Foxtons closes flagship Park Lane office amid property market slump October 9, 2018 Estate agent Foxtons is closing its Park Lane flagship office amid a London property market slump. Staff will be moved to the Marylebone office where they will continue to cover Mayfair and Central London. Read more: Property bosses cull delivery vans in bid to protect London business The estate agent, which has 65 branches in [...]
Saudi asset manager Sedco adds £137m of European property to portfolio October 9, 2018 Saudi asset management firm Sedco has invested £137.5m in European property, including two sites in the UK. The firm has acquired a £31.8m 25-acre distribution site in Yorkshire, which is occupied by Eddie Stobart, and a £35.2m office complex in Bracknell, Berkshire, which is currently leased by Vodafone. Read more: Property bosses cull delivery vans in bid to [...]
Crypto: Unchained but regulated October 9, 2018 Crypto is the Millennials’ Rock’n’Roll” says Stephen Castell, ”and Dr Joseph Muscat, the Malta Prime Minister, has emerged as the world’s top crypto rocker, bravely positioning his beautiful sun-kissed sandstone island country, Chair of the Commonwealth, and President of the Council of the EU, as the leader in regulating Blockchain applications, ICOs, cryptocurrency trading and, [...]
Bank of England steps up Brexit derivatives warnings in plea for EU to take action October 9, 2018 The Bank of England has doubled down on its call to the EU to put measures in place to allow European banks to access UK-based clearing houses after Brexit, avoiding financial market chaos which could damage firms across the continent. City lobby groups echoed the Bank's plea, urging the EU to stop using clearing as a [...]
Commercial real estate might be reliably disinteresting now, but don’t get too cosy October 9, 2018 At a time of political and market turbulence in the UK, there is one area where we’ve seen relative stability. Commercial real estate data in recent months has been fairly constant, with no significant changes to the outlook. The returns for commercial real estate have remained disappointing relative to recent years, yet there has been [...]
Sail GP: Larry Ellison and Sir Russell Coutts attempt to sell sailing to the masses October 8, 2018 Sailing is a difficult sport for the spectator. By its very nature the action happens out on the water, away from the eyes and ears of those attempting to enjoy it. Last week a new $1m competition was launched which attempts to address that problem and in the process “redefine sailing”. Spearheaded by American tech [...]
London comes top in overseas investment ranking as Asian demand flourishes October 8, 2018 London has kept its crown as the world’s most popular city for global real estate investment, according to a new report that sheds light on the burgeoning overseas demand for commercial property in the capital. Buoyed by an influx of Asian money, London has now held its position as the top city for cross-border investment [...]
Knight Frank increases profits, despite volatile markets and politics October 8, 2018 Estate agent Knight Frank increased its profit before tax by 14 per cent last year, seeing off challenges from volatile markets and politics. The company increased turnover by £50m to £526m in the year ending March – a ten per cent rise. The increase is payoff for its investment in staff over the last five [...]
Kensington and Chelsea councillor calls for new powers to take over ‘ghost homes’ October 6, 2018 Kensington and Chelsea council have reportedly signed off on a request for ministers to give them the mandate to take over so-called ghost homes, left empty by overseas buyers waiting for their value to increase. Deputy council leader Kim Taylor-Smith has written to housing minister Kit Malthouse to call for a change in legislation, according [...]
Focus On Blackheath: New development is thin on the ground in this quintessential London village October 5, 2018 T here’s a lot of development going on in South East London, but you won’t find it in Blackheath. This little enclave is on the borders of Greenwich, Kidbrooke and Lewisham, which are all undergoing Joan Rivers-level facelifts in the next few years, but there’s nothing going on in Blackheath by comparison. Housebuilding behemoth Berkeley [...]