An update from Fund Manager of Aberdeen Standard European Logistics Income, Evert Castelein October 11, 2021 To watch the update video in full, visit: https://doceo.tv/funds/aberdeen-standard-european-logistics-income In the latest video from fund manager Evert Castelein, he discusses the opportunities within the European logistics market, provides us with an overview of this property portfolio, updates us on performance and announces a £75m capital raise. Visit the page to also watch Evert’s three minute [...]
Buy-to-let and partnerships power LendInvest portfolios in first results since IPO October 11, 2021 In its first update since going public, property finance asset manager Lendinvest has reported a 31.7 per cent increase in assets under management and a 39.8 per cent increase in funds under management. The growth was caused by record originations in buy-to-let (BTL) as well as new transactions and financial partnerships – including the £100 [...]
Big-money London property sees bumper 2021 October 11, 2021 Some 352 £5m-plus transactions have completed this year already, more than in the entire years of 2020 and 2019. That includes 94 homes selling for more than £10m. Nearly half of all sales were in Chelsea, Kensington, Belgravia, Notting Hill and St. John’s Wood. Savills, which compiled the data, said the market had predominantly been [...]
Revealed: The UK’s top 10 hottest property markets where house prices rise fastest October 9, 2021 City A.M. can reveal this morning what are the property hotspots across Britain at the moment, with Toxteth in Liverpool being identified as the number one market, with a 20 per cent increase in the average price tag for a home over the past year. Accrington in Lancashire, Retford in Nottinghamshire and Heywood in Greater [...]
Stablecoin Tether pressured to reveal the location of its reserve funds October 8, 2021 Tether, a stablecoin pegged to the price of the US dollar, is facing scrutiny once again over the location of its reserve funds. Tether Holdings Inc issues one token for each dollar it receives. This means that trades made using USDT are supposedly backed by the companies’ dollar reserves – a quality which has made [...]
Not using a selling agent? You could be missing out big time October 8, 2021 There really is no exact science when it comes to putting a price on a property. Ultimately, reality dictates that it is only worth what someone is willing to pay – something many agents overlook, or fail to communicate, when it comes to recommending the asking price. Since selling your home can be one of [...]
A new app lets you invest in property from your phone October 8, 2021 We have become used to doing our banking and investing from our phones, so now a new financial-meets-lifestyle app is launching specifically for investment in the UK residential property sector. If you’ve had your eye on the buy-to-let market, but haven’t jumped, from next month you can build a property portfolio with a few clicks. [...]
Is bling out? What Chinese “common prosperity” means for luxury goods October 8, 2021 Evergrande Group will not have helped to calm the nerves of investors in European luxury goods companies. They’ve viewed recent developments in China with some trepidation. The difficulties facing the country’s second largest property developer (by sales) add to a checklist of concerns. These concerns include a slowdown in economic activity (for background, see: China: what [...]
Saudi Arabia’s takeover of Newcastle United is about far more than football October 7, 2021 After years of speculation, prevarication and consternation, Saudi Arabia has at last sealed the purchase of a Premier League football club, something it has long coveted. With a deal for Newcastle United finally set to be announced, one of the most tumultuous episodes in English football history is apparently drawing to a close. Rumours have [...]
City Moves: Who’s switching jobs in the Square Mile today? October 7, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Collidr London-based digital asset management group Collidr has posted a former Aberdeen Asset Management Director to its board. Joining as a Non-Executive Director of UK entities, Heather Manners brings some 35 years experience in fund management to [...]