Weston Homes sets aside £50m to make London flats more eco friendly June 13, 2022 One of the UK’s largest housebuilders, Weston Homes, has set aside £50m to make all its houses in London and the South East more eco-friendly – in a bid to take advantage of “green premiums”. This will involve the fitting of heat pumps, solar panels and electric vehicle charging points, in and around 7,500 homes, [...]
Housebuilder Countryside Partnerships hunts for buyers after rejecting £1.5bn bid June 13, 2022 UK housebuilder Countryside Partnerships is on the hunt for buyers, according to a regulatory filing this morning, just weeks after it rejected a $1.9bn (£1.5bn) proposal from US firm Inclusive Capital. “A meaningful number of shareholders believe that the Company would be in a better position to capitalise on the opportunities ahead as a privately-owned [...]
Sirius Real Estate more than doubles rent roll in £380m UK push June 13, 2022 Industrial park and flexible workspace provider Sirius Real Estate has more than doubled its rent roll over the past year, as it continues to push into the UK’s hot property market. Rental income has surged over 73 per cent to €167m in the year to 31 March, up from €96.5m a year prior. Sirius put [...]
City Moves: Who’s switching jobs in the Square Mile? June 10, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BambuBlack Asia Pacific long-only equities boutique firm BambuBlack has strengthened its investment team with a fresh portfolio manager. Pinakin Patel joins the firm in London from Allianz Global Investors in Hong Kong, where he was an investment [...]
Pro-Brexit ‘Supermum’ forced out by Liz Truss after saying Boris Johnson ‘is in wrong job’ June 9, 2022 Pro-Brexit banker and now-former non-executive director of the Foreign Office Baroness Morrissey resigned yesterday, after Liz Truss reportedly suggested she would be sacked for comments made about the prime minister. Morrissey, mother to nine children and dubbed a ‘Supermum’, told LBC on Monday night that prime minister Boris Johnson was “just in the wrong job”, [...]
Looming environmental report on SpaceX’s Starship could be a ‘pain point’ June 9, 2022 Elon Musk’s Starship dreams could be extinguished before the mega-rocket has even left the ground, as US regulators assess its potential environmental damage. The Federal Aviation Administration (FAA) is expected to publish its assessment on Monday. The report, a year in the making, has been pushed back several times since December, with delays bleeding into [...]
Richard Branson’s right hand man: Mastering rail is ‘harder than space’ June 8, 2022 Mastering rail is “harder than space”, according to one space veteran, formerly Richard Branson’s right-hand man in the making of Virgin Galactic and Virgin Orbit. As Britain prepares to launch satellites from its own soil for the first time this summer, unions are set to bring the country’s rail network to a standstill in later this month. Speaking on [...]
Housebuilder Berkeley snags former Schroders CEO as new chairman June 8, 2022 Berkeley Group, one of the UK’s biggest housebuilders, has chosen a Schroders asset management veteran to helm its board, as British real estate climbs the ranks in asset value. City grandee Michael Dobson and former Schroders CEO and chairman will join the board of the Berkeley with immediate effect, the housebuilder said today. It will [...]
Satellite Vu cuts deal to provide climate data to UK real estate market June 7, 2022 Infrared imaging specialist Satellite Vu is set to provide climate data to the real estate market – once its satellites are in obit – in a bid to decarbonise the UK housing market. Buildings contribute some 40 per cent to the world’s total emissions, making real estate a key target in the country’s net zero [...]
OpenOrphan CEO pins record revenue on London and preparing for the next pandemic June 7, 2022 The CEO of OpenOrphan, which researches infectious diseases for Big Pharma firms, has hailed London as the reason it snagged a record revenue over the past year. Speaking to City A.M. today, CEO Yamin ‘Mo’ Khan said: “The reason we have be so successful is because we’re based in London. We wouldn’t have been able [...]