Boutique Leicester Square hotel handed £42m price tag April 1, 2025 A recently-converted boutique hotel in London’s Leicester Square has been put on the market for £42m. The former office building on 2-5 Charing Cross Road has undergone a significant conversion project and is set to be fully operational by June. The announcement comes as former Natwest bank on London’s Piccadilly is also set to become [...]
Spring Statement 2025: Housing reform to pave way for GDP growth March 26, 2025 The government’s changes to housebuilding will result in a £6.8bn boost to GDP by 2029, according to OBR figures included in the Spring Statement. Chancellor Rachel Reeves called the forecast the “biggest ever” positive growth impact that the OBR has projected from a non-fiscal government policy. Changes to the UK’s housebuilding market were a cornerstone [...]
Bellway’s profit jumps amid soaring output March 25, 2025 Bellway has reported a 12 per cent rise in profit, alongside a significant boost in its output – in an indication that the housebuilding sector is seeing a rebound. Profit before taxation has risen to £150.2m, from £134.2m last year. The firm reported 4,577 housing completions in the half-year to January – up from 4,092 [...]
Micah Richards scores £1.5m boost from property side hustle March 21, 2025 Micah Richards has secured a boost worth almost £1.5m after a successful year for the luxury property company he founded. The former footballer-turned TV pundit established Hillcrest & Louis Homes in 2015 to develop high-end schemes. The company, which is registered in Manchester, has completed a series of developments in Leeds. Now, new accounts filed [...]
Robert De Niro backs plans for tallest skyscraper outside London March 20, 2025 A company co-founded by Hollywood legend Robert De Niro has signed up to open a hotel, restaurant and residences in a planned skyscraper which would be the tallest building outside London. Nobu Hospitality has partnered with developer Salboy on the £360m scheme in Manchester city centre. The project, known as Viadux 2, has been earmarked [...]
Lack of prime Mayfair houses triggers hotel and lettings boom March 17, 2025 Mayfair’s hotel and lettings sector has scooped up luxury clients left adrift by a lack of prime housing in the area, a new survey has found. With new planning restrictions and rising construction costs pushing construction to a ten-year low, wealthy visitors have turned to newly built apartments or hotel suites during their stays, according [...]
Home Bargains billionaire promises Liverpool its first five-star hotel March 13, 2025 Liverpool could be set for its first five-star hotel if plans for a 60-storey skyscraper are approved for the city, it has emerged. The update, delivered to investors at international property conference MIPIM in the south of France, comes after plans for the development were first revealed last year. KEIE Limited, a subsidiary of TJ [...]
Birmingham landmark on sale in cut-price deal as value slashed in half March 11, 2025 A landmark office building in Birmingham city centre has been put up for sale for half what it was bought for in 2019. The Lewis Building and its adjoining neighbour Priory Court in Bull Street were acquired by Gulf Islamic Investments for £140m. The investor, which has offices in Dubai and Abu Dhabi, bought the [...]
Assura likely to recommend new KKR offer to investors March 10, 2025 Healthcare property group Assura said it has received an indicative, non-binding proposal from KKR and Stonepeak Partners for 49.4p per share. The offer, which is a premium of 31.9 per cent to the closing share price of 37.4 pence on February 13, values Assura’s share capital at about £1.6bn. Assura’s share price shot up by [...]
Atom Bank wants to inspire staff back to the office March 10, 2025 The boss of Atom Bank said he wants to inspire his staff back to the office as he announced plans to relocate its headquarters to Newcastle. Chief executive Mark Mullen has confirmed plans to move its head office from The Rivergreen Centre in Durham to The Pattern Shop in Newcastle. The Pattern Shop was where [...]