Workspace giant IWG posts double-digit growth as international demand swells May 1, 2019 The world’s largest serviced offices group posted a double-digit rise in revenue this morning amid growing international appetite for its workspace brands. Read more: IWG shares surge after £320m Japanese franchise deal IWG, the firm which owns Regus and Spaces, revealed a 10 per cent rise in its first-quarter revenue today, rising in line with [...]
UK house prices suffer fifth month of ‘subdued’ growth amid Brexit uncertainty May 1, 2019 UK house price growth remained flattened in April, as the annual price growth rate rose less than one per cent, the latest data showed today. Read more: London house prices plunge in blow to UK housing market UK house price growth remained quiet in April, as the annual price growth rate rose less than one [...]
Countrywide warns of earnings hit as it blames Brexit for sales slowdown April 30, 2019 Embattled estate agent giant Countrywide warned this morning that £5m would be wiped off of the group’s first-half earnings, as it blamed Brexit uncertainty for a slowdown in the UK property market market. Read more: Countrywide losses deepen amid housing market slowdown Countrywide, which owns brands such as Bairstow Eves and Gascoigne Pees, posted a [...]
The We Company confidentially files to go public April 29, 2019 The We Company, the firm behind office sharing giant Wework, has confidentially filed to go public. The firm said today it had amended documentation to an earlier filing with the Securities and Exchange Commission in December last year. No financial information was revealed in the filing, though the We Company was reported in March to have made [...]
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 [...]