Persimmon’s profits to beat expectations despite boss bonus scandal January 15, 2019 Housebuilder Persimmon today said it expects its full-year profits to be “modestly” ahead of market consensus thanks to a string of new developments. The company reported a four per cent rise in total revenues to £3.74bn for the year to the end of December, with legal completion volumes up three per cent to 16,449 new [...]
CapitaLand to buy real estate group in Asian mega-deal January 14, 2019 Plans to create Asia’s largest real estate investment manager were revealed today after Singapore’s CapitaLand said it will pay $8bn (£6.2bn) to buy logistics and industrial assets from Temasek. The Singaporean developer is purchasing the holding companies for a combination of cash and stock from the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate [...]
FTSE risers and fallers: Housebuilders climb on reports of Brexit delay January 11, 2019 Brexit sensitive housebuilders were the biggest risers in the FTSE 100 today after it was reported that the deadline for the UK’s departure from the European Union could be extended. Taylor Wimpey, Persimmon and Barrett Development took the top spots in the FTSE 100 today after it was revealed that a backlog of six essential bills, [...]
House sales fell in 85 per cent of London boroughs in 2018 January 11, 2019 House sales slumped in 85 per cent of London boroughs in 2018 amid a difficult time for the UK’s property market, new data revealed today. London fared worse than the rest of the country in terms of the number of transactions, with a 6.5 per cent overall year-on-year drop compared to a 4.9 per cent fall [...]
Interiors: Wellness is set to continue being a big theme in 2019, but here are some simple ways to make your home healthier January 11, 2019 One of the emerging trends of last year, the “reading nook”, was all about creating a cosy space to retreat to (one that also works for creative writing, listening to music – anything that’s the yin to your daily yang). It was really an extension of the wellness craze, something that’s set to continue into [...]
Opinion: If we want to stop families fleeing London, we need to design new apartments with their needs in mind January 11, 2019 Encouraging families to stay in London is vital to the economy and the social fabric of the capital. According to the latest figures from the influential think tank, Centre for London, the number of people aged between 25 to 34 fell by about 30,000 people between mid-2016 and mid-2017, with a net reduction of 21,000 [...]
Property of the Week: Interior designer Elspeth Lynn sells her home in Bayswater that’s an homage to Gatsby glamour January 11, 2019 For some people, making a house a home is fun, but for others it’s a chore. Especially – as is the case in many of central London’s most desirable postcodes – if it’s not even your main residence. If you don’t have time for a fixer upper, simply buy an interior designer’s flat. As luck [...]
Focus On Westminster: The home of Big Ben hasn’t traditionally been home to many Londoners, but nearby Victoria is changing that January 11, 2019 It is a curious truth that while Westminster may be home to the capital’s most famous icons, from Big Ben to the Houses of Parliament, Westminster hasn’t traditionally been home to many Londoners. Its proximity to the seat of government and its grand offices of state inspired companies to sprout up around it, creating a [...]
New homes: Our pick of the new builds going on sale in London this weekend January 11, 2019 New developments on the market this week Hampstead Manor, Hampstead From £740,000 A two bedroom show apartment is being unveiled this month on a huge restoration project in Hampstead, north London. Situated on Kidderpore Avenue, the interior design firm Johnson Ribolla has taken inspiration from authors who’ve lived in the local area to dress each [...]
UK’s largest pub owner Ei to sell off properties in £348m deal January 11, 2019 The largest pub company in the UK, Ei Group, will sell off the lion’s share of its commercial properties to a US hedge fund in a deal worth £348m. Ei today said it will sell 370 properties to Tavern Propco, a newly-incorporated private fund owned by Davidson Kempner Capital Management. The pub owner and operator, [...]