Revealed: These are buyers’ top priorities when looking for their next home November 21, 2019 UK house hunters consider a car parking space and a garden to be the top priorities when searching for a new home, according to new research. “Garage” and “parking” were the first and third most searched terms online by potential property buyers. Read more: London house prices suffer biggest annual drop in England Meanwhile, “garden” [...]
Sir Philip Green’s Arcadia confirms new chairman November 21, 2019 Sir Philip Green’s fashion group Arcadia confirmed this morning that it has appointed the former boss of the De Vere hotel and leisure group as its new chairman. The embattled retail firm has drafted in Andrew Coppel, who currently sits on the board of housebuilder MJ Gleeson. Read more: Hammerson continues retail property spree Coppel [...]
Ex-De Vere boss Andrew Coppel to be appointed as Arcadia chairman November 20, 2019 Sir Philip Green’s Arcadia Group is preparing to appoint the former boss of the De Vere hotel and leisure group as its new chairman. The appointment of Andrew Coppel, who currently sits on the board of housebuilder MJ Gleeson, is expected to be announced tomorrow, Sky News reported. Read more: Arcadia bolsters senior digital team [...]
Poll: UK house prices won’t match low inflation until 2021 November 20, 2019 UK house prices will not match low inflation until 2021 and are set to fall in London this year as buyers are put off by continuing Brexit uncertainty, according to new research. House prices in the capital will fall 1.5 per cent this year and only hold steady in 2020, a poll by Reuters found. [...]
City Moves for 20 November – Who’s switching jobs at Allsop, Baker McKenzie and Saga? November 20, 2019 Today’s City Moves includes Allsop, Baker McKenzie and Saga Allsop Leading property consultancy Allsop has appointed Jamie Hopkins to its board as non-executive director. Jamie is the former chief executive officer of Workspace, a leading provider of business space, having served in the role since 2012. Scott Tyler, senior partner at Allsop, said: “We are [...]
Negative interest rates help drive up demand for Swiss ski chalets November 19, 2019 Switzerland’s ultra-wealthy are snapping up ski chalets as a way of protecting their money against a backdrop of negative interest rates. As the skiing season draws near, rich Swiss residents are turning to Alpine resorts to store their capital rather than letting it depreciate in the bank. Read more: A trip inside the world’s slowest [...]
Hammerson continues retail property disposal with £54m sale November 19, 2019 Hammerson has continued its property disposal programme with the £54m sale of a Gloucester retail park to a local authority. Following the sale of St Oswald’s Retail Park, Hammerson has reached £577m worth of disposals in 2019, including the sale of a major stake in its Italie Deux flagship destination in Paris for £423m in [...]
Pub operator Ei Group reports earnings drop ahead of Stonegate deal November 19, 2019 Ei Group, the pub operator being bought by Slug and Lettuce owner Stonegate, reported that earnings dropped this year after the disposal of 354 venues. The figures Revenue was up 4.17 per cent from £695m to £724m, in the 12 months to 30 September. Read more: Competition watchdog to examine £1.3bn tie-up between Stonegate and [...]
Softbank in talks to take over KPMG’s private members’ club November 19, 2019 Softbank is reportedly in talks to take over the KPMG’s controversial private members’ club in Mayfair, after regulators expressed concerns the auditor was giving memberships to its clients as perks. KPMG put the five-storey club, called Number Twenty, on the market in September as part of a cost-cutting drive but stepped up efforts to offload [...]
New York State Attorney General reportedly investigating Wework November 19, 2019 Embattled office space firm Wework is reportedly being investigated by the New York State Attorney General (NYAG). The issues NYAG is examining include whether Wework founder and former chief executive Adam Neumann indulged in self-dealing to enrich himself, Reuters reported. Read more: Wework losses ballooned to $1.3bn in quarter before failed float The investigation comes [...]