Galliard Homes to develop £140m luxury flat complex above Crossrail station November 12, 2019 Galliard Homes will develop a £140m luxury residential and retail development above Tottenham Court Road’s Crossrail station. The property investor has exchanged contracts with Transport for London for £43m, it announced today. Read more: Crossrail will not open until 2021, bosses admit Tottenham Court Road West (TCRW) will include 92 flats – with prices for [...]
Student property developer Crosslane targets London co-living market November 12, 2019 Student property provider Crosslane has moved into the co-living market with a £355m pipeline as it eyes three new developments in London. Crosslane Co-Living has secured sites in Walthamstow, east London and Manchester’s Deansgate to build 366 new rooms over the next two years. The rental model, which is aimed at millennials, sees tenants rent [...]
Landsec swings to first-half loss after retail property values plunge November 12, 2019 Landsec swung to a pre-tax loss in the first half of the year after the value of its retail and leisure assets suffered in an increasingly challenging market for tenants. The figures The company reported a pre-tax loss of £147m, compared to a profit of £42m the previous year, resulting in a loss per share [...]
Wework in talks with T-Mobile boss over chief executive role November 11, 2019 Wework has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with the matter said on Monday, as the US office-sharing start-up seeks to reverse its widening losses. Wework’s current co-chief executives, Artie Minson and Sebastian Gunningham, have only been in place since September, but talks indicated [...]
DEBATE: Are there any benefits to the rise of renting? November 11, 2019 Are there any benefits to the rise of renting? Anne-Marie Brown, founder and chief executive of Love to Rent, says YES. While the UK has traditionally been a nation of homeownership, more people are choosing to rent, and the profile of renters is changing too, with more families and retirees looking for a stress-free alternative. [...]
Focus on Barnsbury: An elegant oasis between Islington and King’s Cross November 8, 2019 Barnsbury counts bustling King’s Cross and lively Upper Street among its neighbours. But if you were blindfolded and dropped in the middle of one of its streets you’d probably think you were in a sedate suburb rather than the heart of N1. Firstly, it is very quiet – so quiet that, in 2013, one of [...]
Property of the Week: A modern mews hidden in the heart of the legal district November 8, 2019 London lawyers looking for a pied-a-terre could find their perfect home in this secluded new mews development in the heart of the legal district. Pinks Mews is a Victorian block on Dyers Buildings; a quiet gated street set just behind the hustle and bustle of Holborn. It has just been redeveloped to create 35 luxury, [...]
Persimmon blames sales drop on customer satisfaction drive November 7, 2019 Housebuilder Persimmon today blamed a drop in first half sales volumes on the implementation of a new customer care improvement plan. Under the plans Persimmon has restricted the release of new homes for sale until construction has reached a more advanced stage, meaning sales declined six per cent year on year to 7,584 homes. Read [...]
UK house prices: Growth slows in October November 7, 2019 Annual UK house price growth slowed last month due to ongoing political and economic uncertainty. House prices were up just 0.9 per cent in October – the lowest growth seen so far this year – as the new uncertainty of a general election and the impending Brexit deadline hit consumer confidence. Read more: Revealed: The [...]
Plans unveiled for £100m underground development in West End November 6, 2019 Plans have been submitted for a £100m underground development to expand the Harley Street medical area in London’s West End. The 280,000 sq ft development beneath Cavendish Square – one of the capital’s original Georgian squares – will house healthcare facilities as well as retail and leisure spaces. Read more: West End landlord Shaftesbury unaffected [...]