A non-dom tax U-turn could revive prime London property June 25, 2025 Prime property in areas like Mayfair and Belgravia is currently going for as little as £1,800 per square foot, but reversing inheritance tax on global assets could re-establish London’s appeal to the world’s rich, says Edward Matthews Reports that Rachel Reeves is considering reversing the requirement for overseas high net worth individuals (HNWI) to pay [...]
Lidl eyes Mayfair and Chelsea stores amid £500m expansion April 28, 2025 You could soon shop at a Lidl store in the swanky London districts of Mayfair and Chelsea as the low-cost supermarket plans dozens more store openings as part of a £500m expansion plan. The German-owned business, which controls 7.8 per cent of the UK grocery market according to latest Kantar figures, has published a list [...]
Lack of prime Mayfair houses triggers hotel and lettings boom March 17, 2025 Mayfair’s hotel and lettings sector has scooped up luxury clients left adrift by a lack of prime housing in the area, a new survey has found. With new planning restrictions and rising construction costs pushing construction to a ten-year low, wealthy visitors have turned to newly built apartments or hotel suites during their stays, according [...]
AllBright: London’s women-only members’ club rescued February 3, 2025 A deal to buy the assets of AllBright, the women-only members’ club in London, out of administration has been announced. A Cain International company has acquired the assets after the networking and events business entered administration last week. The deal has been agreed for an undisclosed sum but the fee is expected to be revealed [...]
London’s women-only members’ club AllBright enters administration January 29, 2025 The female-only Mayfair townhouse operated by women’s collective AllBright is set to close as the company enters administration. The networking and events business, launched by co-chair of the Invest in Women Taskforce Debbie Wosskow and Telegraph Media Group’s chief executive Anna Jones in 2017, will close the doors on the Mayfair club it opened in 2019. “Sadly, [...]
Yours for just £35m: Prices at London’s most expensive development revealed December 3, 2024 Luxury apartments at London’s most expensive residential property development ever will hit the market for £35m or more and have already racked up a waiting list of over 600 super-rich buyers. 1 Mayfair, the £2bn super-luxury scheme being ring-led by the Phones4u billionaire John Caudwell, is set for completion in spring of 2026 when it [...]
Inside UK non-doms’ battle for survival October 26, 2024 Had a passer-by inadvertently walked into Foreign Investors for Britain’s inaugural press conference earlier this month, they would have been forgiven for thinking they’d encountered an incongruous group therapy session. At one stage, an eastern European property tycoon asked the room: “Why am I suddenly being treated like a tax cheater? I’m being painted out [...]
Princess Diana and Raine Spencer’s Mayfair family home is up for sale June 24, 2024 Danish Arif, head of Mayfair Sales at Chestertons, said: “This important family house is equipped and decorated to a high standard and benefits.
Kazakh billionaire offloads Mayfair property for £35m May 9, 2024 A Kazakh oligarch worth an estimated £5bn has sold his London mansion for just shy of £35m in one of the largest deals this year.
Qatari sheikh sells Hyde Park mansion to fellow Royal for £39m May 3, 2024 Transferring a luxury property between family members could be to take advantage of tax benefits or to avoid certain taxes associated with inheritance or property ownership.