Indian clothing tycoon who supplies Uniqlo, Decathlon and H&M buys Notting Hill home for £21m September 13, 2024 The owner of India’s largest clothing exporter has paid £21m for a home in Notting Hill in one of the UK’s biggest residential property deals this year. Harish Ahuja, owner and managing director of Shahi Exports, purchased the eight-storey property, which is more than 20,000 sq ft in July, according to a UK filing first [...]
Plans unveiled for major 54-storey skyscraper in the City of London September 12, 2024 Proposals for a new 240-meter-tall office building in the City of London’s eastern skyscraper cluster have been submitted for planning approval. The 54-storey 99 Bishopsgate scheme, filed earlier this week by developer Brookfield Properties, represents a key development in the Square Mile’s skyscraper boom as the area around Bishopsgate and Gracechurch Street undergoes a transformation [...]
Square Mile and Me: Capital Rise CEO Uma Rajah on navigating London’s fintech scene September 12, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Uma Rajah, CEO of Capital Rise, looks back on her journey from car factory floor to fintech boss.
Howard de Walden: Loss more than doubles at London property empire September 11, 2024 The London property empire which includes Marylebone Village and Harley Street saw its pre-tax loss more than doubled during its latest financial year. Howard de Walden Estates Holdings, which also includes some of the capital’s prime shopping areas as well as hundreds of homes, has reported a pre-tax loss of £254.2m for the year to [...]
Citypoint tower up for sale as owner seeks cut-price deal September 2, 2024 Canadian asset manager Brookfield has put Citypoint tower up for sale in what could be the biggest commercial office sale in the capital all year. Brookfield has reportedly started the sale in the hope of avoiding a default on a £460m loan secured on the building, according to the FT, which it previously extended in [...]
London gets even worse for first-time buyers as UK cities ranked September 2, 2024 London has become an even worse city for first-time buyers, according to new figures, but the situation has now stopped people flocking to the capital for the social and career opportunities. The capital has moved down one place to 44th out of 50 in the latest ranking from mortgage provider Aldermore. The study compared cities [...]
Price of the average London home on the rise as UK demand rockets August 28, 2024 The ‘average’ London home will now set you back more than £530,000 after house prices in the capital increased for the first time since April 2023, according to figures released today. Data from Zoopla’s latest house price index revealed that London property prices were up 0.2 per cent year on year in the first seven [...]
Why Lord’s Cricket Ground and Wembley Stadium are the best areas for buy-to-let in London August 19, 2024 Buy-to-lets in London are, famously, quite a good idea – if you have the money to spend on them. But rental yields – defined as the return on your investment after accounting for costs like mortgages and taxes – have been hammered by high interest rates lately, making it crucial to buy in the right [...]
‘Magnificent’ Hyde Park penthouse on sale for £60m August 13, 2024 A £60m penthouse has gone on sale in Hyde Park in a tentative sign that the super-prime market may be turning towards bigger, more expensive homes again. The apartment, which is one of London’s biggest listings in 2024, includes “one of the largest private terraces in central London”, according to James Van Den Heule, co-founding director [...]
UK’s largest pension fund agrees £405m homes deal with Blackstone August 13, 2024 The UK’s largest pension fund has acquired 3,000 homes from Blackstone for more than £400m. The Universities Superannuation Scheme (USS) has snapped up the portfolio of shared ownership homes from affordable housing company, Sage. Sage is majority-owned by Blackstone alongside real estate investor Regis and was formed in 2017. The £405m deal is the first [...]