Wework faces US markets regulator inquiry after failed flotation November 16, 2019 The US markets regulator will undertake an inquiry into Wework’s failed attempt to float on the New York Stock Exchange this summer. The office space company will be scrutinised by the Securities and Exchange Commission to determine whether it broke the law as it went ahead with a public listing, reports claim. Read more: Wework [...]
Property legal Q&A: The neighbours above our flat are very noisy. What should we do? November 15, 2019 Noisy neighbours are a common complaint amongst owners of flats. There are a few ways in which to approach this, and several issues for you to consider. First of all, check the terms of your lease. Better still, also check the terms of your neighbour’s lease, which you can download from the Land Registry for [...]
Focus on Wood Green: First-time buyers flock to this up-and-coming North London locale November 15, 2019 Known to many Londoners as the gateway to a night out at the Alexandra Palace, Wood Green is situated on the border between North East and North West London, just within the North Circular. It is also home to Wood Green Animal Shelter, one of the largest in London which was recently the subject of [...]
These are the top 10 London apartment blocks to rent in, according to residents November 15, 2019 More people in London are renting for longer. While that might conjure up images of shoddy house-shares and nightmare landlords, property developers are now trying to capitalise on the sheer volume of renters in the market by offering them an altogether better experience. Today, it’s not uncommon to find cinema rooms, fitness facilities and co-working [...]
The first flat in Battersea Power Station is now complete – we take a look inside November 15, 2019 Plenty of property developers try to brand their latest apartment block as ‘iconic,’ which, nice as many of them are, is usually a bit of a stretch. The redevelopment of Battersea Power Station into 253 luxury flats and a new headquarters for Apple doesn’t have that problem, however. Other than a three-year hiatus from 2015 [...]
New build homes drive UK housing supply increase November 14, 2019 UK housing supply soared in the year to the end of March driven by an increase in the number of new homes being built. There were 241,130 net additional dwellings, up nine per cent on the previous period, with new build homes accounting for 213,660. Read more: UK house prices enjoy sharp annual growth Change [...]
Has WeWork destroyed SoftBank’s credibility? November 13, 2019 By John Colley at Warwick Business School Why is Japanese investment firm SoftBank investing a further $8 billion into WeWork, even though the office rental company is now valued at just $8 billion, and buying out founder Adam Neumann at a further cost of $1.7 billion? Forgetting SoftBank’s previous sunk investments in WeWork – which [...]
London house prices suffer UK’s biggest September drop November 13, 2019 House prices in London suffered the biggest September drop in the UK, according to the latest data. Homes in the capital fell 0.4 per cent year on year that month, compared to house prices’ average increase of one per cent in England. That left London house prices with an average value of £474,601. UK house [...]
Student property developer Crosslane targets London co-living market November 12, 2019 Student property provider Crosslane has moved into the co-living market with a £355m pipeline as it eyes three new developments in London. Crosslane Co-Living has secured sites in Walthamstow, east London and Manchester’s Deansgate to build 366 new rooms over the next two years. The rental model, which is aimed at millennials, sees tenants rent [...]
Landsec swings to first-half loss after retail property values plunge November 12, 2019 Landsec swung to a pre-tax loss in the first half of the year after the value of its retail and leisure assets suffered in an increasingly challenging market for tenants. The figures The company reported a pre-tax loss of £147m, compared to a profit of £42m the previous year, resulting in a loss per share [...]