IWG revenue hit as Covid concerns drive hesitancy over office return November 2, 2021 Workspace provider IWG has taken a hit to revenue as rising Covid infections deterred some clients from ditching remote working. In its third quarter trading statement, IWG reported group revenue at £550.8m ($752.1m) in the three months ended September 30, down 0.3 per cent from the same period last year. Occupancy at its pre-2020 operations [...]
Thousands in London issued with ‘no fault’ eviction notices despite proposed ban November 1, 2021 Thousands of Londoners have been issued “no fault” eviction notices, despite the government pledging to ban them in 2019. Section 21 of the 1988 Housing Act has allowed private landlords to evict tenants with two months’ notice without having to prove any fault or wrongdoing – with 5,700 city folk receiving them over the last [...]
Faith restored: Gothic-style converted church goes on sale for £2m in Brighton November 1, 2021 City workers hoping to escape the capital can look to Brighton for a ubiquitous converted church. The two bedroom property on Queensbury Mews, in the city’s desirable BN1 postcode, is on sale on RightMove, with a guide price of £2m. Its listing says it combines “the most wonderful mix of both contemporary interior design,” while [...]
Landsec to buy property rival U+I for £190m November 1, 2021 Property giant Landsec has announced it will buy the property regeneration firm U+I for £190m. Mark Allan, chief executive officer of Landsec, said the acquisition would mean a bolstered focus on developing “world-class mixed-use communities that inspire and create opportunity.” The 149-pence-per-share offer for U+I represented a premium of 73.3 per cent to the stock’s [...]
Return to high street aids leasing boost for Capital & Regional November 1, 2021 London-based mall owner Capital & Regional said it has seen strong momentum driving its leasing activity as shoppers flock back to high streets. September was also its best month on month comparison versus 2019, after lockdown rules were gradually eased earlier this year. In the three months to the end of September, the firm completed [...]
Post-pandemic exodus may achieve what levelling up agenda has not as City’s wealthy retreat October 29, 2021 The City of London is today unrecognisable from the form it took just two years ago, as the impact of the pandemic has left it relatively quiet and lacking the commuter traffic that has long characterised the Square Mile. In fact, a recent report showed that footfall in London stands at just 35 per cent of pre-pandemic [...]
Focus on: Royal Docks – Royal Albert Wharf is a trendy new neighbourhood October 29, 2021 Stretching 4km along the northerly banks of the River Thames, the Royal Docks, in the London Borough of Newham, were originally built for importing and exporting goods during the Industrial Revolution. Closed in the 1980s, they have been undergoing a great deal of regeneration over the last decade, with a diverse array of residential, commercial [...]
Let there be light: Where to buy neon art for your home October 29, 2021 Ever fancied turning a spare room into a screening room for cosy nights in? Last year I gutted my spare room and my shower room in an ill-conceived bid for some lockdown home improvements (sounds familiar?), then, having turned my home upside down, I found myself time-poor and have been living with the mess ever [...]
Confidence in property market goes up despite end of Stamp Duty holiday October 29, 2021 UK buyers are increasingly becoming more positive when it comes to the property market, despite the Stamp Duty holiday coming to an end at the end of last month. Data from OnTheMarket’s property sentiment index revealed that, within the next three months, 74 per cent of active UK buyers firmly believed they would buy a [...]
Exclusive: ‘London needs to take a leaf out of Dorset’s book,’ argues veteran City lawyer October 28, 2021 As restrictions have eased, office doors reopened and professionals flock back into the City, life is once again teeming in London. However, as living priorities and sustainability targets have evolved post-pandemic, London must ensure that it remains attractive, liveable and sustainable in the long-run. A formula that has proven to create eco-friendly and community-focused residential [...]