MJ Gleeson shrugs off Brexit fears as profits rise September 16, 2019 Low-cost housebuilder MJ Gleeson posted a double-digit rise in earnings for last year as it shrugged off Brexit uncertainties and enjoyed continued demand in the north of England. Read more: MJ Gleeson boss: Our customers don’t give a damn about Brexit The developer reported £41.2m of pre-tax profits during 2019, rising 11 per cent from [...]
Housebuilder stocks facing a Brexit wrecking ball? September 16, 2019 | City Talk The construction sector seems to be freezing ahead of a potential Brexit. Are investors right to be fleeing housebuilder stocks? The housing sector has been affected throughout the Brexit process, with demand, supply, prices and overall transactions shaken up in the wake of the 2016 referendum. It has not been a straight path for the [...]
UK house prices see first September fall for nine years September 16, 2019 UK house prices have witnessed their first September fall since 2010, according to a closely-watched gauge, as Brexit uncertainty continues to dampen sales. The average price of property coming to market fell by 0.2 per cent in September, the house price index from real estate website Rightmove showed. “As we approach yet another Brexit deadline, [...]
Wework IPO: Firm cuts founder’s supervoting power to save float September 13, 2019 Wework is set to slash the supervoting power of its co-founder to assuage fears of investors as it tries to save the company’s initial public offering (IPO). The firm will also appoint a lead independent director by the end of the year as well as cut Neumann’s voting power from 20 votes per share to [...]
New builds: Properties on the market in London this week, from Nine Elms penthouses to Spitalfields family homes September 13, 2019 Battalion Court, Woolwich From £343,000 for a one-bed This Saturday, Bellway is launching a new show home at its Battalion Court development in Woolwich. The homes are perfectly placed for buyers looking to take advantage of the Crossrail effect, with nearby Woolwich station set to open in 2020. One, two and three-bed apartments are available [...]
Focus on: Living by the River Thames September 13, 2019 Every September, the River Thames plays host to the Totally Thames festival; a month-long event which sees it taken over by art installations, history tours and performances. It’s a chance for Londoners to reconnect with the body of water that provides the backdrop to our daily lives, and make the most of some of the [...]
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 [...]