Viventi in £100m UK build-to-rent investment after appointing FirstPort at partner February 12, 2019 US investor Viventi has said today that it is planning to inject £100m into the UK’s growing build-to-rent (BTR) market. In a bid to cash in on the rising demand for homes built specifically with a view to being rented out and professionally managed, Viventi Capital Management is moving into the UK properry market with [...]
You can now trade London skyscrapers on a real estate stock exchange – here’s how it works February 12, 2019 Down the years, through booms and busts, investment in property has always meant one thing – buying buildings. And whether it be a corner shop or a skyscraper, the principle has always been the same – it’s the whole building that you buy. We take that for granted. Read more: Sharp rise in property values [...]
TAG launches scheme to protect brands’ advertising amid crackdown on pirate sites February 12, 2019 The Trustworthy Accountability Group (TAG) today launched a new initiative to help protect brands from appearing on websites that post pirated material. As part of the scheme, known as ‘Project Brand Integrity’, the industry body will monitor adverts and alert brands if their campaigns are running on pirate sites. Read more: Government calls for probe [...]
London house prices: Prime postcodes dip as Brexit uncertainty weighs on market February 12, 2019 House prices in London’s most expensive neighbourhoods tumbled in the run-up to Christmas, continuing on a downward trend in the wake of uncertainty from both buyers and sellers. According to new data from Lon Res, prime property prices in the fourth quarter of 2018 fell 5.7 per cent when compared with the same period in [...]
City Moves for 12 February – who’s switching jobs at CMR Surgical, The Ozone Project and Deloitte? February 11, 2019 Who’s on the move today? CMR Surgical CMR Surgical, the British company developing a next-generation surgical robot, has announced the appointment of Ingeborg Øie as chief financial officer and member of the Board of Directors, effective from 25 February 2019. Ingeborg joins CMR Surgical from Smith & Nephew, the FTSE 100 global medical technology business, [...]
Busting the millennial myth February 11, 2019 Last month I was invited to present at a conference in Berlin; I spent a couple of days preparing and got up at 4am to fly over. The speaker before me confidently told the audience that millennials lacked their elders’ work ethic so would drag down productivity and GDP growth. As I took to the [...]
Telford Homes to develop £160m Stratford project February 11, 2019 London developer Telford Homes has ramped up its investment in East London this morning after announcing plans for a £160m housing site in Stratford. The housebuilder, which specialises in non-prime London property, has snapped up the 1.2 acre development for £20m as it looks to tap into recent regeneration following the arrival of Westfield shopping [...]
Government housing targets under fire from UK watchdog February 8, 2019 The government’s method used to assess the number of homes needed to fix Britain’s housing crisis is "flawed", according to the UK's public spending watchdog. In a damning new report published today, the National Audit Office (NAO) has said that the government’s planning system “is underperforming and cannot demonstrate that it is meeting housing demand [...]
How to capitalise on China’s luxury boom February 8, 2019 As many companies experience a slowdown in China, luxury brands are surely smiling as they look at their sales performance. Last week, LVMH – the world’s largest luxury group, which includes brands like Louis Vuitton, Dior, and Moet & Chandon – surprised everyone by announcing an increase in sales during its fourth quarter earnings, and [...]
Shareholder feud mounts as Samuel Tak Lee plans to vote against re-election of Shaftesbury bosses February 7, 2019 The war of words between one of London’s largest landlords and a Hong Kong billionaire has escalated this morning in the run-up to an investor showdown set to take place tomorrow. Samuel Tak Lee, who owns a 26 per cent holding worth £700m in West End property group Shaftesbury, has revealed today that he will [...]