JP Morgan snaps up Old Street property for £181m October 5, 2021 The Great Ropemaker Partnership has announced the sale of 160 Old Street, EC1, to a fund advised by JP Morgan Global Alternatives for £181.5m. The fund comes under the management of JP Morgan’s alternative investment arm which has $191bn in assets under management. The Old Street property was comprehensively refurbished while under the management of [...]
Supermarket sweep: Sainsbury’s and Tesco singled out as next takeover targets October 4, 2021 Sainsbury’s and Tesco have been singled out as the next targets for buyout firms after the Morrisons deal. US investment company Fortress – which was beaten to the Morrisons takeover by private equity Clayton, Dubilier & Rice (CD&R) at auction – has indicated it is interested in other UK acquisitions. Joshua Pack, financier at Fortress, [...]
Supermarket sweep: Sainsbury’s and Tesco singled out as next takeover targets – CityAM : CityAM October 4, 2021 Sainsbury’s and Tesco have been singled out as the next targets for buyout firms after the Morrisons deal. US investment company Fortress – which was beaten to the Morrisons takeover by private equity Clayton, Dubilier & Rice (CD&R) at auction – has indicated it is interested in other UK acquisitions. Joshua Pack, financier at Fortress, [...]
Young Londoners want to stay in the city, but most are being priced out of properties October 4, 2021 Most younger Londoners do not want to move out of the capital to afford a home, but current property prices remain the biggest obstacle to being a homeowner for more than half of them, according to new research. The research, from affordable housing developer Pocket Living, also found that just two in ten of London’s [...]
Evergrande to sell property unit to another Chinese developer October 4, 2021 Heavily indebted Chinese property giant Evergrande is selling off a chunk of its business to raise crucial funds as further bond interest payments this month loom. According to Chinese state media, Evergrande will raise $5.1bn by selling off a majority stake in its property service unit to Hopson, another Chinese real estate developer. Before the [...]
Concoction of risks weighs on London markets October 4, 2021 A concoction of risks threatening to scupper the global economic recovery from the Covid-19 crisis weighed on London markets this morning. The capital’s premier index edged down 0.12 per cent to 7,018.60 points during the first couple of hours of trading today. Ongoing supply issues, severe shortages, accelerating inflation and the growing likelihood of central [...]
Buyers seek second homes in London to avoid countryside commutes October 4, 2021 Commuters facing the reality of daily journeys into the city are hunting for London homes with a renewed zest. Home buyers are eager to have their cake and eat it too, with some people having settled in the countryside now looking for second homes in the city. The number of new prospective buyers registering with [...]
Evergrande shares suspended in Hong Kong amid takeover rumours October 4, 2021 Turmoil in Hong Kong this morning, as trading in shares from property giant Evergrande Group and its real estate management unit Evergrande Property Services have been suspended. The companies’ filings did not specify why the shares were stopped from trading. Cailian, a Chinese online news service affiliated with the state-run newspaper Securities Times, said another [...]
A house in St John’s Wood with a garden to die for October 1, 2021 ‘Our England is a garden that is full of stately views, / Of borders, beds and shrubberies and lawns and avenues’ – so begins Rudyard Kipling’s 1911 poem, The Glory of the Garden. Over a century later, England’s towns and cities are not quite so green, and houses with decent-sized gardens are harder to come [...]
Can EVs really handle a family holiday? October 1, 2021 Electric vehicles (EVs) have enjoyed soaring sales in recent years but there are still many EV doubters out there, not least because of the charging infrastructure. Among them is Allegra Stratton, the UK government’s spokesperson for the upcoming COP26 climate summit. She made headlines by saying she couldn’t use an EV because stopping to recharge [...]