Exclusive: Cautious investors reluctant to launch funds in polarised market, says Savills CEO November 25, 2020 Institutional investors are increasingly reluctant to pour capital into property funds, as the pandemic has turned the sector’s investment cycle upside down, according to Savills group CEO Mark Ridley. Speaking exclusively to City A.M., Ridley said during a wide-ranging interview that October alone saw the third highest level of monthly redemptions ever experienced by open-ended UK real [...]
London to buck UK trend with uptick in 2020 housing sales completions November 25, 2020 London is expected to buck the national trend to record an uptick in housing sales completions this year, according to the latest research. Completed sales across the UK are expected to fall six per cent compared to last year, an improvement on the original forecast of a 15 per cent drop, as the housing market [...]
UK housing transactions surge in October due to stamp duty holiday November 24, 2020 UK housing transactions surged in October as the stamp duty holiday reignited the property market following the first coronavirus lockdown. Residential transactions jumped 8.1 per cent to 105,630 last month, compared to October 2019. Activity was 9.8 per cent higher than September, according to the latest statistics from HM Revenue and Customs (HMRC). Non-residential transactions [...]
How Can I Invest in Blockchain? November 24, 2020 With the current frenzy of interest in bitcoin, there is an increasing number of people interested in trying to ride the ‘hype’ wave and invest in blockchain. And like any investment, you should always do your research. This article is not a recommendation or endorsement for any specific token or platform. So if you’re looking [...]
Daily Mail publisher lifts dividend despite Covid-19 profit hit November 23, 2020 The publishing group behind the Daily Mail and the Mail on Sunday today said it will hike its full-year dividend, despite seeing its profit slashed in half due to the coronavirus pandemic. The figures Daily Mail and General Trust (DMGT) posted revenue of £1.2bn in the year to the end of September, down 14 per [...]
Tory mayoral candidate pledges to build 100,000 homes for young Londoners November 22, 2020 Young Londoners will be able to buy new homes for £100,000 in the capital with a deposit of just £5,000 if Tory mayor candidate Shaun Bailey is elected next year. Bailey will announce tomorrow that if victorious in the May poll that he will build 100,000 “Millennial homes” that can only be bought by young [...]
Dispute getting you down? November 20, 2020 There are many services provided for small to medium sized businesses that do not get enough credit for their success and efficiency. Mediation is most certainly one of them. For those unfamiliar with the term “Mediation”, picture two or more parties to a commercial, or civil dispute seeking an alternative to the time consuming, extortionately [...]
BNP Paribas’ UK property chief on the impact of the pandemic November 20, 2020 In his first interview since taking up the role of UK CEO of BNP Paribas Real Estate in July, Etienne Prongué sat down with City A.M.’s Michiel Willems to discuss the unprecedented beating the City’s property investment space received since the start of the pandemic, with transaction and fundraising levels remaining suppressed. But despite the [...]
Unite Students to buy 800-bed development from Travis Perkins November 20, 2020 Student accommodation developer Unite Students has bought a new 800-bed site in Paddington from Travis Perkins, the company announced today. Total development costs for the project are expected to be £150m, which will be funded through proceeds from its last equity raise. Unite is planning to open the development – its second partnership with Travis [...]
Cineworld reportedly mulling CVA to get through to the spring November 19, 2020 Cineworld is reportedly mulling entering a “company voluntary arrangement” (CVA) in a bid to keep the struggling cinema chain alive through to the spring. As a result of new restrictions imposed by the pandemic and decisions by Hollywood execs to delay a number of blockbusters, the company has shut all 657 of its cinemas in [...]