Retail estate landlord New River Reit posts drop in asset value as high street woes worsen November 21, 2018 Real estate giant New River Reit saw the value of its assets dip in the six months to September, in a further sign of the tough challenges facing landlords on the high street. Net assets totalled £864m in September this year, marking more than a three per cent drop from March, while funds from operations [...]
London house buyers report growth in gazumping despite wider UK decline November 21, 2018 Roughly two in every three London buyers has been ‘gazumped’ on a house purchase in the last year, according to a new poll which underlines the growing frustration within the capital’s housing market. Gazumping, which is the process of agreeing to a person’s offer on a property and then selling the house to another buyer [...]
Focus On Woolwich: This soon-to-be Crossrail hub will see its population increase by 58 per cent by 2026 November 20, 2018 Last month, the Woolwich Ferry made its final voyage across the Thames. For many, it was an emotional farewell as locals had watched it transport cars and people from one side of the river to the other for the last 55 years. Though the Ferry is no more, the service resumes in December with two [...]
Interiors: Why you should go the extra mile this Christmas and make your own wreath November 20, 2018 As golden leaves flutter and fall, it’s time to get all fired up about decorating for the festive season. From a stunning wreath on the front door, to scented table pieces, to traditional garlands snaking their way up the bannisters, it’s the stylish and fragrant way to add seasonal cheer, and chuck the potted cacti [...]
New homes: Our pick of the new builds going on sale in London this week November 20, 2018 New developments on the market this week Erith Baths, Bexley From £77,875 for 35 per cent for a one bed flat (fmv £222,500) Part-buy, part-rent these new homes in an up-and-coming part of south east London. Eight one and two bedroom Shared Ownership apartments are on sale with housing association L&Q as part of a [...]
City skyscraper Twentytwo set to lure in another insurer November 20, 2018 The City's tallest skyscraper is expected to land yet another major insurance tenant in the coming weeks, with news this afternoon that broker THB Group is in talks to rent 35,000 square feet of space. THB Group is set to become the third insurer to move into 22 Bishopsgate, known as Twentytwo, once construction is completed [...]
Airbnb sparks controversy by removing listings in the occupied West Bank from its website November 20, 2018 Online rental service Airbnb has said it will remove from its website all homes in Israeli settlements in the occupied West Bank. The US firm said it made the decision because settlements were "at the core of the dispute between Israelis and Palestinians". Airbnb said that while domestic law permitted it to "engage in business" in the [...]
Housebuilder Weston sees profits soar as it plans £28m expansion November 19, 2018 Housebuilder and office provider Weston has reported a huge increase in revenue and pre-tax profits as the developer cashes in on rising demand for new homes. The volume housebuilder, which operates in London and the south east, said its pre-tax profits increased over 50 per cent year on year to £35m. The group’s revenue was up [...]
Europe’s real estate investors dominate central London commercial market November 19, 2018 European buyers dominated Central London’s commercial property market in the third quarter of 2018, according to a new Knight Frank survey which underlines investor appetite from the continent. Accounting for almost 40 per cent of Central London’s market share by price, buyers from across Europe are on course to exceed their 10-year average levels of [...]
Flower in the City: The Tulip could be the tallest tower in the Square Mile November 19, 2018 New proposals to build the tallest ever tower in the Square Mile were revealed this morning, as City planners prepare to open their doors to a fresh wave of skyscrapers that could transform London’s skyline. Developers have submitted plans to build a dramatic 305-metre viewing attraction dubbed ‘The Tulip’, which would be built alongside The [...]