Online property group Emoov to join forces with Tepilo and Urban in £100m merger May 30, 2018 Online real estate group Emoov today announced a £100m merger with digital property firm Tepilo and online letting agency Urban. The combination of the three proptech companies will create the second-largest online real estate agent in the UK behind industry leader Purplebricks. The merged business will be headed by Emoov CEO Russell Quirk, the company [...]
London airspace property developer Apex Housing hits new heights with £6.25m investment from the Business Growth Fund May 29, 2018 Apex Housing, a business which creates flats above London's rooftops, has today nabbed a £6.25m investment from the Business Growth Fund (BGF). Founded in 2008, Apex purchases unused "airspace" above residential, commercial and public building rooftops and converts the space into homes. It uses modular construction methods to build the properties in an offsite factory [...]
Interiors: Westfield London’s flagship John Lewis wants to usher the high street into the 21st century with ‘experiential’ shopping March 24, 2018 It’s been 10 years since Westfield shopping centre opened its doors to much fanfare in White City, and this week its £600m expansion opened a full six months early. Westfield London, as the west London outlet is called, is already the largest retail destination in Europe and it has more potential customers than ever as [...]
Focus On Hackney: How the London Overground caused a price surge in E8 March 23, 2018 Though the area around Hackney Central is better known as hipster central, the property prices certainly don’t reflect the salaries of young, freelance creatives. The E8 postcode has seen some of the most dramatic house price rises in the whole of London, a trend that has survived the plateau-ing – and declines – of recent [...]
Focus On Hackney: How the London Overground caused a price surge in E8 March 23, 2018 Though the area around Hackney Central is better known as hipster central, the property prices certainly don’t reflect the salaries of young, freelance creatives. The E8 postcode has seen some of the most dramatic house price rises in the whole of London, a trend that has survived the plateau-ing – and declines – of recent [...]
House prices continue to fall in London, with experts predicting muted growth until 2022 March 19, 2018 London house prices continued to fall last month as the capital's housing market cooled, with experts predicting price growth to remain subdued until 2022. Asking prices fell by 0.6 per cent year-on-year this month, according to figures published today by Rightmove. The average price for a property in London was £631,651. Read more: London house [...]
Interiors: Boudoir, millennial or Scandi pink – it doesn’t matter what you call it, it’s the hot colour trend of 2018 March 16, 2018 Despite February’s snowdrops and a smattering of spring bulbs, winter wasn’t done with us this week. So let’s look on the bright side with the hot trend for 2018 – luscious, glamorous pink. We saw it emerge a couple of years ago with blush home accessories, but now interior designers have gone to town to [...]
London beats New York as top real estate investment destination for Norway’s massive sovereign wealth fund March 13, 2018 London has overtaken New York as the top real estate investment spot for Norway's massive $1 trillion (£715bn) sovereign wealth fund. The fund, which is one of the biggest investors in the UK and co-owns Regent Street, bought almost £200m worth of London property last year in partnership with the Queen's Crown Estate. These included [...]
Buyers sought for hotels at centre of dispute between Hilton and Vincent Tchenguiz March 11, 2018 Ten hotels at the centre of a dispute between Hilton and a property tycoonare to be put up for sale again. The string of hotels previously owned by Vincent Tchenguiz are poised for new ownership, as administrator AlixPartners appointed agencies to find buyers according to The Sunday Times. JLL and Savills have been selected to [...]
Property of the Week: This converted water tower in Kennington is now worth £3.6m March 9, 2018 There are plenty of industrial landmarks in London that have been given a new lease of life, from Battersea Power Station to the Tate Modern. But rarely is there the opportunity to live in one. The Water Tower, Kennington, £3.6m This former water tower that’s moments away from Kennington underground station is the ideal mix [...]