Ultra-rich Africans have been scooping up homes in London’s top residential areas, splashing out more than £30m in some individual cases.
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Private equity funds are among investors turning their attention to the nascent investment market recovery in some of the Eurozone countries now “the crest of the wave has broken and the low-hanging fruit has now gone” in the UK, Lloyds Bank Commercial Banking claims.
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Office take-up in central London reached 1.6m sq ft in September, bringing the year-to-date total to 10.4m sq ft, 15% up on the same period last year, according to DTZ’s latest Central Offices update.
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Although rents are falling in some pockets of London, it is not all doom and gloom. Hannah Brenton reports
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London councils are blocking one in four applications to turn offices into homes, new research has revealed.
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Banks are becoming more willing to take on development risk again, speakers said at MIPIM UK today.
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UK commercial real estate returned 1.7% in September – representing the second highest monthly returns of the year, according to the IPD UK Monthly Property Index.
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Overseas investors have for the first time overtaken UK institutions to become the largest owners of UK commercial property, new data from the Property Industry Alliance has revealed.
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The City office market is undergoing “Manhattan-isation” as demand for office space diversifies beyond the traditional finance sector, the latest research from Knight Frank indicates.
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Scotland has introduced a new land and buildings transaction tax, using the Scottish parliament’s first new taxation powers in more than 300 years.
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Mayor of London Boris Johnson has urged the government to reconsider lifting restrictions on turning offices into homes in parts of the capital.
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A “huge proportion” of luxury homes planned or under construction in London are unlikely to be built on time, a new report warns.
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Europe’s asset management agencies have almost €264bn (£207bn) of European non-core real estate exposure, Cushman & Wakefield has estimated.
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The student housing investment market is heading towards a record year with JLL predicting that £2bn worth of assets will go under offer in the final quarter of this year – the same value achieved during the entirety of 2013.
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Housebuilding completions in central London are poised to hit a seven-year high of 100,000 units next year, JLL has forecast.
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Mayor of London Boris Johnson has today opened a new £200m investment scheme for developers and housing associations in a bid to accelerate the building of low cost homes for Londoners.
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Demand for grade A industrial space in the UK has notched up a record performance in the first half of the year, research from DTZ has revealed.
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Property entrepreneur Nick Leslau says he is in no hurry to invest the £448m from the sale of Max Property.
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Crest Nicholson walks away from Chiswick development as it moves portfolio away from higher-value homes. A residential deal in Chiswick, west London, has collapsed over concerns about the impact of a mansion tax on homes worth more than £2m.
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The busiest period since 2006 means summer holidays will be in short supply. By David Parsley.
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