Beltane to buy its first property June 27, 2010 BELTANE Asset Management has bought Pellipar House in Cloak Lane for an undisclosed sum. The investment and asset management company acquired the property near Cannon Street in an off-market transaction from ING. It is the first purchase for the firm, which was set up by Johathan Chenery and Duncan Roe earlier this year. The building [...]
Property’s renaissance June 8, 2010 COMMERCIAL property is back in fashion. A recent survey by Aberdeen Asset Management found that UK pension funds are actively looking to increase their commercial property exposure. It found that out of the 166 pension funds it interviewed, two thirds had exposure to property and 36 per cent of those said they would increase their [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 7, 2010 FINANCIAL TIMES ROCKHOPPER set for $40m CASh CALL Rockhopper, the first explorer to find oil on the Falkland Islands, is priming a £40m cash call that could be launched this week. The Aim-quoted oil company, one of three small UK wildcat explorers drilling for Falklands oil, has been working with broker Canaccord Adams to sound [...]
Q&A: BUYING May 27, 2010 Camilla Dell MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, Hips were originally introduced to protect buyers, now that they have been abolished what protection do buyers have? A. HOME Information Packs (Hips) were initially put in place to help buyers find out important information about the properties they were buying and to stop sales falling [...]
Rich List shows huge swing back to wealth April 25, 2010 THE RICHEST people in the country saw an astonishing reversal in fortunes this year as their collective wealth rocketed more than £77bn. The annual Rich List compiled by the Sunday Times shows the super-wealthy managed to more than claw back losses made during the dark depths of the global recession. The wealth of the 1,000 [...]
British Land closes £29m West End offices deal April 16, 2010 BRITISH Land has sealed a £29m deal for a West End development site. The 93,000 square-foot property in Baker Street was bought from Irish developer McAleer & Rushe. It will be developed as a mixed office and retail scheme which has already been given planning permission. The company said it was confident that the market [...]
The fund manager who swallowed New Star and is looking for more March 28, 2010 We are at the beginning of the end of the financial crisis, according to the chief executive of Henderson Global Investors. “It will be a very slow recovery throughout 2010,” says Andrew Formica, the 38-year-old boss of the UK’s third-largest listed fund manager, which boasts assets under management of £58.1bn. The confident Australian is sat [...]
Light at the end of the tunnel, but buyers should stay cautious March 25, 2010 IT’S the perennial dinner party question: what will happen to house prices in the coming year? With a hung parliament on the cards come May and economists divided over when the Bank of England will decide to raise interest rates, those who are looking to move property remain understandably nervous. Mortgages are still hard to [...]
The sun is shining on property in the Med March 11, 2010 THIS year’s freezing winter may well have proved a tipping point in your decision to invest in a sunny property abroad – and it couldn’t have arrived at a better time. Possibly by the time the time London’s largest overseas property fair, A Place in the Sun (held at Earl’s Court) rolls around 26-28 Mar, [...]
Ronson plans City hotel March 4, 2010 GERALD RONSON, the billionaire and head property group of Heron International, has submitted plans to build a five-star hotel and more than 100 luxury apartments in the heart of the City of London as part of a large £500m project. The plans will see a five-star hotel run by Four Seasons and 120 luxury flats, [...]