Exclusive: The boss of London’s oldest office provider returns from retirement to drive the City’s bounce-back April 4, 2022 As we passed the two-year anniversary of the first lockdown last month, Morning Wire sits down with the CEO of London’s oldest office provider, who came out of retirement to drive the business’ post-Covid recovery. Shedding light on how the business and City has suffered, Argyll CEO John Drover reveals to this paper how his [...]
Prime London rent hits double-digit growth for first time since 2010 April 4, 2022 The priciest areas to rent in London have seen double-digit annual rental growth for the first time in more than a decade. According to figures released by Savills, growth in prime London hit 11.1 per cent in the first quarter of this year, against a backdrop of low stock levels. It is the first time [...]
Southwark makes £5m from low-traffic zone fines April 4, 2022 Southwark council made more than £5m from penalties given to motorists who drove into Dulwich low-traffic zones. Around £1.6m was made from low-traffic neighbourhoods in Walworth between 29 March 2021 and 13 March 2022, while an additional £361,897 was made by cameras from a project developed Guys and St Thomas’s Trust Charity. But according to [...]
Axa vows not to appeal ruling over Corbin & King’s £4.4m claim for Covid linked losses April 3, 2022 Axa has said it will not appeal a High Court ruling ordering it to pay out £4.36m to high end restaurateur Corbin & King, after the firm was forced to close its restaurants during the pandemic. The French insurer said it would not appeal the February decision after it initially refused to pay the restaurant [...]
Londoners more worried about housing and work situation than those in any other region of the UK April 1, 2022 Those living in London are more worried about what their work and housing situation will look like when they’re older, than those living in any other region of the UK. Although Londoners are confident in their health and believe they have enough savings to last them into old age, those living in London have significant [...]
Shock ruling: London property bigwig sent to jail after refusing to grant wife Jewish religious divorce April 1, 2022 A London property tycoon was sent to 18 months in jail this afternoon for engaging in coercive or controlling behaviour after failing to grant his wife a Jewish religious divorce. Alan Moher, 57, and Caroline Moher, who have three children together, separated in 2016 and divorced in the Family Court. But Moher did not give [...]
Buyers set hearts on Balham as stock gap hits unseen levels April 1, 2022 South London’s Balham has seen the biggest surge in buyer competition out of London boroughs this year. Buyer demand has soared 113 per cent over the past year, with home movers keen to snap up homes with space and gardens, Rightmove said. With Wandsworth and Tooting Bec commons around the corner, buyers are keen to [...]
Competition watchdog ‘raids’ Mitie Group’s London HQ over immigration centre contract investigation March 30, 2022 The Competition and Markets Authority (CMA) ‘raided’ the offices of outsource company Mitie, over concerns about alleged anti-competitive behaviour. The firm’s London premises were reportedly looked according to the Guardian, regarding its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). This comes after the CMA launched an [...]
Plans for huge theme park the size of 136 Wembley Stadiums is withdrawn, for now March 30, 2022 Plans for a huge theme park on the outskirts of London, reportedly the size of 136 Wembley Stadiums, have been temporarily scrapped. Request for planning by the London Resort site, billed as a venue to rival Disneyland Paris, was withdrawn this week, despite those behind it saying they are “still 100 per cent committed”. According [...]
Law firms drive demand for London’s ‘super-prime’ office space March 29, 2022 Law firms are driving demand for “super-prime” office space in Central London, amid fierce competition to recruit and retain legal talent. Law firms took up more than a quarter (27 per cent) of all office space in Canada last year, according to figures from Knight Frank. Intense competition between law firms to [...]