Exclusive: London MPs warn of DLR decline without new TfL funding deal December 5, 2021 The capital’s Docklands Light Railway (DLR) will be under serious threat of long-term decline without a sustainable funding deal for Transport for London (TfL), a group of London MPs have warned. The six MPs, all Labour members in East or South East London constituencies, wrote to transport secretary Grant Shapps today to say “some of [...]
Redrow appoints property veteran as new chairman as ex-CEO steps down after 20 years May 12, 2021 Redrow has appointed property industry veteran Richard Akers as its new chairman as former chief executive John Tutte prepares to step down after 20 years on the housebuilder’s board. Akers, a former director at commercial landlord Landsec, will join Redrow’s board as chair-designate on 1 June before taking on the role permanently from 15 September. [...]
Landlords suffer slump in retail and hospitality rent collection in December January 12, 2021 Commercial landlords struggled to collect rent owed by retail and hospitality tenants in December, as the sectors continued to be hit by the impact of lockdown restrictions on trading. Landsec – the UK’s largest commercial property development and investment firm – collected just 65 per cent of the £112m due in December, compared to a [...]
With no office, our future leaders are being held back January 27, 2021 In spite of the challenges facing central cities around the world at the moment, they are and will remain places with huge concentrations of the jobs which provide the greatest opportunities to learn and to move up the job hierarchy. For young people, Central London offers an unparalleled combination. A range of independent employers with [...]
Landsec chief executive Robert Noel to retire July 11, 2019 Landsec chief executive Robert Noel is set to step down next year, the property giant announced today. Noel will retire after ten years at the firm and eight in the chief executive role after he joined Landsec as managing director of the London portfolio in 2010. Read more: Landsec: A tale of two portfolios He [...]
What’s On In London In April 2024 March 27, 2024 Spring has officially sprung in London, and while the weather is taking a little while to reflect it, Central London Alliance has pulled together a wide variety of exhibitions, shows and experiences to enjoy in the capital. Take in some of the West End’s most anticipated musical runs with a London newcomer like Hadestown, or [...]
London Stock Exchange Group sees profits recover from 2020’s wave of pandemic uncertainty August 6, 2021 The London Stock Exchange Group (LSEG) has seen its total profits recover in response to pandemic uncertainty which rocked its financial markets in the first half of 2020. Total profit hit £2.7bn in the six months to 30 June, up from just £914m in the first half of last year when the stock market faced [...]
Landsec: A tale of two portfolios May 14, 2019 Investors trying to work out what the future holds for property giant LandSec, which delivered a dismal set of results to the City this morning, could do worse than take a stroll through its Square Mile development. The complex, aptly named One New Change, is a fitting example of how the FTSE 100 real estate [...]
Broadgate developer British Land posts annual loss as pandemic wipes £2bn off portfolio May 26, 2021 British Land posted its third consecutive annual loss as empty shops and offices squeezed the valuation of its portfolio. The commercial landlord said the value of its portfolio fell 10.8 per cent from £11.1bn to £9.1bn in the year ended 31 March. It reported a pre-tax loss of £1.08bn compared with a loss of £1.11bn [...]
Retailers prepare to reopen doors as shoppers look forward to returning to high street April 6, 2021 Retailers are preparing to reopen their doors next week after months of closure, with many consumers looking forward to returning to the high street. Research published this morning showed that 84 per cent of Brits said they are likely to visit their local high street or shopping centre next week, after non-essential stores reopen on [...]