Segro buys Canning Town warehouse in £133m deal October 21, 2020 Property development firm Segro is adding a Canning Town warehouse estate to its London portfolio as it increases its presence in the capital. The landlord, which counts Amazon and Ocado as some of its clients, today announced it had acquired Electra Park, a 13 acre urban warehouse, from global investment manager Schroders for £133m. The [...]
Majority of Londoners plan to stay in capital despite pandemic fallout October 21, 2020 Londoners have remained loyal to their city throughout the coronavirus crisis, with the bulk of people in the capital pledging not to leave the city despite fresh Tier 2 restrictions and work from home orders, according to new research. Just seven per cent of Londoners plan to pack up and flee the capital in the [...]
UBS profit soars 99 per cent on trading boom October 20, 2020 UBS reaped the benefits of the rebound in global markets in the third quarter, with its investment banking arm helping the overall business achieve a 99 per cent jump in profit. The Swiss lender’s wealth management arm – which has been a focus of departing chief executive Sergio Ermotti – also expanded despite the coronavirus [...]
Exclusive: South London boroughs lead house price charge October 20, 2020 The south London boroughs of Merton, Croydon and Kingston saw the fastest house price growth in the year to August as the capital’s property market remained surprisingly buoyant, according to exclusive analysis by property website Zoopla for City A.M. Price growth was much slower up in Hillingdon, Barnet and Brent, however, reflecting big differences within [...]
FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased October 19, 2020 FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased
Flybe to fly again next year after administrators agree sale to Cyrus Capital October 19, 2020 Collapsed regional airline Flybe will take to the skies again next year after its administrators agreed for it to be sold to a firm controlled by hedge fund Cyrus Capital. Administrators from EY said they had agreed to a sale of Flybe’s business and assets, including the brand, intellectual property, stock and equipment, to Thyme [...]
French buyers top London prime property purchases as Chinese investment slips October 19, 2020 French buyers have jumped to the top of the rankings for property purchases in prime central London as international investors cash in on the weak pound. Property purchasers from France made up the largest group of buyers for prime spots in the capital in the first nine months of the year accounting for 11 per [...]
London’s £10m+ home market is booming in these postcodes despite lockdown pause October 14, 2020 The market for homes worth more than £10m has boomed this year with total sales eclipsing £1bn despite the shutdown of the industry during the coronavirus lockdown.
Mortgage applications soar after coronavirus lockdown lifted October 14, 2020 Mortgage applications soared after lockdown was lifted this summer, reaching an estimated value of £216bn, however the closure of the housing market means lending is expected to be down compared to last year. Pent-up demand and government incentives helped to jolt the UK property market back to life after restrictions were eased following the UK [...]
FTSE 100 and US stocks slip amid second-wave worries October 13, 2020 The FTSE 100 was set to end the day lower and US stocks fell as concerns about rising coronavirus cases and new restrictions weighed on global sentiment. London’s blue chip index opened lower and was down 0.8 per cent by 4pm at 5,951 points. The mid-cap FTSE 250 had shed 1.5 per cent. Read more: [...]