CITY MOVES WHO’S SWITCHING JOBS April 18, 2012 Sberbank As part of the integration of Sberbank of Russia and Troika Dialog, Elena Shilina has been appointed head of the private banking group. She will report directly to Ruben Vardarian, president of Troika. Since May 2011, Shilina has headed the Sberbank-Troika integration committee. She has previously worked for Nomos Bank as vice-president, McKinsey, Rosbank [...]
Central London office take-up stays sluggish April 17, 2012 LEASING activity in the City and West office market remained sluggish in the first quarter of 2012 as tough economic conditions continued to dampen appetite for new space, according to research by Knight Frank. The property agent said take-up in the West End stood at 1m square feet in the quarter, down from 1.3m sq [...]
Manchester United take second shot at a listing in Singapore April 15, 2012 MANCHESTER United’s proposed share listing in Singapore could be revived in a bid to raise up to £600m. Members of the American Glazer family, who own the club, flew to the UK last week, attending two of United’s games as well as visiting the club’s London headquarters in Mayfair. The Glazers are believed to value [...]
This Port D’Andratx stunner offers the best of sunny luxury April 12, 2012 A state-of-the art villa to make your glitziest friends weep with jealousy – but at least they’ll be able to stop off on their yacht tour round the Med and see you. This 540 sq m, four to five bedroom pad revolves around sun and water, with a magnificent pool area with sauna and Jacuzzi, [...]
A pair of ocean idylls in the BVI and Mallorca April 12, 2012 I’m fairly sure it doesn’t get much better than 100 Pond Bay for a paradise island getaway. This newly built, 8,000 sq ft BVI idyll is a five minute drive from the Virgin Gorda yacht harbour, commercial centre and main ferry dock of Spanish Town. The house, which includes its own spacious spa, is set [...]
City jobs cull hits prime rents April 9, 2012 THE CITY jobs bloodbath has helped drag property rental prices down for the sixth month in a row, according to research out today. As banks cut headcounts and freeze pay, rents in prime London homes fell 0.1 per cent in March – and the very top of the market has been hit hardest, claims estate [...]
Search for new BBA boss starts as Knight quits April 2, 2012 THE HEAD of the British Bankers’ Association (BBA), the banking trade body, is to step down after a tumultuous five years at the helm, marking a period of heavy lobbying by lenders. Former Tory MP and BBA chief Angela Knight said she is leaving in the summer because “I have one more job in me”, [...]
British Bankers’ Association head Knight to quit April 2, 2012 British Bankers Association head Angela Knight, who had to defend the industry during the 2008 credit crisis which rocked the sector, is to step down this summer, the BBA said. Knight said she would remain at the organisation while they search for her successor. “I have been at the British Bankers’ Association at a time [...]
Vue looks good as cinema firm set to expand April 1, 2012 VUE, the private equity-backed cinema chain, is set to ramp up its expansion plans as Britons spend more on affordable luxuries in the economic downturn. The chain, bought by Doughty Hanson in a £450m deal nearly 18 months ago, will open two sites this year and two next year as part of a development pipeline [...]
A vision of the future: how the rental sector can reward investors March 29, 2012 Institutional investors, such as pension funds and investment funds, have been debating whether to dip their toe in the residential property market for years. Such investment is the lifeblood of the UK’s commercial sector, but despite much talk, institutions have very little exposure to residential property. This fact has often been blamed on factors such [...]