Brookfield Property Partners to launch £4bn auction for Center Parcs UK January 29, 2022 Property giant Brookfield Property Partners is reportedly launching a £4bn auction to sell its subsidiary Center Parks UK, Britain’s largest chain of holiday villages. Brookfield’s decision comes after Center Parks UK reported £120m in EBITDA earnings in the half year ended 7 October as a result of Covid restrictions and the consequent surge in staycations. [...]
Exclusive: More than 9m Britons hope to acquire their first home or buy a new property this year January 22, 2022 One in five UK adults plan to buy a property in 2022, according to a new study that was exclusively shared with City A.M. this morning. new research from Market Financial Solutions (MFS) has revealed. The bridging lender commissioned an independent survey among more than 2,000 UK adults. It found that 18% intend to purchase property this [...]
Build-to-Rent investment soars to record high in 2021 January 6, 2022 Investment into the UK’s build-to-rent sector hit £2.1bn in the last quarter of 2021 as the sector capped off another record year of investment. Investment soared to £2.1bn in the last three months of the year, taking the year to a record high of £4.1bn, according to preliminary data from global real estate advisor CBRE. [...]
China’s Evergrande: not so grand financial statements? December 15, 2021 | City Talk Evergrande Group is the latest listed company to unexpectedly find itself on the verge of bankruptcy. When businesses are thrust into public view for the wrong reasons, my first thought is always whether trouble could have been coming. To see if the Chinese property development giant’s travails could have been anticipated, I looked at its [...]
Confidence in property market goes up despite end of Stamp Duty holiday October 29, 2021 UK buyers are increasingly becoming more positive when it comes to the property market, despite the Stamp Duty holiday coming to an end at the end of last month. Data from OnTheMarket’s property sentiment index revealed that, within the next three months, 74 per cent of active UK buyers firmly believed they would buy a [...]