Hammerson sells seven retail parks to Orion for £400m February 21, 2020 Hammerson has sold seven retail parks to Orion’s European real estate fund for £400m, the largest sale of its kind in the UK for a decade. The parks are dotted around the country in places such as Didcot, Falkirk, Rugby and Telford. The deal, which is expected to raise proceeds of £395m, takes the total [...]
Cushman & Wakefield enters UK’s flexible office market February 20, 2020 Commercial property agency Cushman & Wakefield has entered the UK’s growing co-working market with the launch of a new flexible workplace service. The service – named Indego – will offer landlords design and build, marketing, sales and on-site operations services under a management agreement with Cushman & Wakefield. The service was set up to offer [...]
City of London office leasing hits all time high February 20, 2020 Office space leasing in the City hit an all time high in 2019, rising to 43 per cent of all take up across London, according to the latest research. Leasing in the City reached 6.4m sq ft last year, a jump of three per cent on the previous year. Total office leasing in London reached [...]
Polish billionaire Dominika Kulczyk snaps up Knightsbridge property for £57.5m February 19, 2020 Polish billionaire Dominika Kulczyk has reportedly snapped up a luxury property in Knightsbridge for £57.5m. Kulczyk, one of the richest people in Poland, bought the Georgian redevelopment near Harrods from residential developer Mike Spink, after taking control of the Farringdon Property Trust, Bloomberg reported. The deal signals a pickup in London’s luxury residential market transactions. [...]
London house prices: Did your borough benefit from the Boris bounce? February 19, 2020 The increased political certainty offered by the Conservative General Election victory in December has been credited with giving London house prices a “Boris bounce”. This morning the latest data from the Office for National Statistics (ONS) showed that UK house prices jumped 2.2 per cent on an annual basis in December, with London house prices [...]
London house prices rebound with 2.3 per cent growth after election February 19, 2020 London house prices grew at their fastest rate in 15 months in December following Boris Johnson’s election win, official figures showed today, as UK house prices also rose. Homes in the capital enjoyed a 2.3 per cent rise to £484,000 after a 2019 full of falls, according to the Office for National Statistics (ONS). The [...]
Winter Economic Update Webinar with Vicky Pryce February 18, 2020 Register for the webinar to join moneycorp for their Winter Economic Update on Tuesday 25th February at 1pm GMT. The global economy has endured a turbulent start to 2020, affecting the currency markets and minds of investors around the world at the same time. With January already seeing the UK leave the EU, escalating tension [...]
Remortgages jump as owners invest in home improvement projects February 18, 2020 The number of homeowners remortgaging their properties to access additional cash jumped in December, as Brits took advantage of low interest rates to invest in home improvements. Remortgages with additional borrowing increased 5.9 per cent at the end of last year as homeowners borrowed money for DIY projects. The average additional amount borrowed in the [...]
Mobile provider Three taps Cityfibre for 5G rollout February 18, 2020 Mobile operator Three today announced that it has chosen challenger broadband firm Cityfibre to help build its 5G network. The deal means Cityfibre will be Three’s preferred provider of digital infrastructure for its network outside London. The first phase of the agreement will connect the mobile company’s 5G network in 23 cities where the broadband [...]
How to finance overseas purchases February 17, 2020 From a holiday home overseas to luxury goods and split asset investment, there are ways to make the most of your money overseas. From artwork and jewellery to a yacht or a horse, when it comes to finding a unique item, attention to detail and personal service matter. Whether you’re buying online or in-country overseas, [...]