Investors pulling out of property funds thanks to ‘triple squeeze’ on sector December 6, 2023 Property funds were hard hit by outflows in November as fears rise that a temporary dip in property values may become more permanent.
Abu Dhabi firm buys Nine Elms developer London Square for £230m December 1, 2023 An Abu Dhabi real estate firm has snapped up British property developer London Square today in a £230m deal.
Property transactions slide 17 per cent in October as hangover from high mortgage rates drags on November 30, 2023 The number of new homes bought in October was 17 per cent lower than the year before, as high mortgage rates during the summer led to lower activity, according to the latest figures from HMRC.
Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
PPHE to develop new 179-room London Victoria hotel as ‘midscale lifestyle’ market grows November 27, 2023 PPHE Hotel Group has been granted planning permission to build a new 179-room hotel below the Park Plaza Victoria London property.
Sirius Real Estate looks to raise £145m as ‘attractive’ opportunities emerge November 20, 2023 In a positive sign for the listed-property sector, Sirius Real Estate, is looking to raise £145m from investors.
Inheritance tax reportedly could be slashed by Sunak and Hunt at Autumn Statement November 16, 2023 Plans to slash inheritance tax at the Autumn Statement are reportedly being drawn up by No10 and the Treasury.
Hundreds of industry leaders address city’s housing crisis at London stadium November 16, 2023 THE South East Consortium (SEC) annual conference unfolded at the Queen Elizabeth Olympic Park, to discuss the need for urban renewal. This location set the stage for a gathering of over 600 industry leaders, addressing the city’s housing crisis.Amidst this striking backdrop, Catalina Valentino and Joseph Michael Daniels, hosts of the Generationally Yours podcast, emerged [...]
GPE: West End landlord upgrades forecasts as workers return to central London November 16, 2023 Great Portland Estates, the London-listed landlord said it had signed 37 new leases and renewals in the six months to 30 September, as workers returned to the office. The West End-focused landlord said market lettings were on average 13.4 per ahead of March 2023’s estimated rental value (ERV) with an annual rent role of £11.2m. [...]
Gensler and CBRE to reposition ‘sustainable future’ London office space for 10 Gresham Street November 14, 2023 Gensler and CBRE will work together to create a sustainable high-performance office environment at 10 Gresham Street by the first quarter of 2025.