Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
Property of the week: Beer fans will lap up this Chiswick mansion with links to historic brewery September 20, 2019 Steeped in brewing history, this home that has come to the market in West London could be the perfect pad for a beer lover. Records suggest it was built soon after 1700 when it was used as a pub with links to the local brewery – though some of its foundations date back to an [...]
Selling your home? The price must be right… September 20, 2019 It’s a common refrain: “Number 22 sold for this much, but mine is worth more than that!” Whether you like it or not, British pride and financial security is based heavily on the value of our homes. Often, though, the price you have in mind is not necessarily what you get when you decide to [...]
New homes on the market in London this week, including a building with a ‘reflexology walkway’ September 20, 2019 Affinity House, Brent St George has launched 83 apartments at Affinity House, part of its Grand Union neighbourhood in Alperton in the London Borough of Brent. The building comprises studio, one, two, and three-bedroom apartments, each with a private outdoor space. Residents will be able to enjoy views over the Grand Union canal and will [...]
Airbnb plans to go public in 2020 September 19, 2019 Airbnb has revealed its intention to become a publicly-traded company next year. In one of the most prominent market listings scheduled for next year, the property giant has said today that it is looking to float in 2020. Read more: Wework delays IPO The move could see Airbnb, which is an online marketplace for lodging, [...]
UK house prices: Growth rate halves as south east faces ‘reality check’ September 18, 2019 The annual rate of growth of UK house prices has slowed to its worst rate since September 2012, according to public data released today, as prices in the south east plummeted. Average UK house prices grew just 0.7 per cent in the year to July, amounting to just half of June’s 1.4 per cent rise, [...]
Wework rival Knotel expands London presence with new City locations September 18, 2019 Knotel, the flexible workspace rival to Wework, has snapped up a string of new City locations as it continues to expand its presence in the capital. Read more: Wework rival Knotel secured unicorn status with $400m fundraising The New York-based startup has signed an agreement with property developer Great Portland Estates to take over 82,000 [...]
Billionaire businessman Teddy Sagi buys Grade II-listed Holborn building for £300m September 17, 2019 Billionaire businessman Teddy Sagi has bought a Grade II listed building in Holborn for £300m through his co-working investment vehicle Labtech. The 300,000 sq ft Victoria House, a neoclassical building constructed in the 1920s, is Labtech’s largest acquisition to date and brings the total value of its property portfolio to around £3bn. Read more: Belgravia’s [...]
Wework bond tumbles on delay to stock market float September 17, 2019 Wework’s bond price has fallen sharply following the company’s decision to push back its troubled initial public offering (IPO). The coworking company last night said it had postponed its float until the end of the year after a cold response from investors forced the firm to slash its valuation target in half. Read more: Wework: [...]
Wework IPO: Is the coworking giant still working for investors? September 17, 2019 Wework today revealed it will push back plans for its closely-watched initial public offering (IPO) after more and more investors gave the coworking giant the cold shoulder. Parent group We Company has been hampered by cooling investor appetite and has even reportedly slashed its planned valuation in half to $20bn (£16bn) in a bid to [...]