London Marathon property prices revealed ahead of this year’s race April 27, 2019 The average price of buying a property along the London Marathon route has been revealed as this year’s runners prepare for Sunday’s race. The 26.2 mile route begins in south-east London before snaking through Canary Wharf and The City and ends at The Mall. Read more: Four-day DLR strike over London Marathon weekend called off [...]
Property Legal Q&A: I want to carry out major renovations to my flat, but my lease prohibits structural alterations. Is there anything I can do? April 25, 2019 It is common for leases of flats to prevent any structural alterations by the tenant. In practice though, many landlords usually allow such alterations to be carried out subject to licence and, in certain circumstances, the payment of a premium. However, a recent case may have put a stop to this: Duval v 11-13 Randolph [...]
Taylor Wimpey shares dip as costs weigh on property giant April 25, 2019 FTSE 100 developer Taylor Wimpey posted a record sales rate this morning, but higher building costs weighed on the property giant's profit margins. Taylor Wimpey’s share price dipped more than five per cent in early morning trading, with the firm revealing it had seen a bigger-than-expected rise in costs in the first few months of [...]
House transactions rise in March April 24, 2019 Residential transactions edged up last month, according to new figures from HMRC. Read more: UK household earnings rise at sharpest rate in a decade House deals grew by 1.4 per cent between February and March, while transactions on an annual level climbed 6.8 per cent. What the experts said "These figures show a more resilient [...]
Nike to move UK headquarters to new King’s Cross building April 23, 2019 Nike will move its UK headquarters from Soho to a new building in a major redevelopment in King’s Cross. The US firm has signed a deal to lease at least 60,000 square feet in an 11-storey block in the upcoming area, the Evening Standard reported. The company is currently headquartered on Wardour Street in Soho, [...]
Tandem Bank scales up to Russell Square HQ April 23, 2019 Fast-growing digital bank Tandem has snapped up a new Bloomsbury HQ as it looks to double in size. Moving from King’s Cross, which has welcomed in the likes of tech giants such as Facebook and Sony over the last 12 months, Tandem is relocating to a 16,000 square foot (sq ft) office in Russell Square. Read [...]
Edinburgh Airport owner eyes £2bn sale as aviation infrastructure values soar April 21, 2019 Edinburgh Airport could be sold this year for as much as £2bn as its private equity owner looks to cash in on skyrocketing aviation infrastructure valuations. Global Infrastructure Partners (GIP), the airport’s largest shareholder, is eyeing the hefty price tag amid plans to sell its majority stake, the Sunday Telegraph reported, citing City sources. Read [...]
UK house prices: Growth hits seven-year low as London house prices plunge amid Brexit uncertainty April 17, 2019 UK house prices grew at their slowest rate in seven years early in 2019 as London house prices plunged, according to data published today. Read more: London house prices: How Brexit has hit prices in your borough UK properties only grew by 0.6 per cent in February compared to the same month last year, the [...]
Warehouse giant Segro makes £21.2m in new headline rent after share placing April 17, 2019 Property group Segro secured £21.2m in new headline rent in the first quarter of 2019, as it followed up on a fundraising designed to help it keep up with increasing demand in the ecommerce sector. Read more: Segro appoints chocolate boss as non-executive director The company, which invests in warehouses located in the UK and continental [...]
Scrapping no-fault eviction is a start, but Generation Rent deserves more April 16, 2019 Britain’s renters may well be celebrating the government’s plan to scrap Section 21, a landlord’s legal right to evict a tenant on a so-called “no fault” basis. The announcement on Monday is a step towards making tenants more secure in their homes, following recent research from Royal London, which found that nearly half of children in [...]