Return of London’s mansions: The former homes of aristocrats are being converted June 25, 2015 It isn’t often that a prestigious street in London falls out of favour. You won’t see a regeneration of Eaton Square or the King’s Road any time soon. But Connaught Place, a handsome street lined with Georgian mansion blocks overlooking Hyde Park, was the Belgravia of pre-war London and it’s experiencing a resurgence in popularity. [...]
UK house prices: Tony Pidgley’s Berkeley calls for Britain to stay in the EU as housebuilder’s profits rise 42 per cent June 17, 2015 London-centred residential property developer Berkeley Group announced a 42 per cent increase in full-year profits today, but warned a British exit from the EU would be bad for the capital's property market. Read more: How can the UK build more houses? In preliminary results for the year to the end of April, Berkeley stressed that the [...]
London Technology Week: Tech City is an awesome success story combining the best of Silicon Valley, Wall Street, New York and DC June 16, 2015 I emigrated from Silicon Valley a little more than ten years ago to work at a very young startup at the time, Skype. It was so new then that I spent months correcting friends’ pronunciation of the company name from Skype-ee to Skype. At that time I was exasperated at the dearth of candidates for [...]
Unite fund buys student digs for £271m June 15, 2015 UNITE’S UK Student Accommodation Fund (USAF) said yesterday that it has snapped up a 2,100-bed portfolio for £271m in its first deal since its £306m fundraising last month. The portfolio, which was acquired from Ahli United Bank, includes eight sites located across seven prime student accommodation markets including London, Glasgow, Leeds and Birmingham. FTSE 250 [...]
As new pension rules take hold, these seven cities are worth a look if you’re planning on investing in global property June 12, 2015 UK pensioners and investors could cash in by buying property in cities such as Miami and Berlin, according to research from IP Global. The company identified seven cities a being ripe for investment, including far-flung locations such as Miami and Melbourne. The government’s pension reforms have freed up savings, and many pensioners have already used [...]
These are the 20 London streets where estate agents are making the most money June 9, 2015 It turns out London’s streets really are paved with gold – for estate agents, anyway, who have earn £10m in fees for sales in London’s 20 most expensive roads over the past 18 months. According to research from website HouseSimple, 80 properties sold in the top 20 prime locations sold for an average of £5.3m, [...]
Low yacht inflation is helping billionaires boost their net worths during a “golden era” akin to Victorian times June 8, 2015 Negligible inflation may be helping the average shopper splurge more cash down the supermarket, but when it comes to billionaires it is helping pave the way for relatively cheaper yachts, luxury homes and staff. The average European billionaire has seen their wealth increase by 11.9 per cent in the last year, taking their net [...]
Capital’s boom economy key to Workspace rise June 3, 2015 PROPERTY rental group Workspace reported expectation-beating growth yesterday as the London’s booming business community sent profits up over 40 per cent. In addition, the firm announced a new acquisition to its burgeoning portfolio of prime london properties with the purchase of Angel House for £44m. Workspace recorded growth across the board with total net rental [...]
Royal apartments dubbed the “One Hyde Park of their day” go on sale in London’s Mayfair June 1, 2015 When the Candy Brothers' One Hyde Park development went on sale with the most expensive flats in the world back in 2011, Londoners scoffed at their £65m price tags. But it's not the first time the capital has played host to some of the world's most exclusive apartments: in the early 19th century, the voluminous [...]
Former Farm Street dairy in Mayfair is now £25m cash cow May 7, 2015 The boom in house prices over the past few years has been behind the transformation of many of the city’s buildings. Offices, factories and warehouses are being turned into “lateral apartments” or “contemporary family homes” left, right and centre, but it’s not often you come across a luxury mansion in a prime part of London [...]