Lord Adair Turner finds something useful to do March 9, 2015 The man who described some banking as socially useless gets a new job – with a bank. It is not unfair to say that Lord Adair Turner has not always been a friend to banks. Turner was a non-executive director at Standard Chartered in the boom years before the crash, and an executive at Merrill [...]
Mayfair flat just bigger than a bathroom lets within 40 minutes for £1,560 per month March 9, 2015 London's property market appears as hot as ever, after a flat in luxurious Mayfair only a little bigger than a bathroom took just 40 minutes to let. Boasting just 301 sq ft, the one-bedroom flat in Pollen Street has set a new record for speed in London's notorious rental market. Mayfair agent E J Harris [...]
Whitewood Reff IPO: Benelux focused property firm to float in London March 9, 2015 A property arm of Whitewood Group has unveiled plans to float in London to raise cash for a push into Holland and Belgium’s commercial property sector. Whitewood Reff will raise up to £125m from listing and aims to start trading on the main market of the London stock exchange next week. The vehicle, led [...]
City A.M. partners with Crowdnetic to launch crowdfunding site CityAMCrowdwatch.com March 5, 2015 City A.M. has partnered with Crowdnetic for the launch of its suite of UK crowd finance data. It features information on private UK-based companies publicly raising capital online through securitiesbased crowdfunding portals. Through CityAMCrowdwatch.com, investors can track a comprehensive listing of UK private offerings from leading platforms including Property Moose, Angels Den, Crowd for Angels, Fireflock, [...]
Knight Frank Wealth Report 2015: Which is the world’s hottest luxury property market? March 5, 2015 The world's richest individuals are piling into properties in the world's most expensive cities, pushing up prices of luxury homes. The value of luxury residential property across the world rose by an average of about two per cent last year, based on prices in the 100 locations covered by Knight Frank's Prime International Residential Index [...]
Silicon Roundabout costs are on the rise: East end property tech bubble pricing out small businesses March 4, 2015 The property tech bubble in London’s east end is pricing small businesses out of the market. Shoreditch, Clerkenwell, Aldgate and Whitechapel: over the last decade these places have become the breeding ground for media and tech start-ups, as well as larger blue-chip companies looking to grow their digital operations. However, East London’s success at [...]
Property investor buoyed by strong capital portfolio March 4, 2015 Property investment firm CLS Holdings yesterday said the market value of its London portfolio jumped 34 per cent, to £705m, in 2014. The company said this uplift reflected both strong growth in the value of underlying investment properties and “very strong growth” in the values of its four developments in the city. London made up [...]
Seedrs co-founder Jeff Lynn talks risk, investor expectations and the future of crowdfunding March 4, 2015 In 2014, the fastest growing subsector of Britain’s alternative finance market was equity-based crowdfunding, according to figures from EY and the University of Cambridge. It grew by a whopping 420 per cent, with volumes totalling €111m (£80.5m). But such fast growth makes it increasingly vital that would-be investors have access to information about the industry. [...]
Coalfields ready to rebrand as it buys Harworth March 3, 2015 PROPERTY firm Coalfield Resources is to rename as Harworth Group and relist on the London stock market after acquiring the 75.1 per cent of Harworth Estates that it does not already own. Coalfield announced yesterday that it had agreed terms with the board of the pension protection fund to pay £150m for 730,674,465 new shares [...]
Basement projects in Kensington, Chelsea, Hammersmith and Fulham to be inspected by Health and Safety Executive after rise in incidents March 3, 2015 Basement projects in “high value London boroughs” are to be inspected by the Health and Safety Executive (HSE) next week amid concerns that there has been a rise in the number of incidents. Construction inspectors will be focusing on properties in Kensington and Chelsea as well as Hammersmith and Fulham throughout the week beginning [...]