Shock ruling: London property bigwig sent to jail after refusing to grant wife Jewish religious divorce April 1, 2022 A London property tycoon was sent to 18 months in jail this afternoon for engaging in coercive or controlling behaviour after failing to grant his wife a Jewish religious divorce. Alan Moher, 57, and Caroline Moher, who have three children together, separated in 2016 and divorced in the Family Court. But Moher did not give [...]
Buyers set hearts on Balham as stock gap hits unseen levels April 1, 2022 South London’s Balham has seen the biggest surge in buyer competition out of London boroughs this year. Buyer demand has soared 113 per cent over the past year, with home movers keen to snap up homes with space and gardens, Rightmove said. With Wandsworth and Tooting Bec commons around the corner, buyers are keen to [...]
Competition watchdog ‘raids’ Mitie Group’s London HQ over immigration centre contract investigation March 30, 2022 The Competition and Markets Authority (CMA) ‘raided’ the offices of outsource company Mitie, over concerns about alleged anti-competitive behaviour. The firm’s London premises were reportedly looked according to the Guardian, regarding its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). This comes after the CMA launched an [...]
Plans for huge theme park the size of 136 Wembley Stadiums is withdrawn, for now March 30, 2022 Plans for a huge theme park on the outskirts of London, reportedly the size of 136 Wembley Stadiums, have been temporarily scrapped. Request for planning by the London Resort site, billed as a venue to rival Disneyland Paris, was withdrawn this week, despite those behind it saying they are “still 100 per cent committed”. According [...]
Law firms drive demand for London’s ‘super-prime’ office space March 29, 2022 Law firms are driving demand for “super-prime” office space in Central London, amid fierce competition to recruit and retain legal talent. Law firms took up more than a quarter (27 per cent) of all office space in the City of London last year, according to figures from Knight Frank. Intense competition between law firms to [...]
Young, female, living in London: Who are the millions of people in the capital struggling to make ends meet? March 29, 2022 Five million working people now face the prospect of being unable to meet their financial commitments, according to new research shared with City A.M. this morning. from Baringa, the business consultancy. In the wake of the pandemic and with inflation at a 30 year high, specific groups of workers, such as women and young people, [...]
‘What th f*** bro’: Watch as reckless driver in East London live streams himself as he crashes in Newham March 28, 2022 A live stream on TikTok is going viral across London this morning, showing a street racer crash his car on the A13 in East London. Streaming himself like on the popular Chinese social media platform, the driver was seen racing at high speed through the east side of the capital late on Saturday night. While [...]
Sunday Spotlight: Less than 0.0007 per cent of all UK companies grew revenue at 20 per cent or more since 2017 March 27, 2022 Just 175, or approximately 0.0007 per cent of all UK companies have managed to grow their revenue by 20 per cent or more in each of the last five years, according to new research shared with City A.M. today. The findings show the difficulties in producing fast-growing companies that can maintain significant growth rates over [...]
Renters hunt for pet friendly landlords as millions of Brits took a dog during lockdown March 26, 2022 London renters are increasingly eager to find pet friendly landlords, after millions of Brits bought animals during lockdowns. Estate agency Chestertons said some 25-35 per cent of renters hunting for properties in the capital at the moment are pet owners. Demand for London rental homes is increasingly high as office workers look to return to [...]
Bermondsey Reach: Wittington Investments to snap up Southwark development with 300 flats March 25, 2022 Some 300 apartments are being planned for a site in Southwark that reportedly has a £135m development value. The 1.3 acre site has received planning consent for 312 residential flats and more than 20,000 sq ft of retail and commercial floorspace. Centerbridge and Argon Capital have appointed advisors from CBRE and KALMARS on the sale [...]