I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Sir Philip Green’s wife spent millions on London homes as BHS collapsed October 5, 2021 Sir Philip Green’s wife spent millions on London properties while thousands of employees working at now-collapsed BHS prepared to lose their jobs. Details of Lady Tina Green’s spending were laid bare in the ‘Pandora Papers – leaked offshore financial documents published by the BBC. Tina Green used a company located in the British Virgin Islands [...]
Sinic Holdings becomes latest firm to get caught up in Evergrande’s downward spiral October 5, 2021 Sinic Holdings has become the latest firm to be caught up in the downward spiral set off by Evergrande, the Chinese behemoth considered too big to fail by market analysts. Fitch ratings downgraded Sinic today after it defaulted on its debt interest payment. The firm is uncertain to honour a $246m bond repayment due later [...]
UK has nearly 1,800 more streets with average house price of £1m than a year ago October 5, 2021 Britain counts nearly 1,800 more streets with an average house price of £1m or more compared to 12 months ago, according to fresh data shared with City A.M. this morning. At least 11,673 streets in September 2021 had an average property price of £1m pus, which was 1,782 more than the 9,891 million pound streets [...]
Young Londoners want to stay in the city, but most are being priced out of properties October 4, 2021 Most younger Londoners do not want to move out of the capital to afford a home, but current property prices remain the biggest obstacle to being a homeowner for more than half of them, according to new research. The research, from affordable housing developer Pocket Living, also found that just two in ten of London’s [...]
Investors inject £3bn into central London offices in third quarter October 4, 2021 Investor interest in central London office buildings has returned with a vengeance, with spend surpassing pre-pandemic levels. Around £1.5bn was spent on City office buildings in the three months to September 30, according to preliminary data from real estate advisors JLL, compiled for the Evening Standard. It comes as office workers have made their return [...]
Schroders and Segro strike £345m industrial swap deal for seven warehouses October 4, 2021 Schroders’ UK Real Estate Fund said this morning it has completed a significant swap deal with Segro which involves seven industrial assets based across the UK. The recently completed transaction consisted of the sale of Matrix Park, in Park Royal London and a £65m capital payment in exchange for the simultaneous purchase of a portfolio [...]
Buyers seek second homes in London to avoid countryside commutes October 4, 2021 Commuters facing the reality of daily journeys into the city are hunting for London homes with a renewed zest. Home buyers are eager to have their cake and eat it too, with some people having settled in the countryside now looking for second homes in the city. The number of new prospective buyers registering with [...]
Evergrande shares suspended in Hong Kong amid takeover rumours October 4, 2021 Turmoil in Hong Kong this morning, as trading in shares from property giant Evergrande Group and its real estate management unit Evergrande Property Services have been suspended. The companies’ filings did not specify why the shares were stopped from trading. Cailian, a Chinese online news service affiliated with the state-run newspaper Securities Times, said another [...]
Bridgepoint enlists Rothschild for £1.3bn Miller Homes sale amid housing boom October 2, 2021 Bridgepoint is seeking to capitalise on soaring valuations as the housing market booms, with the sale or float of Miller Homes, one of the UK’s biggest housebuilders. The private equity firm has appointed investment bank Rothschild to advise on its potential exit from Miller Homes, four years after it bought the company from GSO Capital [...]
Rising construction costs will led to further house price growth September 30, 2021 House prices are expected to further soar thanks to increasing construction costs. Annual house price growth eased to 10 per cent in September, from 11 per cent in August, according to Nationwide Building Society. London was the weakest performing area of the UK in the third quarter of 2021 while the average UK house price [...]