CITY MOVES | WHO’S SWITCHING JOBS November 25, 2010 Grant Thornton Grant Thornton has appointed a new head of retail: Barry Knight. Knight brings 20 years’ of financial advising experience in retail, tourism and travel. He has worked for Littlewoods, Burton Group (now Arcadia Group), Sears, Selfridges, Jaeger and Boots. In his new role at Grant Thornton, he will be leading the retail team [...]
There is no folly in eating here November 22, 2010 The Folly 41 Gracechurch Street, EC3V 0BT Tel: 0845 468 0102 FOOD SERVICE ATMOSPHERE Cost per person without wine: £20 THE City, it appears, has been truly starved of a good, affordable restaurant/bar with funky design (yes, funky, rather than drab, formal, sticky or cafe-style). Because from the moment the Folly, the enormous, windowy multi-story [...]
Twenty per cent off property in paradise November 18, 2010 IT FEELS wrong to be delighted by the financial crisis, doesn’t it? But if you were reclining on a sun-lounger in 30°C heat with a sparkling ocean stretching out in front of you, it would be difficult not to. Especially if you had managed to buy a Caribbean dream home on the cheap. The numbers [...]
Fans hail Glazers’ PIK pay-off but big questions remain November 16, 2010 MANCHESTER UNITED supporters have hailed the Glazer family’s decision to pay off £220m of costly payment-in-kind loans (PIK), removing a potential drain on the indebted club’s resources, as a victory for fans. But they have urged the Glazers to show greater transparency in their running of the Premier League outfit. United said yesterday no money [...]
Asking prices cut in bid to draw buyers November 14, 2010 SELLERS slashed their asking prices in November by 3.2 per cent, the biggest monthly fall since December 2007, as they try to attract bargain-hunting buyers. This is the fourth monthly fall in the past five months and takes the annual change to just 1.3 per cent, down from 2.9 per cent in October. Greater London [...]
Shard starts tenant hunt November 10, 2010 SELLAR Property, the developer of the Shard skyscraper, yesterday appointed four leasing agents to find tenants for the tower and office block near London Bridge. Jones Lang LaSalle and Knight Frank will act as joint sole agents for the 310m Shard tower, while CB Richard Ellis and Colliers International will advise on nearby London Bridge [...]
CITY MOVES | WHO’S SWITCHING JOBS November 9, 2010 Colliers International Anthony Michael Horrell has taken up the chief executive’s mantle at the real estate advisory firm. The 49-year-old was until recently head of Jones Lang LaSalle’s capital markets group in Europe, spearheading the expansion of the international capital markets business. He spent a total of 27 years at the firm and is also [...]
Buy a slice of one of Europe’s best cultural hotspots November 4, 2010 SURE, lounging by the pool with a row of Cyprus trees and a bottle of rosé as company sounds like a good use of a second home. But such indolence may not be everyone’s idea of a perfect escape. And in winter, even that Provencal farmhouse or Tuscan villa will become frosty. The perfect alternative, [...]
SME owners say that bank lending problem damages London’s image November 4, 2010 BANKS’ continuing reluctance to lend to small businesses in London is damaging the capital’s reputation as a place to do business, says a report by law firm Mishcon de Reya and the London Chamber of Commerce and Industry. Of 170 small business owners in London who were interviewed 62 per cent said that they have [...]
Foreign buyers prop up London property values November 1, 2010 FOREIGN buyers are helping push up house prices in the most affluent areas of central London, according to fresh research. While the value of prime homes in London has fallen one per cent since July, overseas buyers have buoyed prices in areas like Kensington and Chelsea, says agent Knight Frank. Foreign buyers made up 68 [...]