UK commercial property rental values boosted by office and industrial sector October 22, 2019 Rental values in the UK prime commercial property market rose slightly in the third quarter driven by a strong performance in the industrial sector. UK commercial property values were up 0.4 per cent as industrial and office rental values increased 1.7 per cent. Read more: Sharp rise in property values for UK’s top shared office [...]
Softbank seizes control of Wework in deal netting Adam Neumann $1.7bn October 22, 2019 Softbank has won approval from Wework’s board to take control of the struggling office space company, in a deal that nets co-founder Adam Neumann $1.7bn (£1.3bn) but severs most of his ties with the firm. Neumann will also step down from Wework’s board, the Wall Street Journal reported. Read more: Wework creates committee to mull [...]
UK house prices suffer slowest October rise since 2008 October 21, 2019 Prospective home buyers have been undeterred by the approaching Brexit deadline, while sellers have been put off by ongoing uncertainty over UK house prices, according to Rightmove. The price of property coming to market has seen its lowest monthly rise at this time of year since October 2008. Prices are up 0.6 per cent this [...]
Capital & Counties share price climbs as property tycoon Nick Candy eyes bid October 21, 2019 Shares in Covent Garden owner Capital & Counties jumped this morning after high-end property tycoon Nick Candy confirmed he is considering a possible offer for the group. Candy Ventures, the investment vehicle owned by Nick Candy, has said it is in early talks for a possible cash off for Capco, which has a market value [...]
Property tycoon Nick Candy courts Saudis over Capco takeover bid October 20, 2019 Property magnate Nick Candy is said to be in talks with a Saudi investment fund over a potential takeover bid for Capital & Counties (Capco), the owner of Earls Court and Covent Garden. Candy, who developed the One Hyde Park complex with his brother Christian, has held early-stage discussions with Saudi Arabia’s Public Investment Fund [...]
‘Houseplant hotel suites’ showcase greenery that can make us feel calm, loved-up or more productive October 18, 2019 The UK’s first ‘houseplant hotel rooms’ are opening in East London this weekend. The jungle-like suites at the Leman Locke in Aldgate were created by three green-fingered experts as part of a project by The Joy of Plants, a Dutch organisation which promotes their wellbeing properties. ‘Biophilic designer’ Oliver Heath’s room is aimed at business [...]
These are the London boroughs where first-time buyers are getting the biggest discounts October 18, 2019 Recent reports of lagging London house prices have generally been met with a groan, as the mortgaged majority fret over the value of their property investment. This is not the case for would-be first-time buyers, though, who might find that they can snap up a home for less than they initially expected, or be able [...]
Super-rich millennials want their homes to feel like hotels October 18, 2019 There is a change taking place in London’s super- prime residential market. While the white stucco Georgian townhouses of Mayfair and Belgravia are still highly sought after, a younger generation of global wealth is now maturing – and they have very different aspirations when it comes to owning their own London pad. Having experienced the [...]
How to pick the best estate agent to sell your home October 18, 2019 When looking to sell your property, finding the right estate agent can feel like a real minefield. As a London-based property developer with over 30 years of industry experience, being able to identify the right people to find buyers for my finished homes has been vital to ensuring that the best prices were achieved – [...]
Interiors: Why country houses are inspiring autumn’s best-dressed homes October 18, 2019 Neutral, minimalist design has been the name of the interiors game for several seasons. And it’s easy to see why: it’s tasteful, fuss-free and appeals to almost everyone. The problem is, it’s not much fun – which is why it’s heartening to hear that the trends tipped for autumn are a bit more colourful. Charlotte [...]