Nearly 5500 new flats and houses were sold in London between January and September. Guess who bought 1500 of them: overseas buyers. Guess how many of the 5500 are lived in by their owners: just one third. Two thirds were bought by investors who are renting them out. Guess how many cheap, one-bed flats could have been sold if only developers would build them: about 20,000.
Read full article...Restricting the air supply: Aviva took £1bn of property off the market, including its half-share in Bentalls, to avoid an overheated market as property rises
The view from the top of the 147-metre Strata residential tower at Elephant and Castle is spectacular. Give it three months and the view of the top of 43-storey building will also be pretty spectacular.
Just under 200 sweating delegates crammed into an airless basement in the Building Centre off Tottenham Court Road on Tuesday morning to hear all about the largest development opportunity in London since the great fire of 1666.
Three years ago Simon Halabi had the chance to change the ending to a story that concluded this week with the appointment of administrators Ernst & Young (E&Y) to the larger part of his £2.5 billion property empire.
Boris Johnson produced a plan for London on Monday. Well, three plans actually. But who cares about transport and economics? Certainly not developers, they are much more interested in The London Plan proper: for proper money can be made by those clever enough to interpret the subtle shifts in planning policy laid down in its 282-pages.
Chris Grigg is in deep trouble. The 49-year-old former banker, who joined British Land as chief executive in January, has lost three members of the eight-strong team which runs the UK’s second-biggest property company day-to-day. It gets worse. The three defectors run the entire retail side of business, which accounts for 56% of the £8.6 billion portfolio.
Cheapside and cheerful: No expense has been spared at the stealth-clad One New Change and both Land Securities and the City are happy although the Prince, inset, feels thwarted
Grosvenor won’t say. Lloyds won’t say. But, rest assured, the bank is negotiating with the Duke of Westminster’s property company to take over a few of the bankrupt projects that have left Lloyds with a £60 billion real-estate headache
Ronnie Nathan is the tanned, real-estate veteran who jointly fronts the annual Variety Club property lunch at the Hilton each May. He is the shorter one in the loud tie and grey, chinstrap beard. Most diners have no idea that the 67-year-old ran a listed retail developer called Waterglade until he was ousted in 1992.
Shareholder activist group Pirc calls upon DTZ shareholders to reject the pay package of chief executive Paul Idzik at the AGM of the 5500-strong global property agents
To an event on Tuesday called “Tall Buildings in London, can they work?” held at the elegant offices of property agents Cushman & Wakefield in Portman Square. The subject matter may sound as relevant today as a colloquium on growing sunflowers in Reykjavik.
Paul Idzik, the chief executive of DTZ, said this week that searching for green shoots was "like looking for Elvis". The former chief operating officer of Barclays who joined the struggling property agent last November is understandably gloomy
At 1.20pm last Tuesday, three women office workers halted briefly outside a small, empty office block in Cannon Street
To the Olympic Village, where those responsible for its design and construction were keen to show how green and lovely the place will look when 17,000 athletes and their coaches arrive in almost exactly three years' time
Mark Morris and Maurice Golker have a very big decision to make in the coming weeks. This virtually unknown pair of property investors control a major site in the City. They are on the verge of submitting plans for a huge office block on the 2.8 acres of land in EC3. But is building a huge office block a terribly bright idea right now?
Prince Charles may have succeeded in killing off plans by the Qataris to build 539 modern flats at Chelsea Barracks. But HRH has just had a property scheme of his own destroyed by the recession
The London Development Agency owes £60 million more than previously estimated to dispossessed owners of land compulsorily purchased to build the Olympics
The Westminster Property Association is not known for its largesse. That is perhaps why Boris Johnson's eyebrows disappeared under his fringe on Tuesday when he was offered cash to spruce up the West End by a group whose members have given a less-than-generous response to his demand to pay a £20-per-square-foot development levy for Crossrail.
Congratulations to Jeffrey Robinson for his ghosting skills. For he has caught perfectly the gruff, proud and sporadically aggrieved voice of Gerald Ronson in an autobiography of the property developer published this week. Gerald Ronson: Leading From The Front — My Story (Mainstream £18.99) reads as if the great man himself barked his life story into a Dictaphone, had his PA type it up, and then sent to the printers with strict orders that not a word be changed
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