Aviva Investors buys Docklands hotel site for £106m January 15, 2020 Aviva Investors’ Lime Property Fund has bought a £106m hotel development site near Canary Wharf. The asset management arm of Aviva has acquired the freehold interest in the site next to Westferry DLR station, where developer Rockwell will build a 30-storey Premier Inn Hotel. Read more: London luxury hotel market booms Whitbread, the owner of [...]
UK house prices increase as market shows signs of confidence in November January 15, 2020 UK house prices increased in the year to November, demonstrating returning signs of confidence in the property market, according to the latest data. Average UK house prices were up 2.2 per cent in November last year, compared to a 1.3 per cent jump in the year to October. Read more: London’s house prices rose twice [...]
New mortgages fall in November after 2018 surge January 15, 2020 The number of first time buyer mortgages dropped in November last year, following a surge in house purchase activity in 2018. There were 30,620 new first-time buyer mortgages completed in November 2019, a decline of 10.5 per cent compared to the same month the previous year. Read more: First time buyer mortgages hit 12-year high [...]
RCEP or CPTPP: Will Asia finally agree a trade deal? January 14, 2020 It is occasionally worth revisiting where Asia is with its expansive and highly complex trade negotiations, given that one can often get lost in the acronyms and fanfare of the latest set of talks. The first major attempt, an agreement with 11 signatories called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or TPP11 — [...]
Rocket list 2020: The best London startups to work for this year January 14, 2020 Fintech firms dominate a new list of 32 fastest growing London startups released today, with the companies listing 499 open positions. Job site Otta, which focuses on the most innovative firms in the capital, has today released its Rocket List, highlighting the firms expanding the fastest in 2020. Nine fintech firms made the list, including [...]
Revealed: The London boroughs with the most new build homes January 14, 2020 The City of London has the biggest proportion of new build housing stock compared to the other boroughs in the capital, according to the latest research. In total, 28 per cent of the property currently listed for sale in the Square Mile falls into the new build sector. Read more: UK housing market stable despite [...]
City Moves for 14 January – Who’s switching jobs at Commify, Unite Group and Rede Partners? January 14, 2020 Today’s City Moves includes Commify, Unite Group and Rede Partners Commify Business communications firm Commify has announced the appointment of Richard Hanscott as its new chief executive officer (CEO). Richard’s most recent role was CEO of Yell where he joined in 2011, leading a successful transformation of the business to a fully digital. Prior to [...]
Property of the Week: This £20m Fulham mansion has The Hurlingham Club and a heliport on its doorstep January 10, 2020 Cinema, swimming pool, sauna, bar, wine storage. These are things most of us can only dream of having in our homes – but that’s what one super-rich buyer will be getting if they snap up Fulham mansion, New Lodge. New to the market with a jaw-dropping £20m price tag, the six-bed, six-bath home on Broomhouse [...]
Game calls for ‘realistic’ rents as it closes 40 stores across the UK January 9, 2020 Game today urged its landlords to set “realistic” rents as the retailer confirmed it will close 40 stores across the country. The video game chain, which is owned by Mike Ashley’s Sports Direct, had already served notice to 13 sites, including Watford, Canterbury and Leicester. Read more: Sports Direct set for Game Digital takeover after [...]
Home is where the heart is: how to revolutionise the house buying process January 9, 2020 For too many people, home ownership is a distant dream. In today’s Britain, only about 27 per cent of people aged 25 to 34 own their home — a huge dip compared to 1990, when ownership for this age group was 50 per cent, according to the Resolution Foundation. Sky-high property prices, the need to [...]