Empiric Student Property strikes deal with University of Bath April 6, 2016 Empiric Student Property has reached an agreement with the University of Bath to provide its students with housing at three different sites. The listed student digs provider said 354 beds across five properties – including two still under construction – will be let to students at the university from September this year. The buildings comprise of [...]
Proptech: Accelerator Pi Labs moves out of Tech City to partner with housing start-up The Collective April 6, 2016 So much for the benefits of being based in Tech City. Pi Labs, property-focused tech accelerator aimed at helping start-ups become the next big thing, has decided to ditch east London altogether after announcing a deal with property firm The Collective that will take it to Bloomsbury instead. Pi Labs, set up two years ago by Cushman & Wakefield [...]
Premier Foods to meet with shareholders after holding “constructive talks” McCormick April 6, 2016 Premier Foods said it is to meet with shareholders this week after holding "constructive talks" with McCormick, as the Mr Kipling cakes owner seeks to convince its American suitor to sweeten its offer. The company, which has so far rebuffed three bid approaches from McCormick, has released a presentation ahead of its meeting with institutional [...]
Housing associations in £30bn mega-merger talks to build 100,000 London homes April 6, 2016 Three of the UK’s biggest housing associations are in talks to merger, with the view to build 100,000 new homes across London and the south east over the next decade. L&Q, The Hyde Group and East Thames said the proposed move will turn them into one of the country’s top four largest housebuilders with a [...]
UK house prices: Prime central London rents are polarising between east and west, says Knight Frank April 6, 2016 London's prime rental market is becoming more polarised. Prices in the east are accelerating faster than those in the west as financial services tenants move closer to the City in search of cheaper rents, new research shows. Annual rental value growth in prime central London fell by one per cent in March – the lowest rate since May 2014, according to [...]
East London is propping up slowing central London housing market, JLL report shows April 6, 2016 East London residential property prices jumped by seven per cent in the year to March, helping to shore up a slowdown in other parts of the capital hit by uncertainty in the market, new research from JLL today shows. The property firm's latest central London development report shows a slowdown in sales activity in the first quarter of the [...]
MartinCo plays down fears of buy-to-let slowdown as profits jump April 5, 2016 Shares in MartinCo rose by nearly four per cent today after the franchised lettings agency group said demand from a growing nation of renters helped to boost full-year sales and profits. The Aim-listed company, which has 287 offices operating under five brands including Martin & Co, Xperience, and Parkers, said group revenue increased by 38 per cent to £7.1m in 2015 compared [...]
US investor Cain Hoy buys historic Mayfair block for £80m April 5, 2016 Cain Hoy, US investment firm backed by Guggenheim Partners, has snapped up a historic building in one of Mayfair's luxury shopping streets for £80m. The five storey terracotta building at 19 South Audley Street dates back to 1845 and is best known for housing china and silverware retailer Thomas Goode's emporium since that time. It also has offices and flats on the [...]
Stock Spirits faces shareholder showdown as top investor calls for chief executive to quit April 5, 2016 Stock Spirits Group is facing showdown with shareholders after one of its biggest investors called for the vodka maker to oust its chief executive and nominated two non-executive directors to help turn around its core Polish business. Western Gate Private Investments, which has a 9.7 per cent stake in Stock Spirits, represents the private family [...]
Moss Bros’ share price jumps as suit-seller says it’s scrubbing up well April 5, 2016 Shares in suit hire specialist and retailer Moss Bros rose by as much as eight per cent in early trading after a revamp of its stores and a sharper range of products helped deliver a 23 per cent increase in profits. Like-for-like sales rose by 8.2 per cent to £119m for the 52 weeks to 31 [...]
