Government vows to appeal after High Court rules Article 50 cannot be triggered without Parliamentary vote November 3, 2016 The government has vowed to appeal after a High Court judge ruled the Brexit process cannot be started until Parliament has given its backing. The ruling, handed out today, means Theresa May cannot trigger Article 50 without approval from MPs. A spokesman said the government was "disappointed" by the judgement. "The country voted to leave [...]
Focus On Bermondsey: River views, great food, warehouse conversions – what more could you want in SE1? October 28, 2016 This ancient town, first mentioned in the Domesday Book as Bermundesy, has had a colourful existence on the south bank of the river Thames. For centuries condemned as a slum, this centrally located area in Zone One has blossomed in the last ten years into one of the most artistic – not to mention delicious [...]
Time is money: Are luxury watches a good investment? October 26, 2016 The current wave of smartwatches, like any new technology, will be outdated by the time you’ve finished reading this article. But certain classic watches not only tell the time, they increase in value with it. While the poorest performing of all the other asset classes (barring furniture), the watch sub-category of the Knight Frank Luxury [...]
House prices in this London borough fell by £3,000 a day last month October 24, 2016 UK house prices might be marching ever upwards, but there's one section of the UK where growth is faltering: the top end of London's market. In recent months growth in so-called prime central London has faltered, partly thanks to the Brexit vote and partly thanks to waning interest from foreign buyers. Now analysis of Land [...]
Wealth manager Brooks Macdonald names new chief exec as assets under management rise 7.5 per cent October 20, 2016 Brooks Macdonald today named a new chief executive as the wealth management firm reported a seven per cent growth in assets under management (AUM). Caroline Connellan, HSBC’s head of UK premier and wealth, is set to join the company next April and will replace Chris Macdonald. Read more: Leeds wealth manager aims to take revenues [...]
MPs to get a symbolic vote on whether to strip Sir Philip Green of his knighthood October 20, 2016 MPs will get a symbolic vote today on whether to strip Sir Philip Green of his knighthood. An amendment by Conservative MP Richard Fuller has been accepted by the Speaker of the House of Commons, which means MPs will get a vote, but it will not be binding. The backbencher called for today's debate in parliament on [...]
Tech sector drives demand for London’s offices post-referendum October 18, 2016 The tech sector is driving a return to health for the commercial property sector in central London. According to Knight Frank, there was demand for 9.5m square feet (sq ft) of office space in central London between June and September. This is ahead of the long-term quarterly average of 7.5m sq ft. Read more: How [...]
Sales of houses worth over £10m crashed this summer October 17, 2016 Sales of super-prime properties in London – luxury pads costing over £10m – slumped this summer. According to research by property consultancy London Central Portfolio (LCP), sales have fallen 86 per cent in the three months to August as compared to the same period last year. Read more: This is how sterling's unstoppable slide will affect [...]
Attorney General set to speak in Article 50 case tomorrow October 16, 2016 Attorney General Jeremy Wright QC is due to lay out the government's argument in the Article 50 case tomorrow. The case, which started in the High Court last Thursday, has been brought to decide whether an Act of Parliament needs to be in place before government triggers Article 50. However, lawyers for government are expected [...]
Homes in “UK’s tallest residential tower” go on sale in Canary Wharf and other new homes on the market this week October 14, 2016 Spire, Canary Wharf From £595,000 Apartments in the UK’s “tallest residential tower” on the cusp of Canary Wharf went on sale yesterday. Rising to 771ft with 67 storeys, it cost Chinese developer Greenland Group £800m to build adjacent to West India Quay DLR station and the Museum of London Docklands. There will be 861 one [...]