East London industrial site snapped up for £100m April 9, 2025 Global real estate investment company Kennedy Wilson has bought an east London industrial park for £100m. It’s a positive sign for London’s industrial market, which slumped to a decade-low last year as demand for warehouse and logistics sites faded after the pandemic boom. Kennedy Wilson plans to create a set of 10 sustainable industrial units [...]
Buy Segro amid real estate sector strength, says UBS April 8, 2025 UBS analysts have backed real estate stocks like Segro and British Land after the sector has managed to hold out during the global stock exchange crash caused by the US trade war. Since the start of 2025, global stock markets have tanked, spurred on by the introduction of sweeping tariffs by US president Donald Trump. [...]
Knight Frank makes the City its global headquarters April 8, 2025 Knight Frank, the global asset management and real estate giant, has signed a deal to relocate its global headquarters to the City of London. The business will relocate from its current HQ at London & Regional’s 55 Baker Street in the West End, where it has been since 2008, to One Liverpool Street after penning an [...]
How will the tariff turmoil affect your mortgage? April 7, 2025 The fallout from President Donald Trump’s decision to impose wide-ranging tariffs on the world has left no stock market unscathed, but it’s possible Brits’ mortgages will benefit from the upset. The decision, which placed a minimum tariff of 10 per cent on all countries (including the UK), and higher tariffs on many more, has increased [...]
Tallest UK skyscraper outside London to be approved April 3, 2025 Plans to build the tallest skyscraper in the UK outside of London have been recommended for approval. Developer Salboy, which was co-founded by Betfred billionaire Fred Done, is behind the proposals which would see a 76-storey building constructed in Manchester city centre. The £360m project, known as Viadux 2, has been earmarked for land between [...]
Vauxhall: £400m plans revealed for closed factory after 1,100 jobs lost April 3, 2025 The site of Vauxhall’s van manufacturing plant in Luton, which has just closed with the loss of 1,100 jobs, has been bought by a global property company pledging to invest £400m. Australian giant Goodman has acquired the site in Kimpton Road, which Vauxhall owner Stellantis slated for closure in November last year. The group said it [...]
Bellway’s profit jumps amid soaring output March 25, 2025 Bellway has reported a 12 per cent rise in profit, alongside a significant boost in its output – in an indication that the housebuilding sector is seeing a rebound. Profit before taxation has risen to £150.2m, from £134.2m last year. The firm reported 4,577 housing completions in the half-year to January – up from 4,092 [...]
Micah Richards scores £1.5m boost from property side hustle March 21, 2025 Micah Richards has secured a boost worth almost £1.5m after a successful year for the luxury property company he founded. The former footballer-turned TV pundit established Hillcrest & Louis Homes in 2015 to develop high-end schemes. The company, which is registered in Manchester, has completed a series of developments in Leeds. Now, new accounts filed [...]
Robert De Niro backs plans for tallest skyscraper outside London March 20, 2025 A company co-founded by Hollywood legend Robert De Niro has signed up to open a hotel, restaurant and residences in a planned skyscraper which would be the tallest building outside London. Nobu Hospitality has partnered with developer Salboy on the £360m scheme in Manchester city centre. The project, known as Viadux 2, has been earmarked [...]
Birmingham landmark on sale in cut-price deal as value slashed in half March 11, 2025 A landmark office building in Birmingham city centre has been put up for sale for half what it was bought for in 2019. The Lewis Building and its adjoining neighbour Priory Court in Bull Street were acquired by Gulf Islamic Investments for £140m. The investor, which has offices in Dubai and Abu Dhabi, bought the [...]