Wework founder Adam Neumann iced out of £359m bankruptcy deal April 30, 2024 Troubled office space provider Wework has unveiled a new plan to absolve itself from bankruptcy, and it does not involve Adam Nueman its founder who was looking to regain control of the business.
Flat owners in London feel the squeeze as service charges balloon April 29, 2024 The average annual service charge on London flats has risen close to 10 per cent over the last 12 months, piling further pressure on cash strapped city dwellers.
Canary Wharf: Property value falls as London banking hub secures £550m financing deal April 25, 2024 The developer and manager of Canary Wharf in East London has reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn.
Mortgage and valuation giant LSL Property Services continues strong start to 2024 with share buyback April 25, 2024 LSL Property Services, one of the largest providers of mortgage and valuation services, has continued its strong start to 2024, surpassing analyst expectations.
M&S pension scheme faces hefty losses as FCA probes Home REIT sister fund April 24, 2024 The M&S pension scheme is facing huge potential losses after pumping cash into a Home REIT sister fund that is now under investigation by the Financial Conduct Authority (FCA), City A.M. can reveal.
Reduced notice periods for renters are an open door for party flats April 24, 2024 Renters need more rights, but scrapping minimum tenancy terms would leave landlords unable to stop their properties being used for holiday lets, party flats or worse
Lendinvest: Property fintech ‘cautiously optimistic’ for return to profitability in 2025 April 18, 2024 Property fintech LendInvest has said it expects to report full-year results in line with market expectations and is "cautiously optimistic" for a return to profitability in 2025, as the mortgage market rebounds.
Foxtons: ‘Value of homes under offer best since Brexit’ April 18, 2024 Estate agent Foxtons said improved market conditions helped drive housing sales revenue by 17 per cent in the first quarter of the year, with the value of homes under offer the best since Brexit.
Gove intervenes on Barbican and old Museum of London development April 17, 2024 On Wednesday, The City of London Corporation Planning Applications-Sub Committee planning officers approved plans by Sheppard Robson and Diller Scofidio + Renfro to demolish Bastion House.
PwC Hong Kong denies claims about China Evergrande audits in anonymous letter April 16, 2024 PwC Hong Kong has denied claims set out in an anonymous letter circulating on Chinese social media about its audit work for property developer China Evergrande Group.