Pinewood board recommends £323m takeover offer August 12, 2016 Lights, camera, action: the board of the iconic studio behind the likes of James Bond and Star Wars has been made a takeover offer offer it can't refuse, valuing it at £323m. In a statement today Pinewood said it was recommending the cash offer by Aermont Capital, which will leave shareholders 560p in cash per share, as well as a [...]
Here’s how many homes in Manchester you could buy with Paul Pogba’s transfer fee August 12, 2016 You could buy 537 average-priced properties in Manchester with the money that Manchester United spent on Paul Pogba, it turns out. Pogba holds the world record transfer fee after United forked out £89m for the Frenchman – while the average property value is £165,686, according to research from HouseSimple.com. The online estate agency compared the average property [...]
This is where all the bankers live (and it’s not West London) August 12, 2016 West London has normally been thought of as the residential hot-spot for bankers – but although it still houses the most wealthy people in London, the City folk have moved out. City workers are now concentrated in the Isle of Dogs and fashionable Islington, according to data from salary benchmarking site Emolument. Read more: Mapped: First-time buyer [...]
After a gloomy RICS survey, should we be prepared for big falls in UK house prices? August 12, 2016 Andrew Craig, an independent financial adviser and founder of Plain English Finance, says Yes. We have already seen significant falls in house prices in the UK if, as should be the case, you measure such things in currency units other than pounds sterling. If you bought a property worth £1m around 10 years ago, that property [...]
Opinion: Law firm TLT outlines the challenges facing Sadiq Khan if he wants to keep his housing promises August 11, 2016 Targets have a way of tripping politicians up and Sadiq Khan may regret some of the ones he proposed in the run up to the election to help ease the housing problem in London. His campaign pledge to set a goal of 50 per cent affordable homes in any new development now seems better politics [...]
Property Entrepreneurs: Meet the engineer behind Basestone whose innovative software idea is saving the construction industry time August 11, 2016 No one likes having their time wasted. And it was precisely that issue that led Alex Siljanovski to come up with the idea of Basestone, a collaborative tablet and web-based tool that is making building sites across the capital more efficient, from a single home extension to the new Crossrail stations. Basestone puts all the [...]
Holiday Homes: Austria is on the up as Brits look to buy second homes that will maintain yields all year round August 11, 2016 If you need to get away from all the Brexit chatter, I know the perfect place to get some much-needed perspective. Over in the Austrian Alps, those dark clouds that dog us in the UK are lined with silver. Figures released from the Austrian National Tourist Office (ANTO) this year have shown that the country’s [...]
Audley Retirement’s CEO moots an IPO in 2018 August 11, 2016 The boss of the retirement property company Audley Retirement has mooted a potential IPO for 2018. The flotation would value the company at hundreds of millions of pounds. He said the current market was also an opportunity for Audley to move into the London. Previously, London was so overheated that Audley couldn’t get a look-in – but as [...]
The number of mortgages in arrears and repossessions fell in the last quarter August 11, 2016 The number of mortgages in arrears continued to fall in the second quarter, reaching its lowest level since records began. According to the Council of Mortgage Lenders (CML), at the end of June there were 92,500 mortgages in arrears of at least 2.5 per cent of the total mortgage outstanding – down from 95,900 at [...]
Businesses went berserk for office space in central London after the Brexit vote August 11, 2016 Businesses flooded back into central London after the Brexit vote, new research has suggested – with the amount of new office space leased by firms jumping by 24 per cent. Research by CBRE suggested businesses leased 980,400 sq ft of office space in July, a quarter more than in June and the strongest monthly average [...]