Wework sells former CEO Adam Neumann’s $60m private jet September 27, 2019 Wework is reportedly preparing to sell ex-chief executive Adam Neumann’s $60m private jet after the founder was this week forced to step down from the company. Some investors said the private plane was a sign of poor corporate governance in the lead up to the firm’s delayed initial public offering, Business Insider reported. Read more: [...]
GoodWaste: The graduate designers creating unique homewares from scavenged marble September 27, 2019 Sometimes success comes knocking at a young person’s door, and they are so prepared that they already have their coat and shoes on. This is the story of how three dynamic Royal College of Art MA product design students had a bloody good idea for their degree show – and a few weeks after graduating [...]
Focus on Wapping: First-time home buyers are taking advantage of City connections and ‘sensible’ prices September 27, 2019 Located on the north bank of the Thames just to the east of Tower Bridge, Wapping is one of the few remaining postcodes where you can snap up a flat within walking distance of the City without a completely eye-watering price tag. Formerly the domain of dock workers, large swathes of the area have been [...]
Property of the week: A colourful Cuban home for the well-heeled September 27, 2019 As the nights draw in, what better way to liven up those long, dark evenings than coming home to a place that is bursting with colour and warmth? That is exactly what you will get if you move into this maisonette at 212 Kensington Park Road in Notting Hill, which has just come on the [...]
New builds: Homes on the market in London this week, from a former quarry to flats overlooking the Houses of Parliament September 27, 2019 Ridgeway Views, Mill Hill From £93,125 for a 25 per cent share of a one-bed Buyers looking for a leafy, suburban location on a budget will want to check out L&Q’s Ridgeway Views, launching this Saturday. The shared ownership homes are located in Mill Hill, close to the 35-acre Mill Hill Park, Arrandene Open Space [...]
Workspace hub Knotel thinks it’s solved Wework’s business model problems September 26, 2019 Wework’s ill-fated initial public offering (IPO) will have only a “limited” impact on the fortunes of flexible workspace rival Knotel, the firm’s boss has said. Tom Dugarin, Knotel’s UK general manager, played down concerns about Wework’s troubled listing, saying his company had a more sustainable business model. Read more: Wework rival Knotel expands London presence [...]
Softbank in talks to invest extra $1bn in Wework September 26, 2019 Softbank is planning to invest an extra $1bn in flexible office space provider Wework, changing a warrant agreement made before the firm delayed its initial public offering (IPO) plans. The Japanese investor originally agreed to pump $1.5bn into the co-working startup, allowing Wework to access the funds next April in return for Class A common [...]
Foxtons chair steps down after turbulent year September 26, 2019 The chair of Foxtons said he would step down this morning after half a dozen years at the head of he board during which the share price has plummeted. Gary Watts will have stepped down by the time the real estate agent holds its annual general meeting in May next year. Read more: Foxtons sales [...]
The modular model: Can factory-built homes solve the housing crisis? September 26, 2019 picture a vast warehouse somewhere in the north of England. Workers in hard hats are poring over intricate plans against a background of humming machinery. Robot arms slice through sheets of metal and wood as they pass by on a conveyor belt, precisely cutting out shapes that look like huge versions of Airfix models. Across [...]
Student housing provider IQ Student Accommodation appoints advisers for float or sale September 25, 2019 The owners of UK student housing provider IQ Student Accommodation (IQSA) have reportedly hired banks to advise on a float or a sale. IQSA has appointed Goldman Sachs, Morgan Stanley and real estate adviser Eastdil Secured to oversee the sale or listing of is £3.5bn student housing portfolio, Sky News reported. Read more: Greene King [...]