London’s housing market heats up with 25,000 new properties for sale in September October 8, 2015 London's housing market is hotting up again after a quiet summer, with 25,000 new properties listed for sale in September. The housing market traditionally picks up in the autumn, and there was 27.1 per cent increase in properties for sale in London between August and September this year, despite the housing shortage. Only [...]
Canadian pensions giant Omers moving into the Cheesegrater October 8, 2015 Omers, one of Canada’s largest pension funds, is moving into the City’s Cheesegrater skyscraper, which is owned by the company’s real estate arm Oxford Property and British Land. The company said yesterday it plans to make the 225-metre tower, formally known as the Leadenhall Building, its European headquarters after taking up 25,000 square feet [...]
Hays share price drops as weak euro and Australian dollar hit profit October 8, 2015 A positive boost from the UK’s strong jobs market was not enough to offset the negative impact of a weak euro for recruiter Hays, it said this morning, pushing its share price down 6.7 per cent. The FTSE 250 professional recruiter reported profit growth of three per cent in the three months ending 30 September, compared with the same [...]
London house prices: Luxury apartments in Gatti House on the Strand have broken street’s square footage record October 8, 2015 A new luxury development on the Strand has broken the record for the cost of square footage in the central London district. Grade II listed Gatti House was sold as four separate apartments, with the penthouse going for around £2,260 per sq ft, while the first floor was sold for £2,100 per sq ft. This is thought to be the [...]
City Moves for 08 October 2015 | Who’s switching jobs October 7, 2015 EDMOND DE ROTHSCHILD GROUP The asset manager and private bank has appointed David Chamberlain as head of investor relations for private equity. He has served for the past 10 years as chairman and managing partner of Capstone Partners. Chamberlain also previously spent 17 years at Unigestion in Geneva, where he was successively finance director and [...]
David Cameron’s speech: Business should get behind the PM’s fight for real opportunity October 7, 2015 Politics has been full of surprises this year. The surprise re-election of the Conservative Party with an outright majority in May was followed by Jeremy Corbyn’s surprisingly decisive victory in the Labour leadership vote. And yesterday the Prime Minister showed that he too retains the capacity for the unexpected. A heavy focus on national [...]
London house prices: You’ll need to earn £77k each year to afford one of David Cameron’s starter homes October 7, 2015 Housing groups have called out Prime Minister David Cameron's new plans to accelerate the building of discounted properties for first-time home buyers, saying the government's so-called starter homes will still be out-of-reach for most workers. In his speech at the Conservative party conference in Manchester today, Cameron announced the government’s proposed “starter homes” initiative, which will be part [...]
The Docklands, Stratford and east City fringe are the last three areas in central London with office space under £40 per sq ft October 7, 2015 Companies hoping to fork out less than £40 per square feet for offices in central London may be disappointed, after new research shows there are only three areas left offering space at those prices. The Docklands, Stratford and east City fringe are the only three sub-markets in the capital offer Grade A office space at [...]
Acton, Earls Court, Old Oak Common and Nine Elms: These are London’s next 10 housebuilding hotspots October 7, 2015 The capital's supply of homes for sale – both new-builds and people putting their previously-loved properties on the market – continues to be pathetically low. But as the government attempts to increase the number of homes being built in the capital, parts of London are about to experience mini housebuilding revolutions. Knight Frank's Global Development Report highlights the areas where the biggest [...]
London’s prime housing market bigger than New York’s, says new report October 7, 2015 London’s prime housing market now stands out both in terms of the volume of prime sales and the scale of expansion, against other global cities including New York, a new report has found. The global development report 2015 by real estate Knight Frank found New York and London continue to lead development trends, in terms [...]