Grosvenor: Central London valuations ‘subdued’ amid Covid side effects May 23, 2022 Property investment firm Grosvenor is back in the black after better fortunes for its 300-acre estate in Mayfair and Belgravia. Owned by the Duke of Westminster, the multibillion-pound portfolio swung back into profit with a pre-tax profit of £327.5m, after posting a £322.8m loss in 2020. The Liverpool ONE shopping centre owner swung back into [...]
What does a weaker yen mean for investors in Japan? May 23, 2022 Changing economic circumstances could alter the market impacts of currency weakness explain experts Masaki Taketsume, George Brown and Robbie Boukhoufane. It’s a been a difficult first third of 2022 for markets generally, which is perhaps unsurprising given the many sources of uncertainty and discord in the world. A very sharp depreciation in the value of [...]
Shoreditch, Clerkenwell and King’s Cross become Crossrail winners as office rents skyrocket by as much as 123 per cent May 23, 2022 The much anticipated arrival of Crossrail has driven huge office rental growth in London submarkets, which have outperformed traditional hubs like the West End and The City of London. It comes after 24 May 2022 was confirmed as the official launch date for Crossrail. New data reveals that prime rents in Shoreditch and Clerkenwell during [...]
London developer swaps hotel plans for student housing in £173m forward fund May 23, 2022 London developer Dominvs has completed the country’s largest forward fund in the purpose built student accommodation sector for £173m, with Scape. Comprising 713-beds, the scheme will be one of the capital’s largest student accommodation developments, Dominvs exclusively told CityA.M. The university housing deal came after Dominvs had secured consent for two hotels on the Hammersmith [...]
Manchester City’s late treble ends Liverpool’s quadruple bid and clinches Premier League May 22, 2022 They didn’t wait until the 93rd minute this time but Manchester City still needed a late salvo to secure the Premier League title and fend off Liverpool on the final day. Just as 10 years ago, when Sergio Aguero achieved immortality with his injury-time winner, City found themselves trailing in the closing stages of a [...]
Canada bans Chinese telecom giants Huawei and ZTE calling it the ‘right decision’ in the 5G world May 20, 2022 Canada is set to ban two of China's biggest telecoms equipment makers, Huawei and ZTE, from working on its 5G phone networks, following the lead of the UK and US.
How The Glass Menagerie landed Hollywood A-lister Amy Adams May 20, 2022 Hollywood star and six-time Academy Award nominee Amy Adams is set to enchant the West End next week when she begins her run in a radically reimagined version of Tennessee Williams’ The Glass Menagerie. She will play Amanda Wingfield, an overbearing matriarch who, abandoned by her husband and bringing up her two children, longs for [...]
City Moves: Who’s switching jobs in the Square Mile? May 20, 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. BNP Paribas Real Estate BNP Paribas Real Estate (BNPPRE) has bolstered its West End Agency team with a new director. Katrina Love previously spent 11 years in Colliers’ central London office team. The Colliers veteran, who had [...]
Russia threatens to send supplies to other countries if EU brings in oil ban May 19, 2022 Russia is prepared to send any supplies rejected by European countries to other regions such as Asia if it brings in more energy sanctions.
Brexit: UK announces plan to kill off Northern Ireland protocol, outrage and disbelief in EU capitals May 17, 2022 Foreign Secretary Liz Truss just announced the Government’s intention to introduce legislation “in the coming weeks to make changes in the [Northern Ireland] protocol”. She told the Commons: “As the Prime Minister said, our shared objective has to be to find a solution that commands the broadest possible cross-community support for years to come and [...]