Interiors: This on-trend shade could be the next millennial pink September 13, 2019 When Dulux launched its colour of the year 2019 – spiced honey – a sense of weirdness descended. I have yet to see walls painted in this cloying bronzy-tan. Yet with the launches for colour of the year 2020 upon us (from the likes of Dulux, Farrow & Ball, Graham & Brown and Pantone) there [...]
Battersea Power Station secures £600m funding for regeneration project September 12, 2019 Battersea Power Station has secured a £600m debt facility from its existing lenders to help finance the third phase of its redevelopment plan. The developer behind the project said it had agreed the funding with a consortium of financial institutions led by Standard Chartered. Read more: Battersea Power Station opens Coaling Jetty to the public [...]
Ex-Terra Firma boss poised to join Heylo September 11, 2019 The former boss of private equity house Terra Firma is set to be announced as the next chief executive of Heylo, a British provider of affordable housing. Andrew Geczy will be tasked with accelerating Heylo’s expansion, Sky News reported. It owns Home Reach which has delivered 4,000 properties and has raised hundreds of millions of [...]
Capital & Regional in talks to sell majority stake to South Africa’s Growthpoint September 11, 2019 Shopping centre owner Capital & Regional is in talks to sell a majority stake to South African property firm Growthpoint as the Johannesburg-based company takes advantage of weak UK retail property prices. Shares in Capital & Regional, which owns eight malls across the UK including Walthamstow, Wood Green and Ilford, rose more than 10 per [...]
Former Stobart chair Iain Ferguson takes charge at house builder Crest Nicholson September 11, 2019 Crest Nicholson has installed former Stobart chair Iain Ferguson as its non-executive chairman, as the house builder completes its refurbishment of top-level management. Ferguson, who will take the post in November, has been appointed just as new chief executive Peter Truscott is set to take the reins at the firm this month. Read more: Galliford [...]
Galliford Try sees profits sink amid Bovis Homes sale talks September 11, 2019 Galliford Try suffered a 27 per cent slump in profits in its latest financial year, it revealed today, a day after it restarted talks to sell its housebuilding arm to Bovis Homes for £1.1bn. Read more: Galliford Try’s share price rockets as it targets £1.1bn Bovis Homes sale The figures Pre-tax profits crashed 27 per [...]
Galliford Try share price rockets on £1.1bn Bovis Homes merger talks September 10, 2019 Galliford Try’s share price soared today as it restarted talks with Bovis Homes on a merger that could value its housebuilding unit at £1.075bn. The housebuilders have agreed high-level terms for a potential tie-up but told investors today that “there remains significant work to be completed” before they could finish the deal. Read more: Galliford [...]
Goldman prepares to take iQ public in £2bn float September 8, 2019 The chair of Aston Martin, who has overseen a quartering of its share price since listing last year, is preparing to hit the markets with another firm. The owners of iQ Student Accommodation, which is chaired by Penny Hughes, are planning to take the company £3.5bn worth of assets public, Sky News reported. Goldman Sachs [...]
First look: The super-luxe apartments within a former army barracks in Chelsea September 6, 2019 If ever there was a long-awaited London development, then Chelsea Barracks is it. Empty for a decade, and five years under construction, residents will finally start to move in this month. This week, the first show apartment was revealed – and even if we don’t have the £24m required to snap up this four-bedroom 4,000 [...]
Which London Boy location should Taylor Swift snap up a home in? September 6, 2019 When Taylor Swift released her latest album, Londoners were surprised to find she had penned an ode to our city in a track called London Boy. In the song, she travels around the capital using routes that anyone with a cursory knowledge of the transport system would find completely illogical, such as going from Shoreditch [...]