Inside the ‘nationally significant’ plan to put Manchester ‘on the map’ April 24, 2025 The first phase of a “nationally significant” plan which would see 20,000 jobs created and put Greater Manchester “on the map” has been officially submitted. The Northern Gateway development would be the largest proposed employment site in the region – with its first phase including up to 6.5 million sq ft of employment space, supporting [...]
Paypal to open major office in London landmark April 23, 2025 Electronic payments giant Paypal has signed up to become the first occupier of a redeveloped office building on London’s Southbank. Paypal has agreed a lease for 40,000 sqft on the top floor of the building, a newly revamped Grade II-listed structure next to the National Theatre. Overall, the building will provide another 300,000 sqft of [...]
Foxtons: Sales revenue booms on stamp duty completion rush April 23, 2025 Revenue at London’s largest estate agent Foxtons has risen by a quarter, driven by the large number of completions brought forward to benefit from stamp duty relief. The company said that overall revenue rose by 24 per cent in the three months ended March 31, with a 73 per cent rise in sales revenue. Foxtons [...]
Dexters: High rents boost profit of London’s largest private estate agent April 22, 2025 Independent estate agent Dexters has reported a double-digit profit boost due to growth in its letting arm. Revenue rose 23 per cent rise to £222m in 2024, from £181m in 2023, with underlying operating profit up 17 per cent to £47.2m, from £40.4m in the prior year. Dexters, which is London’s largest estate agency with [...]
Workspace: Lettings activity surges but CEO warns on economic uncertainty April 17, 2025 Workspace lettings activity in Q4 was up around 15 per cent of the same quarter in the previous year, as the group competed for over £10m worth of new rentals
Tallest UK skyscraper outside London approved April 10, 2025 Plans to build the tallest skyscraper in the UK outside of London – which are backed by Hollywood legend Robert De Nero – have been given the green light. The Manchester city centre building will be developed by Salboy, which was co-founded by Betfred billionaire Fred Done, and will rise to 76 storeys. Land between [...]
Life on the edge: A deep dive into the crazy world of Margate April 10, 2025 Five years ago, some dilapidated public urinals in a park in Margate were sold at auction by the council to a private bidder for £11,000. The shabby little structure is barely visible from the path, a graffitied block hidden behind shrubs with weeds winding through the roof and floor. The original glazed urinals are exposed [...]
East London industrial site snapped up for £100m April 9, 2025 Global real estate investment company Kennedy Wilson has bought an east London industrial park for £100m. It’s a positive sign for London’s industrial market, which slumped to a decade-low last year as demand for warehouse and logistics sites faded after the pandemic boom. Kennedy Wilson plans to create a set of 10 sustainable industrial units [...]
Roman Basilica discovery forces new City skyscraper rethink April 9, 2025 Plans for a new skyscraper at 85 Gracechurch Street have been updated after the discovery of an “extraordinary” Roman Basilica at the site earlier this year. The proposed scheme now incorporates a public exhibition space in the 32-storey commercial building, which will celebrate the remains of the first Roman Basilica of London. The public immersive [...]
First-time buyers ‘becoming less reliant on parents’ April 8, 2025 First-time buyers are completing on their homes with less help from their parents – albeit slightly later in life – according to new data. First-time buyers who received money from a friend or family member went from 34 per cent of buyers in the first quarter of 2024 to just under 30 in the first [...]