Over 150 high-rise schemes stuck in limbo as red tape clogs up UK construction October 4, 2025 Over 150 high-rise construction projects in the UK have been stalled due to problems with the Building Safety Regulator, with over half of those located in London, according to new data. A new survey from the Construction Plant-Hire Association (CPA), the UK’s leading trade association for renting building equipment, has found that crane fleets and [...]
Hotel demand ‘holds strong’ while staff costs eat into profit October 1, 2025 Demand for UK hotels rose in August, although higher staff costs means that hoteliers saw profit drop. Occupancy increased from 81.4 per cent to 82.1 per cent in August year-on-year, and rose slightly from 84.2 per cent to 84.5 per cent in London, according to RSM and Hotstats. But room rates remained flat as consumers [...]
Marylebone High Street: Host of lettings take super-prime village to capacity October 1, 2025 Marylebone has welcomed eight new names to its high street, with continued demand for spots taking the village to full capacity. A host of fashion, perfume and food brands have leased shops on the high street, while two longstanding companies are set to unveil enhanced new store layouts. “Demand for stores is at its highest… [...]
Omaze house prize draws fuel first UK profit October 1, 2025 Omaze, which runs house prize draws across the UK, has made its first profit since launching in this country. The division of the US-headquartered business has posted a pre-tax profit of £6.2m for 2024, new accounts filed with Companies House show. The profit comes after Omaze reported a pre-tax loss of £17.3m for 2023. The [...]
City broker: Stocks have got the office cycle wrong September 30, 2025 City broker Panmure Liberum has said that listed commercial office firms are undervalued on London’s stock market given the rapid rise in rents in the capital. Commercial office leaser Great Portland Estates (GPE) has fallen nearly 60 per cent from its 2020 peak and significantly underperformed the FTSE 250 this year – but Panmure said [...]
New City of London ‘showpiece’ skyscraper approved September 30, 2025 A 34-storey skyscraper set to dominate the City skyline has been approved by Square Mile officials, in a major boost to the area’s high-grade office capacity and local economy. A proposal to redevelop a tower block at 130 Fenchurch Street into a “showpiece office building” was approved unanimously by the City of London Corporation’s planning [...]
Economic uncertainty pushes potential house buyers to hold off September 30, 2025 An unpredictable economic and policy landscape has caused a slowdown in housebuying activity in the UK, according to new data. There were 93,630 UK residential transactions in August, two per cent higher than August 2024 but two per cent lower than July 2025, according to HMRC. There’s been a “noticeable shift” in sentiment amongst Brits [...]
Wembley Park developer slashes losses by over £600m September 30, 2025 Losses at the company behind the transformation of Wembley Park in London were slashed by more than £600m during its latest financial year, it has been revealed. Quintain has posted a pre-tax loss of £109.5m for 2024, new accounts filed with Companies House show. The loss is down significantly from the £721.7m pre-tax loss it [...]
Access Bank chief executive snaps up £15m Hampstead mansion September 30, 2025 The boss of Nigeria’s biggest bank has snapped up a £15m mansion in one of London’s most prestigious postcodes, City AM can reveal. Roosevelt Ogbonna, who has been the chief executive of Lagos-based Access Bank since May 2022, has acquired a luxury pad on The Bishops Avenue in Hampstead. The transaction for the property was [...]
Everything to know about Shared Ownership: all your questions answered with our myth buster September 29, 2025 Places for People answer your questions about Shared Ownership, discussing everything from the lowest deposit amounts to service charges, staircasing and painting and decorating. Here’s everything you need to know if you’re considering taking the step to property ownership. Can I really buy a Shared Ownership home with as little as a £5,000 deposit?Yes, you [...]