Morrisons mulls sale of warehouses and fisheries in £600m deal June 12, 2022 Morrisons’ private equity owner is scouting for a buyer for its estate of warehouses, fisheries and food manufacturing hubs in a sale worth more than £600m. The New York private equity titan is mulling a sale-and-leaseback transaction in an endeavour to power returns from its £7bn takeover of the British grocer, according to a report [...]
Bec to the future: We blow the horn for fabulous Tooting Bec June 11, 2022 The London housing market tends to flow outwards from the prime central postcodes in a series of expanding circles, like the splash of a pebble thrown into a lake. Areas that would once have been undesirable ride the wave into fashion, while those in the centre see new ripples begin to form. So it is [...]
Off-market property sales account for one in five in London: Is it for you? June 10, 2022 Despite ferocious headwinds, the London property market is fizzing, with estate agents from Wimbledon to Walthamstow seeing homes listed and sold within days. This fierce competition has led to a boom in off-market sales, which hit a new record high this year, according to Hamptons. In the first quarter of 2022 they shot up 23 [...]
Exclusive: Sadiq Khan calls it a ‘national disgrace’ almost 10,000 tower blocks still have unsafe cladding like Grenfell June 10, 2022 Sadiq Khan has branded it a “national disgrace” that almost 10,000 tower blocks still have unsafe cladding, as the country prepares to mark five years since the Grenfell disaster. The London Mayor made his comments after data from the department for Levelling Up laid bare that hundreds of thousands are still at risk from living [...]
As fifth anniversary of Grenfell tragedy approaches, almost 10,000 high-rises still have dangerous cladding June 10, 2022 Almost 10,000 tower blocks still have ‘unsafe’ cladding as the country prepares to mark five years since the Grenfell disaster. Levelling Up secretary Michael Gove was unable to give the full figure while speaking to LBC earlier today, before the radio station obtained the data from the department laying bare that hundreds of thousands are [...]
London becomes fourth most expensive city in the world: Rent, petrol and cooking oil drive cost of living June 9, 2022 A perfect storm of rising inflation, the war in Ukraine and soaring house prices and rent, have turned London in to a pressure cooker of expense, making it the fourth most costly place to live in the world. London move up one place according to new research about cost of living for expatriates around the [...]
Nine in 10 Londoners struggle to pay the rent as cost of living onslaught eats up tenants’ budgets June 9, 2022 Rental cost increases are contributing to a strain on household finances for nearly nine in 10 tenants, with many facing further cutbacks should their household costs continue to increase. 86 per cent of all tenants confirmed the cost of living crisis is hitting them in their wallet, putting a further strain on Londoners’ household finances. [...]
Brits to be allowed to use housing benefits for a mortgage to buy their homes June 9, 2022 Allowing lower-paid workers to use housing benefits to buy their homes and an extension of the right to buy for housing association tenants should give Tory support a boost. Prime Minister Boris Johnson is expected to confirm his intentions in a major speech today as he seeks to repair his fortunes after a bruising Tory [...]
The new landlord in town: John Lewis to build homes on two London Waitrose sites June 9, 2022 John Lewis is preparing to pitch itself to Londoners as an affable landlord, revealing plans for two rental developments at Waitrose sites in the city. The retailer set out early plans to for build to rent developments in Bromley and West Ealing in London, as well as a vacant John Lewis warehouse in Reading. The [...]
Housebuilder Berkeley snags former Schroders CEO as new chairman June 8, 2022 Berkeley Group, one of the UK’s biggest housebuilders, has chosen a Schroders asset management veteran to helm its board, as British real estate climbs the ranks in asset value. City grandee Michael Dobson and former Schroders CEO and chairman will join the board of the Berkeley with immediate effect, the housebuilder said today. It will [...]
