London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
UK property transactions soar after General Election January 21, 2020 UK property transactions soared at the end of last year, according to government data, as both sellers and buyers made the most of renewed confidence following the General Election result. Residential property transactions in December jumped 6.8 per cent year-on-year to 104,670, a 6.2 per cent rise on November’s number. The total number of non-residential [...]
Central London office take up jumps in fourth quarter January 20, 2020 Office take up in central London jumped in the final quarter of last year, as the diversity of businesses operating in the capital provided resilience for the city’s commercial property market. Take up increased four per cent to 3.6m sq ft in the three months to the end of December, above the 10-year quarterly average [...]
Intu shares fall as it enters talks to raise more money January 20, 2020 Intu today confirmed it will seek to raise equity as it works to patch up its shaky balance sheet after a dreadful 2019 for retailers. The commercial real estate giant today insisted it was making “good progress” on improving its balance sheet, hailing a “busy” Christmas and saying footfall was 0.3 per cent up last [...]
UK house prices: Post-election surge breaks records January 20, 2020 The decisive result of the General Election sparked a record-breaking surge in UK house prices in December and January, in the latest sign that the UK housing market has been revitalised by a “Boris bounce” There was a 2.3 per cent monthly surge in the average price of property coming to the market between 8 [...]
Retail landlord Intu to seek £1bn of emergency cash January 19, 2020 Shopping centre landlord Intu is preparing to launch an attempt to raise £1bn in emergency funding following a torrid year for the UK retail industry. The property firm, which owns Manchester’s Trafford Centre, has been hurt by the challenges facing the retail industry, as brands such as Topshop, Debenhams and House of Fraser have closed [...]
Central London property investment soars after General Election January 17, 2020 Investment in central London’s office market soared in December, after the result of the General Election sparked a flurry of deal activity. The £4.9bn invested in the fourth quarter of last year was a 125 per cent jump on the amount invested in the previous quarter and was on par with 2018. The Conservative general [...]
It’s high time for London’s Low Line January 17, 2020 Plans for the new Low Line in Southwark have got Londoners a bit excited. The project to rejuvenate railway arches and convert them into shops and green spaces has inevitably drawn comparisons to the High Line in New York’s Meatpacking district, which became an instant hit with tourists when it opened in 2009. But the [...]
London property market sentiment strengthens after Conservative election victory January 16, 2020 London’s property market has enjoyed a “Boris bounce” following the result of last month’s General Election, as the capital saw a sharp increase in buyer interest and sales prospects. In December, 31 per cent of chartered surveyors saw a rise rather than a fall in enquiries from new buyers, up from minus 12 in November, [...]
Aviva Investors buys Docklands hotel site for £106m January 15, 2020 Aviva Investors’ Lime Property Fund has bought a £106m hotel development site near Canary Wharf. The asset management arm of Aviva has acquired the freehold interest in the site next to Westferry DLR station, where developer Rockwell will build a 30-storey Premier Inn Hotel. Read more: London luxury hotel market booms Whitbread, the owner of [...]
Bovis Homes to beat expectations with record profit for 2019 January 15, 2020 Vistry Group has reported that Bovis Homes is set to beat market expectations to deliver record profit despite political uncertainty putting pressure on prices last year. The housebuilder said this morning that it expects its Bovis operation to report pre-exceptional profit before tax for 2019 to be above an analyst consensus of £181.6m. Read more: [...]