As the Queen moves out of Buckingham Palace, any new occupant would pay £250m deposit with monthly mortgage of £1m March 9, 2022 With the Queen moving out of Buckingham Palace to ‘work from home’ at one of her castles, research has found it would cost almost £250m just for a deposit to purchase the London landmark – with up to £3m a month in loan payments. In her Majesty’s Platinum Jubilee year, the nonagenarian has left the [...]
Lettings head at Foxtons joins rapidly-growing Lomond Group to lead entry into London market March 9, 2022 Ed Phillips will leave his position to become the new group CEO at the Lomond Group, as the latter builds on a busy 12 months that included 25 key acquisitions.
HMRC owes construction workers close to £1.5bn following pandemic property boom March 8, 2022 Almost £1.5bn is owed to Britain’s construction workers by the taxman following the pandemic property boom, according to new data shared with City A.M. today. It is estimated that more than 1m people working in the sector could be owed a tax refund, after the industry “weathered a particularly fierce storm” to keep Britain building [...]
Take your workspace to the next level in Whitechapel February 25, 2022 As we tentatively return to something approaching ‘normal’ following the pandemic, many businesses find themselves in a tricky situation. Working from home full-time is gladly receding into the rear-view mirror but the old, static office model now seems a little antiquated. Modern workers require the flexibility of hybrid working, and office spaces need to be [...]
Office space: Inside the swanky new Conran and Partners offices February 11, 2022 The return to the office and the advent of hybrid working has been a hot topic for almost two years and it shows little sign of dying down. If you are lucky enough to work for Conran and Partners, you will have left Butler’s Wharf near Tower Bridge for your lockdowns at home, only to [...]
Fitzrovia: We focus on a London area that’s like the West End but cooler February 9, 2022 Although the central London district of Fitzrovia has no formal boundaries (it is part of both the London boroughs of Camden and Westminster), it is generally agreed that it sits between Euston Road to the north and Oxford Street to the south. “Today, Fitzrovia is popular with the more discerning London buyer who is looking [...]
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 [...]