Knight Frank warns that homeowners will be hit July 1, 2015 THE PROPOSED scheme for paying back hundreds of homeowners who would be forced out of their homes by runway expansion at Heathrow airport is “seriously lacking,” according to Knight Frank. The Airports Commission has recommended that Heathrow airport compensate the 783 homeowners who would lose their properties at “full unblighted market value plus an additional [...]
Stamp duty replaces mansion tax as Central London house buyers’ worst fear as sales of homes worth £1.1m plus fall June 29, 2015 Mansion tax is so pre-election, darling – these days, the UK's high earners are worrying about one thing: stamp duty. That's according to a new report by upmarket estate agent Knight Frank, which has found the new tax has dented sales of homes worth £1.1m plus. Read more: The average brick in Kensington and Chelsea [...]
City Moves for 29 June 2015 | Who’s switching jobs June 28, 2015 Deloitte Richard Wood has been appointed senior adviser in the professional services firm’s private client and family office team. He was most recently head of real estate within UBS’s wealth management division. Wood has also held roles at Knight Frank, Cazenove and Arbuthnot Securities. Berenberg The private bank has appointed Dr Manfred Schlumberger as chief [...]
Dell Park in Englefield Green is a polo fanatic’s dream on part of the Candy brothers’ former estate in Surrey June 25, 2015 The British polo season has got off to a galloping start, but for some fans of the equestrian sport, viewing it from the sidelines just isn’t good enough. That was certainly the case for the private European owner of Dell Park in Englefield Green, Surrey, who set out 10 years ago to build a contemporary [...]
London space race takes off: City firms scramble for offices as demand hits highest level since 2000 June 18, 2015 Demand for office space in the capital has boomed to levels not seen in 15 years, new figures show, as companies, spurred on by the improving economic environment and stability following the General Election, pick up their search for space. The amount of space under offer in central London leapt by 25 per cent [...]
Walkie Talkie to smash City office records as top floor goes under offer June 18, 2015 The top floor of the City's towering 20 Fenchurch Street – nicknamed the Walkie Talkie – is believed to have smashed new rental records, after it went under offer to a mystery firm, City A.M. can reveal. Read more: A storey-by-storey breakdown of everything in the Shard The highest rent achieved in the [...]
City Moves for 18 June 2015 | Who’s switching jobs June 17, 2015 BNP Paribas Investment Partners The asset management firm has appointed Matt Joyce as a portfolio manager within its multi asset solutions group. He joins from Schroders Investment Management, where he was a multi asset analyst and fund manager. Joyce has 12 years’ investment experience, and has also worked as an analyst and fund manager at [...]
World Naked Bike Ride reaches London: “The finish area will not be a venue for prolonged naked socialising” June 12, 2015 Get ready to avert your eyes: London is going to be overrun with naked cyclists tomorrow as the World Naked Bike Ride reaches the UK capital. The annual event is expected to cause disruption throughout London's roads – it is aimed at raising awareness of the safety of cyclists, an issue which is close [...]
Think the UK is expensive? Hong Kong tops global house price rankings – while prices have fallen the most in Ukraine June 11, 2015 If you thought UK house prices were rising at an unmanageable level, spare a thought for the residents of Hong Kong, where prices have jumped 18.7 per cent in the past year, according to Knight Frank's latest global house price index. Turkey is next, with a year-on-year rise of 18.6 per cent, while prices in [...]
Serving up some stellar valuations June 8, 2015 Having a Michelin-starred restaurant on your doorstep can boost the value your home, according to research from Knight Frank showing two-thirds of house prices within 5km of restaurants recently awarded the accolade outperformed the local market. Tristan in Horsham (pictured), saw local house values rise by 15 per cent.