Revealed: £82bn in rental properties across UK are occupied by fraudsters and criminals November 21, 2022 Almost 280,000 UK rental properties, with a combined market value of £82bn, are thought to be occupied by fraudsters, City A.M. was told today. The rental market has long been a leading target for fraudsters, criminals, and money launderers. Research estimates that 5 per cent of all rental stock is being let to criminals and the [...]
Sirius Real Estate optimistic after utility prices protected and acquisition pipeline slowed down November 21, 2022 Industrial park owner Sirius Real Estate has said it will be protected from the monster operating costs facing the industrial sector due to securing a large chunk of fixed price contracts for utilities. In interim results, the property firm said it was trading in line with management expectations for the full year and undeterred by [...]
Harrods sees £15m drop in business rates assessment as retail undergoes dramatic revaluation November 21, 2022 More than half a million retail properties across England and Wales have now been revalued with new rateable values, which will be used to calculate business rates liabilities from 1 April 20023 to 31 March 2026, having been published showing a fall of 10 per ccent overall for the sector. The Valuation Office Agency, an [...]
Digital Assets Week: Conversations from the corriDAW November 18, 2022 Lord Holmes wraps up Digital Assets Week with some thoughts on the common themes from conversations in the corridors.
GPE injects £1.1bn into ‘starved’ London office market despite sinking values November 17, 2022 GPE, formerly known as Great Portland Estates, is continuing to inject £1.1bn into feeding a “starved” central London office market despite blows from rising interest rates. The London-listed firm, which yesterday secured a record leasing of the City’s 2 Aldermanbury Square to Clifford Chance, is one of the largest office leasers in the capital. However, [...]
Web3 metaverse growth is exponential November 17, 2022 Dr Chris Kacher explains how the community around a platform can co-create enabling the platform ecosystem to grow even stronger.
Crest Nicholson halts opening of new division as forward sales slow November 17, 2022 British housebuilder Crest Nicholson has halted the opening of its third new division as interest rates dampen the desire to buy a home. The FTSE250 housebuilder is not the first to voice caution over rising rates, which have pushed up mortgage costs for many – deterring Brits from jumping onto the property ladder. Forward sales [...]
Joules appoints administrators amid ‘overwhelming’ interest from suitors November 16, 2022 Administrators were appointed for beleaguered lifestyle retailer Joules on Wednesday, with some 1,600 staff members at risk. Will Wright, Ryan Grant and Chris Pole from Interpath Advisory were appointed joint administrators for the high street firm, which has struggled with a slowdown in sales. Administrators from Interpath were also appointed for its developments arm and [...]
Digital Assets Week: A ‘DAW’ to the future November 16, 2022 Lord Holmes reports on an opportunity to share the current approaches being undertaken by the UK Government on crypto regulation.
Clifford Chance to leave Canary Wharf HQ for new City offices November 16, 2022 Clifford Chance is set to return to the City after striking a deal to leave its Canary Wharf headquarters in 2028. The Magic Circle law firm has struck a deal with Great Portland Estates (GPE) to rent 321,000 sq ft of office space at the property developer’s 2 Aldermanbury Square project, which is set to [...]