London Square inks £400m deal to buy final phases of Nine Elms development December 13, 2021 Residential developer London Square has inked a £400m deal to buy the final three phases of the Nine Elms Park development site in Battersea, south London. London Square has also agreed a partnership deal with build-to-rent developer Moda Living on land for two buildings on the site. London Square has exchanged contracts on a total [...]
West End ‘extremely concerned about long-term survival’ as new guidance comes into force December 13, 2021 Central London retailers are hopeful eager Christmas shoppers will offset the absence of office workers in the capital this month while warning businesses are running out of cash. New West End Company, which represents 600 brands, restaurants and businesses in the West End, said footfall for the week of 6 December was up three per [...]
King’s Cross hotspot for rental growth in city as student demand pushes prices higher December 13, 2021 Real estate experts have said it would take more than a minor setback with Covid variant Omicron to dent the sector’s recovery. The country would have to rewind to a situation like the start of the year, when the vaccine was in its early rollout and working from home was enforced for a long time, [...]
House market set to return to normality as sellers make it New Year resolution to move December 13, 2021 The housing market is set to return to a kind of normalcy next year, as it appears homeowners are setting a New Year resolution to move. The market has been strangled by historically low stock levels but according to Rightmove, valuation requests from home-owners are up 19 per cent on this time a year ago. [...]
JD Sports appears to relinquish Footasylum in takeover battle with watchdog December 12, 2021 Footwear firm JD Sports seems likely to admit defeat in its clash with the country’s competition watchdog over its proposed takeover of a rival. JD Sports had been looking to buy rival footwear retailer Footasylum but has faced multiple obstacles from the Competition and Markets Authority (CMA). After a decision from the watchdog, JD was [...]
UK Omicron cases surpass 3,000 as Covid alert level raised December 12, 2021 An additional 1,239 confirmed cases of the Omicron variant have been reported in the UK – the highest daily increase. Total cases of the variant have now hit 3,137 across the UK. The Covid alert level has been raised to four from three, by the chief medical officers. This was down to a quick rise [...]
Fashion brands log legal claims over Visa and Mastercard fees December 12, 2021 Fashion firms are taking legal action over Mastercard and Visa card payment fees More than a dozen brands have filed legal claims over historic charging fees, alleging a breach of competition laws, it was reported by The Telegraph. It comes as Amazon confirmed UK customers will not be able to use Visa credit cards when [...]
Police searching for missing Petra Srncova find body in London park December 12, 2021 Police searching for London nurse assistant Petra Srncova, who was missing for more than a week, yesterday said they had found a body in Brunswick Park. Officers remained at the scene last night while the formal indentification of the body was awaited. The police said Srncova’s death was still being treated as unexplained. Petra Srncova, [...]
Private equity snaps up Canary Wharf office block in cut-price deal December 12, 2021 Private equity firm Brookfield has inked a deal to buy a Canary Wharf office block for a slashed price while a fresh work from home order will see offices empty next week. According to reports in The Sunday Times, the private equity firm has agreed a deal to buy the headquarters of investment firm State [...]
Over 30s able to book Covid booster jab from next week December 12, 2021 People aged 30 and over in England will be invited to book a Covid booster jab from Monday. It follows scientists’ warnings that the country should prepare for a wave of infections from the new coronavirus variant Omicron in the new year. According to NHS England, some 3.5m out of the 7.5m people aged 30 [...]
