Aberdeen Standard offloads largest property fund asset December 11, 2019 Aberdeen Standard Investments has offloaded the biggest asset in its property fund following a spike in investor redemptions. The asset management giant has sold The Moor shopping centre in Sheffield to New River real estate investment trust, after putting it on the market with an £89.4m price tag. Read more: Debate: Should illiquid assets be [...]
From Woodford to the leasehold scandal, here are the big personal finance stories of 2019 December 11, 2019 December is usually the season to be jolly and reflect on the past year — though perhaps it doesn’t feel that way as we head to the polls tomorrow. Nonetheless, as the year comes to a close, let’s look at the big personal finance stories of 2019, which may give us some clues about what’s [...]
Chinese property firms in plans to upgrade eastern end of City December 10, 2019 Chinese firms that own swathes of the City are leading a drive to transform the area into a 24/7 leisure destination while maintaining its status as a leading global financial centre. The owners of the skyscrapers known commonly as the Cheesegrater and the Walkie Talkie are working with other landlords in an initiative to create [...]
Second Home co-founder to step down after US costs overrun December 10, 2019 The co-founder of shared office start-up Second Home is stepping down after costs over ran at the company’s first US site in Hollywood. Sam Aldenton, who established the business in 2014 with Rohan Silva – a former advisor to David Cameron – is leaving the firm, Sky News reported. Read more: The big business invasion [...]
Private equity tycoon Guy Hands looks to buy struggling Kier Living December 9, 2019 Private equity tycoon Guy Hands has reportedly made a bid for the housebuilding arm of struggling construction firm Kier. Hands’ private equity firm – Terra Firma Capital Partners – is one of the last remaining bidders for Kier Living. Read more: Kier’s COO leaves with immediate effect Analysts told Sky News that the company could be [...]
Housebuilder Berkeley sees profit slump nearly a third in first half December 6, 2019 UK housebuilder Berkeley Group saw its profit for the first half of 2019 fall over 30 per cent as Brexit-based uncertainty continued to hit the housing market. Read more: Berkeley Homes founder Tony Pidgley backs reforms to end land hoarding The figures Profit at the company fell from £401.2m in 2018 to £276.7m this year, [...]
Property of the Week: A quirky Georgian terrace in Bow – complete with pool December 6, 2019 Bow, the formerly industrial district of East London, isn’t renowned for its grand period properties – so there is considerable excitement among buyers when one does come on to the market. Such is the case with this five-bedroom property on Bow Road, which is not only an example of a beautifully-preserved Georgian period house, but [...]
Holiday homes: Limassol seeks new lease of life as a luxury property hotspot December 6, 2019 Cyprus has long been a favourite family holiday destination – sunny nearly all year round, moderately priced and famed for its homely Mediterranean cuisine and relaxed atmosphere. Glitzy St Tropez it is not, but that is all set to change as Limassol – located on Cyprus’ south coast – sets its sights on becoming Europe’s [...]
A festive trip to Harrods reveals Insta-ready windows and a new Homes section December 6, 2019 For a special Christmas treat, when I was a child we always went to see Santa in his grotto in a department store. If Harrods is your go-to grotto (he’s been there since 1955), your children will encounter the bearded one in a Secret Forest decorated with Swarovski crystal (a girl’s second-best friend). Visiting last [...]
Focus on Southgate: Second steppers find space in this family home hotspot December 6, 2019 Southgate in North London is a magnet for families, and it’s easy to see why. Not only does it have high-performing schools and an abundance of ample-sized properties, it also has plenty of green space (Grovelands, Broomfield and Oakwood parks are all nearby) and excellent links to central London thanks to its zone four Piccadilly [...]