Spanish retail billionaire zeroes in on £600m London building deal December 2, 2019 A Spanish retail billionaire who owns fashion chain Zara is close to acquiring a West End office block for £600m. Amancia Ortega, via his real estate investment vehicle Pontegadea, is set to acquire The Post Building a 320,000 sq ft development in an ex-Royal Mail sorting office on Museum Street in Holborn. A deal is [...]
Civitas Social Housing raises interim dividend as profit jumps December 2, 2019 Civitas Social Housing has raised its interim dividend after reporting increases in pre-tax profit and revenue for the first half as the value of its portfolio continued to climb. Profit before tax rose 65 per cent to £17.4m during the six months to 30 September at the real estate investment trust, while revenue rose 45 [...]
Capco to become real estate investment trust after completing £425m Earls Court sale December 2, 2019 Capital and Counties will officially become a real estate investment trust (Reit) this year after selling off its vast Earls Court development site. The FTSE 250 property giant said it is now a “prime central London property investment business centred around Covent Garden” after officially completing the sale of its stake in Earls Court to [...]
Uber eyes Square Mile move despite London licence ban December 1, 2019 Uber is eyeing offices space in the Square Mile as it looks to expand in the capital despite Transport for London’s decision last week to not renew its licence. The ride-hailing app is reportedly looking for a bigger European headquarters after the lease on its Aldgate office expires, and is mulling options at 60 London [...]
Focus on Lewisham: New social scene sparks interest from first-time buyers November 29, 2019 One might assume there is something in the water in Lewisham. Although it is a relatively unassuming corner of South East London, it has been the birthplace of a wealth of musical talent: Cream drummer Ginger Baker, Rolling Stones bassist Bill Wyman and Sex Pistols frontman Sid Vicious were all born there. The town’s own [...]
How a Notting Hill garage was transformed into an LA-style luxury home November 29, 2019 When you think of Los Angeles, you probably imagine broad, sun-drenched streets, palm trees and the kind of airy, modern villas that we see on TV and in the movies. It doesn’t have much in common with rainy London – but that didn’t deter the designers of a new home in Notting Hill, who set [...]
New builds: homes on the market in London this weekend, including a former BHS in Ealing and shared ownership in the Docklands November 29, 2019 So Resi, Ealing From £106,000 for a 25 per cent share of a one-bed The former BHS store on Ealing Broadway has been transformed into a collection of one, two and three-bed apartments by Metropolitan Thames Valley Housing. The building contains plenty of outdoor space, with a communal podium garden on the first floor and [...]
Fancy a Christmas tipple? Here are London’s best-dressed festive bars and hotels November 29, 2019 Since writing this column my bah humbug feeling about the run-up to Christmas has been transformed. Now that I am blissfully untouched by Christmas jingles bombarding me from shops and TV (thanks, internet), Christmas cheer is all around me as London slowly lights up. We are spoilt for choice in terms of where to gather, [...]
Opinion: Reservation agreements can take the stress out of selling your home November 29, 2019 Reservation agreements – the practice of buyers and sometimes sellers paying a fee to show their commitment to buying a property prior to exchange – are having their moment in the spotlight as the government is on the cusp of launching its official trial. Early in the new year, it will ask selected estate agents [...]
UK house prices: Growth hits seven-month high November 28, 2019 UK house price growth ticked up this month, showing the strongest annual rise since April. However, annual house price growth remained below one per cent for the 12th month in a row at 0.8 per cent, reaching an average price of £215.734. House prices were up 0.5 per cent month-on-month, according to the latest Nationwide [...]