Property giant Land Securities appoints new chief executive November 22, 2019 Land Securities announced on Friday that Robert Noel is stepping down as chief executive, just 10 days after the property developer reported a first-half loss. Mark Allan, chief executive of St Modwen Properties and former boss of student accommodation company Unite, has been appointed as Noel’s replacement. Read more: Property giant Land Securities eyes £650m [...]
First look: Zaha Hadid Architects’ flower-inspired lobby for Southbank Tower November 22, 2019 The critically-acclaimed firm of architects founded by the late Zaha Hadid is responsible for London cultural landmarks like the London Aquatics Centre built for the 2012 Olympic Games and the Serpentine Sackler Gallery in Hyde Park. Until now it had not worked on any residential projects in the UK, but it has just started a [...]
Forget chemicals – these organic Luke Irwin rugs are dyed with turmeric, peppers and rhubarb November 22, 2019 I love rugs – a room simply isn’t dressed without one. I didn’t think I could champion rugs any more than I already do until I spoke with Luke Irwin, who has been selling his eponymous brand since 2003 and recently moved to larger premises on Pimlico Road. Here, his richly textured creations are hung [...]
Property focus on Sloane Square: This 1980s hotspot is experiencing a revival November 22, 2019 It may be famed for being the social epicentre for the young and blue-blooded in the 1980s, having lent its name to the Sloane Ranger set which included Princess Diana and Sarah Ferguson. But the area around Sloane Square is now getting a modern makeover – and vying with other parts of Chelsea and Mayfair [...]
Countryside reports profit jump as CEO announces exit November 21, 2019 UK housebuilder Countryside Properties reported a jump in profits as it announced chief executive Ian Sutcliffe is set to step down next year. The figures The developer said profit for the year ended 30 September was £168.4m, up from £148.6m the previous year. Read more: Poll: UK house prices won’t match low inflation until 2021 [...]
Revealed: These are buyers’ top priorities when looking for their next home November 21, 2019 UK house hunters consider a car parking space and a garden to be the top priorities when searching for a new home, according to new research. “Garage” and “parking” were the first and third most searched terms online by potential property buyers. Read more: London house prices suffer biggest annual drop in England Meanwhile, “garden” [...]
Poll: UK house prices won’t match low inflation until 2021 November 20, 2019 UK house prices will not match low inflation until 2021 and are set to fall in London this year as buyers are put off by continuing Brexit uncertainty, according to new research. House prices in the capital will fall 1.5 per cent this year and only hold steady in 2020, a poll by Reuters found. [...]
Hammerson continues retail property disposal with £54m sale November 19, 2019 Hammerson has continued its property disposal programme with the £54m sale of a Gloucester retail park to a local authority. Following the sale of St Oswald’s Retail Park, Hammerson has reached £577m worth of disposals in 2019, including the sale of a major stake in its Italie Deux flagship destination in Paris for £423m in [...]
Homeserve posts higher revenue as it eyes US expansion November 19, 2019 Emergency repairs business Homeserve saw revenue jump 13 per cent in its latest half-year results. That led it to hike its interim dividend as it announced a $140m deal for a controlling stake in US firm eLocal, as it boosts its presence across the pond. Read more: Shareholders rebel at Homeserve over ex-director payouts The [...]
St James’s Place City of London office on sale for £76m November 18, 2019 The owner of the St James’s Place office in the City of London has put the building up for sale for £76.1m. McKay Securities, a real estate investment trust focused on office and industrial property in London and the south east, is looking for buyers for 30 Lombard Street, which is completely let to the [...]