Exclusive: Asian buyer nears £425m deal for Commerzbank HQ September 2, 2018 Commerzbank’s London HQ is set to be sold in a deal worth almost £500m to an undisclosed Asian buyer later this week, City A.M. understands. An agreement for 30 Gresham Street, which was put on the market by Samsung Life Insurance earlier in the summer, is reportedly nearing its final stages, as the burgeoning Asian demand [...]
TGI Friday’s private equity owner Electra ends buyout talks August 24, 2018 UK private equity firm Electra which owns TGI Friday’s today confirmed it had ended talks about a possible buyout of the company. Electra did not say who the interested parties were, but it had been talks about a possible sale since May. Read more: CEE private equity investment hits record high It said talks for [...]
Opinion: Young families are moving out of London at an alarming rate but they may regret it in a few years time August 23, 2018 Young families in their 30s moving out of London escaping the rat race in search of better value, more space and good schools is nothing new. However, what is surprising is the rate at which this exodus in increasing. Net migration out of the capital – people moving out minus people moving in – was [...]
Property price growth for the world’s most expensive residences hits five-year low but London slowdown improves | City A.M. August 2, 2018 Transparency measures and a clampdown on foreign buyers has pushed the world’s most expensive properties to their lowest levels of growth in more than five years, while London’s slowdown shows signs of improvement. Prime property has suffered its weakest rise in growth since the end of 2012 over the last three months, according to the [...]
New homes: Here are the new developments going on sale in London this weekend | City A.M. July 27, 2018 Our pick of the new developments on sale now Bishops Gate, Fulham From £625,000 A gated mews development next to Bishop’s Park is on sale, with a three bedroom duplex apartment for prospective buyers to peruse. The nine hectare green space is home to Fulham Palace, tennis courts and gardens and is also the setting [...]
Pensions dashboard: Why it would be crazy to ditch one of the most common sense ideas to come out of government July 25, 2018 "What have you lost?” your colleague asks as you desperately retrace your steps. “My pension!” you cry. Okay, well that never happened. But imagine for a second that we were to treat our misplaced pensions in the same way we treat lost phones. In the UK, billions of pounds of pension money is currently [...]
How much does it cost to live near Richmond Park? | City A.M. July 23, 2018 It’s little wonder that Richmond continually tops ‘best places to live’ lists. With a Royal Park that’s so big it accounts for nearly half of the total area of all London’s Royal Parks, beautiful Georgian family housing, some of the best river frontage in the capital and a thriving community-led high street, it’s difficult not [...]
Banking culture needs to adapt as the algorithms learn to trade | City A.M. July 19, 2018 Financial markets never sleep. The trade in financial instruments has long been a global marketplace, operating round the clock. But increasingly, market continuity is maintained not only by human intervention, but also by algorithmic tools. This has brought with it huge client benefits: executing trades at an unprecedented pace and volume, lowering costs, increasing accuracy, [...]
City of London office investment defies Brexit wobble as overseas interest soars | City A.M. July 17, 2018 Investment in City of London office space has defied Brexit uncertainty to hit a record high as demand for real estate in the Square Mile soars, especially from Asia. Despite the slowdown in other parts of the property sector such as the housing market, investment in City of London offices jumped to £3.6bn in the [...]
House prices in Bethnal Green: Shoreditch’s loss is Bethnal Green’s gain as professionals flee high house prices in E1 | City A.M. July 16, 2018 There was a time when Bethnal Green lived up to its rural-sounding name. It was actually a prosperous area in the 19th century, with large houses and gardens. Originally called Bethan Hall Green, the name was changed to align with local Cockney pronounciation which dropped the ‘h’. By the 19th century, Bethnal Green became one [...]