IREP and FuturePlus partner to enhance global sustainability in facilities and asset management May 24, 2023 FuturePlus , the sustainability management and ESG reporting platform and real estate facilities and asset management company, International Real Estate Partners (IREP), have joined forces to create a new global strategic partnership to help businesses put sustainable practice at the heart of their facilities and building management practices. Operating in 50 countries and 6 geographical [...]
Sadiq Khan: London councils need more power to take back empty properties May 23, 2023 The Mayor of London has today called on the government to devolve powers to local councils so they can set higher rates of council tax on vacant properties. It comes as part of a bid to bring back empty flats and houses to the struggling London market. “It’s a scandal that so many much-needed homes [...]
Shack up or ship out – why London’s rental market is no place for singles May 23, 2023 London’s notoriously cut-throat rental market has long lured couples into cohabitation in desperate efforts to save costs as opposed to it being the next natural step in the relationship. However, over the past 12 months a cocktail of shrinking supply and rising rents has made trying to find a home or even a room in [...]
Don’t believe the hysteria, landlords will barely pay a penny for rent reforms May 23, 2023 The new renters' rights laws attracted criticism because some argued they would drive landlords out of the market. Yet that is a misguided way of looking at these much-needed laws, writes Elena Siniscalco
Pacwest shares climb after it announces sale of £2.1bn real estate portfolio May 22, 2023 Pacwest shares rose in pre-open trading today after it confirmed the sale of a portfolio of real estate loans worth $2.6bn (£2.1bn).
House prices surge at fastest pace this year to record £373k despite Bank of England rate hikes May 22, 2023 Britain avoiding a much-forecasted recession has helped push house prices up by the greatest amount so far this year to a record high of £372,894, new figures out today reveal. The average price of a home coming to market climbed 1.8 per cent over the last month, the strongest increase in 2023, according to property [...]
Could living in the City of London become popular? May 20, 2023 The race is heating up for the smartest City of London living – Adam Bloodworth looks at the competition Crypts, former gladiatorial jousting grounds, dozens of gorgeous old pubs and even more shiny glass buildings: the City of London is an under-visited district rich with cultural things to do. We should frankly all spend more [...]
Blocking the Microsoft and Activision deal leaves gamers – and the UK – out in the cold May 19, 2023 On Monday, EU regulators approved Microsoft’s $68.7 billion acquisition of Activision Blizzard, leaving the UK and US alone in their choice to stall the deal.
Vistry shares up on positive outlook for housebuilder May 18, 2023 Housebuilder Vistry said it expects profit to grow this year despite pressure that has been squeezing many of the country’s property companies in recent months. The company, formerly known as Bovis Homes, said it expects to make a pre-tax profit “in excess of £450m” during the current financial year. It would be an increase from [...]
The London Stock Exchange has now passed the zenith of its global influence May 18, 2023 In an effort to eliminate financial risks through regulation, we've also eliminated returns. The London Stock Exchange is suffering the consequences of such a risk-averse approach, writes Roger Clarke