City Moves for 16 October – Who’s switching jobs at BNP Paribas, Rentify and Civitas? October 16, 2019 Today’s City Moves includes BNP Paribas, Rentify and Civitas BNP Paribas BNP Paribas Asset Management (BNPP AM) has appointed Arnaud Schwebel as global head of its new retirement solutions department. Arnaud will assume responsibility for the department, as well as for the operational supervision of BNP’s French savings and retirement channel. Arnaud was previously head [...]
Polystyrene: The turnaround from misperception to circularity success October 15, 2019 Image: Polystyrene’s circularity in action with Agilyx’s recycling technology at the Regenyx facility in Tigard (photo by Agilyx). Polystyrene is very widely used, with approximately 800.000 tons sold into the European Union packaging market every year and several million tonnes of virgin polystyrene produced globally every year. It lends itself well to safe food packaging, [...]
First time buyer mortgages hit 12-year high October 15, 2019 The number of first time buyer mortgage completions in August soared to the highest level since before the financial crisis. There were 35,010 mortgage completions for new buyers – an increase of 0.7 per cent on August last year – reaching the highest level since 2007. Read more: Mortgage approvals grow despite Brexit uncertainty Andrew [...]
No-deal Brexit: The potential winners and losers October 15, 2019 As you read this, Brexit negotiators are working around the clock to come to an agreement that will enable the UK to leave the EU in an orderly way by the Halloween deadline. Both sides have said they are committed to working out a deal, but with time so short, nothing is certain. If they [...]
The Office Group buys Chancery House for £100m October 14, 2019 Flexible workspace provider The Office Group (TOG) has bought Chancery House in a deal worth more than £100m. The 150,000 sq ft property in Chancery Lane is the co-working group’s largest London property to date. Read more: The Office Group expands into Hammersmith Wework rival TOG bought the block near Chancery Lane and Holborn Underground [...]
London co-living developer aims to raise £650m October 14, 2019 The Collective and DTZ Investors are seeking to raise £650m to fund a co-living space boom in London. Coliv – the first institutional large-scale co-living fund – will seek to acquire or fund between six and ten developments in the capital over a ten year period. The rental model, which is aimed at millennials, sees [...]
Property giant Land Securities eyes £650m sale to fund real estate expansion October 13, 2019 Property giant Land Securities is reportedly close to selling a £650m stake in a leisure portfolio to private equity property investor CIT Partners. Land Securities is understood to have agreed to sell its 95 per cent share of the X-Leisure Unit Trust – which is behind developments including Xscape Milton Keynes and Brighton Marina – [...]
Donald Trump reveals phase one trade agreement with China October 12, 2019 The US and China have come to an agreement on the first phase of negotiations, President Donald Trump confirmed on Friday. The “substantial” trade deal covers intellectual property, financial services and large agricultural purchases. Read more: Trump turns against Fox News after latest impeachment poll Following talks with China’s Vice Premier Liu He, Trump told [...]
Four tactics buyers must use to beat sellers in London’s housing market October 11, 2019 If you’re looking to buy residential property in London right now, buckle your seatbelt: despite recent doom and gloom headlines, Central London remains a seller’s market. It is true prices have come off about 20 per cent since the 2014 high. It’s also true that the average time a London home spends on the market [...]
Why cash-rich renters are on the rise October 11, 2019 According to conventional British wisdom, renting is something you do when you can’t afford to buy a house. While that’s still true of the majority of London renters, there is another group – and they’re growing. Some are international executives coming here to work for a year or two. There are wealthy overseas students, too, [...]