City Moves for 19 March – who’s switching jobs at EIP, Legal & General Investment Management and Oaknorth Analytical Intelligence? March 19, 2019 Who’s on the move today? EIP Leading intellectual property law firm EIP has appointed Nora Fowler as an associate in the firm’s trademark team in London. Nora joins from Novagraaf UK, where she managed worldwide trademark portfolios and provided strategic advice to clients from a multitude of sectors. Nora has a wealth of experience working [...]
Rent rises: East London outpaces West London in rental growth race March 18, 2019 Fresh evidence of demand for East London’s housing market has been underlined by new figures today, with traditional high-growth areas in the west of the capital seeing more of a slowdown in recent years. Rents in East London’s nine boroughs rose on average by more than 20 per cent since January 2012, compared with growth [...]
City Hall accused of ‘repeating mistakes’ of Garden Bridge scandal over £22m housing loan March 18, 2019 City Hall has been accused of repeating the mistakes of the Garden Bridge after it agreed to loan nearly £22m towards the development of a controversial housing site in south London. The Greater London Authority (GLA) has agreed to loan American property developer Anthology £21.8m to build homes at Woodlands and Masters house in Lambeth, despite [...]
House prices fall in London as buyers await Brexit resolution March 18, 2019 London house prices fell in March as Brexit uncertainty held back the usual spring bounce, and are down almost four per cent year on year, a new report has said. The number of sales agreed by estate agents in February was also nearly 10 per cent lower in the capital than a year before, property [...]
London hosts bulk of Britain’s £100bn of secretly owned property March 17, 2019 Over 87,000 properties in England and Wales are owned anonymously through companies registered in tax havens, it has been revealed today. Together, these properties are worth at least £56bn, according to Land Registry data, and likely worth more than £100bn when accounting for inflation, according to new analysis by anti-corruption organisation Global Witness. Read more: [...]
Focus On Clapham: Commons, good schools and cosy gastropubs means families stay put in SW4 March 15, 2019 The appeal of living in Clapham is clear for all to see. It has great transport connections along the Northern Line and Clapham Junction – one of the most well-connected stations in the UK – , particularly for south London. It’s better value for money than its north-of-the-river counterparts. The 220-acre Clapham Common is all [...]
Mortgage finance hub Lendinvest targets £500m London listing March 14, 2019 Online property finance marketplace Lendinvest has reportedly appointed advisers for a potential £500m float. Lendinvest has appointed corporate finance firm Lazards to advice on a listing, Sky News reported. It is set to appoint a syndicate of banks for a float that could happen as soon as this year. Sky reports that the banks are [...]
Savills profits slide as it warns of tough year ahead amid Brexit uncertainty March 14, 2019 Property firm Savills has posted a three per cent slip in profit before tax in 2018 as it warned of a decline in transaction volumes over the year ahead. Read more: Savills to hit 2018 targets but warns of uncertainty in the year ahead The figures Group revenue rose 10 per cent to £1.76bn. Profit before [...]
Focus On Stratford: Around 30,000 new homes are planned for the east London Olympic hub by 2030 March 13, 2019 The 2012 Olympic Games may feel like they happened last century, but their legacy lives on in Stratford. Though it resides in Newham, one of the most deprived boroughs in the capital, the host neighbourhood of the Games has attracted a phenomenal amount of property investment in both commercial and residential sectors. There are currently [...]
City Moves for 13 March 2019 – Who’s switching jobs at CMC Markets, TP ICAP and Newgate Communications? March 12, 2019 Today's City Moves include CMC Markets, TP ICAP and Newgate Communications. CMC Markets CMC Markets has announced the appointment of Ahmed Soliman as senior relationship manager. Growing the company’s Dubai presence and working with the global institutional team located in London, Ahmed will be responsible both for new sales and ongoing relationship management in the [...]