woes. Founder of property investment firm Targetfollow, Ardeshir Naghshineh, said he would have never taken out certain loans if he had knowledge of the Libor benchmark being manipulated fraudulently. [...]
Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]