Un gin et tonic s’il vous plait as suits hit Mipim March 11, 2014 A NEW day has dawned and with it, the second day of international property wonder-fest Mipim, as yesterday saw real estate bods from all over the world descend on Cannes and its famous Promenade de la Croisette. While some flew EasyJet and others arrived by helicopter, 100-odd from the likes of Knight Frank and Savills arrived [...]
Asteroid watch? Knight Frank’s space odd-yssey March 2, 2014 RICHARD Branson’s efforts to turn us into space tourists present many possibilities for mankind. Lady Gaga plans to become the first performer to do a concert in space, while Wolf of Wall Street star Leo DiCaprio (who has a Virgin Galactic ticket) could deliver his best “Jordan Belfort visits the cosmos” impression. But what about [...]
Sales from the riverbank February 27, 2014 The future landmarks set to transform London’s river and make living Thameside even cooler LONDON is finally starting to follow the example of its European neighbours by making the most of its meandering river. Luxury developments are beginning to pop up all along the riverbank, proving that the place to be seen in the next [...]
City Matters: Why opponents of City development ignore our true Victorian heritage February 16, 2014 GUILDHALL is currently playing host to a public inquiry that has major ramifications for planning in the Square Mile and London. The future of the derelict Smithfield General Market and Annex (not the operational meat market next door) – or Smithfield Quarter for shorthand – is under deliberation. The secretary of state for local government [...]
Quintain sells Mitre Passage for £17m as disposals reach £500m February 12, 2014 QUINTAIN has sold its 50 per cent stake in Mitre Passage in Greenwich for £17.1m, adding to a string of disposals already made in the last 18 months. The sale to Tristan Capital was announced alongside its interim management statement yesterday, Quintain said it had made £31.6m of disposals in the period from 1 October [...]
Londoners back developer plan for Smithfields February 10, 2014 HENDERSON Global Investors said that over half of Londoners had backed its £160m scheme to redevelop part of Smithfield market, as the developer prepares to battle it out with opponents at a public inquiry today. A YouGov poll carried out on behalf of the developer found that 54 per cent of the 1,100 people questioned [...]
City Moves for 07 February 2014 | Who’s switching jobs February 6, 2014 City Index Mark Preston has been appointed chief executive at the online broker. He has over 25 years’ experience in trading and banking. Preston was previously chief executive of Europe for CIBC, co-head of corporate markets at Lloyds Bank, and a principal at Valere Capital. BNP Paribas Securities Services The investment custodian has made four appointments [...]
London office rents to hit record high by 2018, says Knight Frank February 5, 2014 A RETURN of confidence in the economy and a bounce-back in demand for space will see London office rents reach a record high by 2018, according to research out yesterday by Knight Frank. Rents for prime office space in the City rose by 9.1 per cent to £60.00 per square feet last year compared with [...]
What the other papers say this morning – 31 January 2014 January 30, 2014 FINANCIAL TIMES Renault and Nissan deepen alliance Renault and Nissan will fully combine their manufacturing and research and development operations to save at least €4.3bn (£3.5bn) a year by 2016, in the most significant step toward full integration since the alliance was founded. The 15-year-old Franco-Japanese alliance, which has kept both carmakers from financial ruin, [...]
From forlorn flats to towering success January 30, 2014 One Commercial Street is the residential project proving London’s back in business OF ALL the new towers cropping up around the UK, an ambitious development, abandoned during the financial crash, is proving that London can bounce back from a crisis. Developer Redrow London now has high hopes for its flagship project, One Commercial Street, in [...]