When Brent meets Chelsea: How buying property in all 32 London boroughs over the last 20 years would have made a savvy investment April 21, 2016 Judging which areas will generate the best returns over the next 20 years can be tricky even for the wisest property sage. Data from estate agent Knight Frank show that Hackney was the best performing borough during that time, with an annual price growth of 11.9 per cent, followed by Lambeth at 11.2 per cent. However [...]
Rents are rising faster in London skyscrapers than in any other global city April 20, 2016 We already knew rental prices for London office space was pretty high – but it turns out that the higher up your office is, the faster your rents are rising. Figures from Knight Frank suggest rents in London's skyscrapers – including the Shard, the Cheesegrater and the Walkie Talkie – rose 9.7 per cent in the [...]
Sigma Capital profits rise ten-fold as push into private rental sector pays off April 19, 2016 Kuwaiti-backed property developer Sigma Capital has posted a jump in full-year profits after its push into the growing private rental sector (PRS) paid off. The Aim-listed company, which has offices in London, Manchester and Edinburgh, said revenues increased by 74 per cent to £6.72m last year while profit from operations rose 877 per cent from £1.63m to £1.82m. Profit before [...]
Knight to make sweet music in the Great Metropolitan April 19, 2016 Epsom's Spring Meeting often sees the same horses turn up year after year. The Investec Corporate Banking Great Metropolitan Handicap (3.05pm), run over the Investec Derby trip, features last year’s first and third, Lungarno Palace and Barwick. I tipped the former 12 months ago and he is only a pound higher, so has to be [...]
Death of a unicorn: Inside one of the biggest startup failures of all time – and Powa Technologies boss Dan Wagner’s surprise statement April 18, 2016 Powa Technologies, once valued at more than $1bn making it one of Britain's rare breed of so-called unicorns, collapsed into tech myth earlier this year. In fact, it was one of the most well funded startups in the world to ever fail, according to tech data gurus at CB Insights, after raising multi-millions of pounds worth [...]
Snooker boss Barry Hearn calls for Steve Davis to be knighted after the six-time world champion announces retirment April 17, 2016 Snooker boss Barry Hearn has called for Steve Davis to be knighted after the six-time world champion announced his retirement. Davis lost to Ireland’s Fergal O’Brien on Saturday in the first round of qualifying for this year’s World Championship and decided to call time on a career which began in 1978. The 58-year-old dominated snooker [...]
Sadiq Khan’s policies would only make London’s housing crisis worse April 15, 2016 When Londoners go to the polls for the mayoral election on 5 May, there’s no doubt that the issue of housing will be at the top of many voters’ minds. Over half of Londoners now mention housing as one of the most important issues facing the capital – an increase of 13 percentage points compared [...]
Horse Racing Betting: It’ll be alright on the Knight for red hot Newland at Ayr April 14, 2016 Just one week on from Aintree and we’re already looking at another big staying race, this time Ayr’s Scottish Grand National (4.10pm). This has been a tricky puzzle for punters to solve in recent years – you have to go back to 2000 for the last winning favourite. In the past decade there have only [...]
New homes on sale this week in Leyton, Clapham, Bromley, Harrow and Marylebone April 14, 2016 Lyon Square, Harrow One to three bedroom apartments are on sale from 16 April in central Harrow from developer Redrow London from £365,000. There will be 310 homes in total, measuring between 538sqft to 1,265sqft situated two minutes away from Harrow-on-the-Hill tube station, which reaches the City in 35 minutes. Call Redrow London on 0203 [...]
Legal & General bolsters £250m build to rent pipeline after buying Salford scheme April 14, 2016 Insurance giant Legal & General Capital and its joint venture partner, Dutch pension fund manager PGGM, have announced plans to build more rental properties in Greater Manchester, boosting its pipeline of build to rent homes to 800 across the UK. The two companies joined forces in January to launch a £600m fund to build large-scale private rental housing across the [...]