Warnings that London property is over-priced as investors battle for assets January 16, 2014 The war is on to get hold of the best property assets in London and for many investors that means moving up the risk curve and taking on more development projects than before, according to research by PwC and the Urban Land Institute. The survey of 500 property professionals revealed that 71 per cent of [...]
London’s west end tops list of pricey offices December 18, 2013 LONDON’S west end has unseated Hong Kong Central as the world’s most expensive office market, regaining the top spot it lost three years ago. The cost of renting an office in the west end has shot up by 14.3 per cent in the past year to $259.36 per square feet, driven by a squeeze in [...]
Bottom Line: Firms are willing to pay again to be in the middle of the action December 18, 2013 LONDON has always had its sector specific hotspots. Broadly speaking, those looking for underwriting advice should use the Gherkin as their marker, while tech geeks sat-nav their way to Silicon Roundabout and hedgies head for Mayfair. The grand old townhouses of the St James and its surrounds are a natural home for these discreet financiers, [...]
Heathrow protests gather pace over expansion plan December 15, 2013 PROTESTERS against a third runway at Heathrow airport are braced for action as transport secretary Patrick McLoughlin yesterday refused to rule out plans to expand the site. The government-backed Airports Commission, chaired by Sir Howard Davies, is publishing an interim report tomorrow that will provide a shortlist of locations for new runways, with a final [...]
Clegg mulls tax for property owners living outside the UK November 18, 2013 PEOPLE living outside the UK and investing in British property do not pay enough tax, deputy prime minister Nick Clegg said yesterday, hinting at a crack down on overseas cash in next month’s Autumn Statement. House prices in London are rising at around 10 per cent a year. While most buyers across the market are UK-based, [...]
Tech powerhouse who wants to save our ailing high street November 10, 2013 Annabel Palmer meets Dan Wagner, back in the limelight with latest venture Powa Technologies HE may be one of Britain’s most prominent tech entrepreneurs, but Dan Wagner has had more than his share of career ups and downs and scathing headlines. In the 1980s, he was subject to criticism from the financial community for his [...]
Live in panorama atop The Heron November 7, 2013 Surround yourself with a 360 degree view of the City of London – and walk to work – from one of the luxury penthouses and apartments in The Heron situated in the heart of the financial district Living in the City is a strange experience. Your rubbish is collected by a corporation, it’s completely desolate [...]
Don’t blame foreigners for our self-inflicted housing shortage October 28, 2013 LONDON’S housing policy is in a mess: rules, restrictions and levies make it hard and expensive to build homes in the right places, crimping supply. Combined with growing demand, this has pushed prices up. While the coalition’s reforms have helped slightly, making it easier to convert old offices and simplifying some rules, and more public [...]
Move into the heart of city living October 24, 2013 Make a smart international investment or simply live among some of the world’s most famous landmarks There are certain things non-Londoners take for granted that seem like every-day miracles to those living in the capital. Walking to work is one of them – the morning commute is inescapable in the Big Smoke. You can also [...]
Hermes Real Estate to lend to property market for first time October 14, 2013 Hermes Real Estate Investment Management Limited is to make its first foray into commercial property lending as the fund manager looks to exploit the gap in the market created by the retreat of bank finance. The company announced yesterday that it has launched the Hermes Real Estate Senior Debt Fund to invest in loans against [...]