Summer house deals dip amid Brexit uncertainty August 21, 2019 Britain’s property market suffered a sharp fall in the number of transactions made between June and July, as the traditional summer slowdown and growing uncertainty over Brexit dented activity. Figures released by HMRC this morning show a marked reduction in the number of property transactions over the summer months, with a drop of 8.5 per [...]
Greene King shares surge 50 per cent on news of purchase by Hong Kong’s richest man August 19, 2019 Investors raised a glass to Greene King after the pub and brewery group agreed to be taken over by Hong Kong’s richest man in a £2.7bn deal. Shares shot up more than 50 per cent yesterday following the announcement that a subsidiary of CK Asset Holdings (CKA) will buy the entirety of Greene King’s shares [...]
‘Dearth of supply’ sees London office vacancies drop to lowest level since 2007 August 19, 2019 A supply starved market and weakened investment has led to vacancy rates in London offices falling to their lowest level since 2007, a new report has found. The amount of available office space in London has fallen 19 per cent over the past year, with vacancies in the City dropping 27 per cent, according to [...]
Sales tick up as pre-Brexit buying spree gives summer boost to housing market August 19, 2019 Househunters hoping to lock in a deal ahead of the government’s Brexit deadline have driven a surprise buying spree this summer, giving life to the property market’s quietest season of the year. Agreed house sales in August rose 6.1 per cent from the same month in 2018, rising to the highest level at this time [...]
Why you should be worried about the rise of the Bank of Mum and Dad August 16, 2019 The yearning to own one’s home is as British as a piping hot cup of tea, cricket, or a traditional roast dinner, and the UK’s rates of ownership-occupancy have traditionally been among the highest in Europe. Unlike many traditions, this desire hasn’t been dented by the complexities of modern life either. One recent survey revealed [...]
Belgravia’s billionaire strip: London’s new hotspot has £1.4bn property pipeline August 15, 2019 A strip of prime property in East Belgravia is undergoing a development boom with £1.4bn of investment in luxury homes and hotels in the pipeline, according to a new report. The plot of land between Upper Belgrave Street and Grosvenor Place, dubbed the billionaire’s strip, has been earmarked for private mansions, penthouses and VIP clubs. [...]
City Moves for 15 August – Who’s switching jobs at Moss Bross, Mullenlowe Group and Quinn Emanuel? August 15, 2019 Today’s City Moves includes Moss Bross, Mullenlowe Group and Quinn Emanuel. Moss Bros Men’s tailoring giant Moss Bros has appointed Avis Darzins (pictured) as a non-executive director, effective 1 September 2019. Moss Bros has announced also that Maurice Helfgott, in line with good corporate governance following nine years’ service, will no longer be senior independent [...]
London house prices continue to slide under Brexit pressure August 14, 2019 London house prices have continued their slide with a year-on-year fall of 2.7 per cent in June, figures from the Office for National Statistics (ONS) showed today. Read more: London house prices suffer worst plunge in 10 years The figure marked a slowdown from the 3.1 per cent drop seen in May, however, which was [...]
European stock markets slip back into red after German economy shrinks August 14, 2019 European stock markets have fallen into the red this morning after Germany’s economy shrank in the second quarter. Read more: German economy shrinks in second-quarter as exports slump Equities were also levelling out after US President Donald Trump put a rocket under global markets yesterday by announcing his country would hold back on some planned [...]
Henderson Park buys Irish real estate fund Green Reit in €1.3bn deal August 14, 2019 Real estate investment group Henderson Park today said it had agreed to acquire Irish real estate fund Green REIT in a €1.3bn (£1.2bn) deal. Green Reit floated in 2013 as Ireland’s property market began to recover after the country’s real estate crash. It put itself up for sale in April because its shares were trading [...]