Property investment firm bags £85m injection for affordable accomodation March 17, 2022 Property investment firm Edmond de Rothschild Real Estate Investment Management (REIM) has bagged an £85m injection for one of its investment funds today to pump into rented accommodation development around the UK.
Exclusive: Assetz to receive £1bn fund to aid small housebuilders March 17, 2022 Aros Kapital will inject over £1bn into lender Assetz Capital to fund lending to small businesses, including housebuilders, over the next three years. Aros will contribute at least £750m to lending, in addition to around £350m already pledged, an update shared exclusively with CityA.M. revealed. Thanks to the investment, Assetz is readying to offer its [...]
Demand from Hong Kong buyers set to rise as capital welcomes back international interest March 16, 2022 Hong Kong buyers have the largest property footprint within London, followed by Jersey. Buyers from Hong Kong account for the highest proportion of residential homes registered to foreign addresses in 17 London boroughs. Research from London lettings and estate agent, Benham and Reeves, has revealed Barking and Dagenham as home to the highest percentage of [...]
Hong Kong developer swoops in with £96m steal for Vauxhall Square site March 16, 2022 Vauxhall Square in London has been sold by a Chinese developer for £96m, which is a reported discounted price of 42 per cent. A subsidiary of Hong Kong-based company the Far East Consortium International (FEC) swooped in for the 14m square-foot site, buying it off rival firm, Guangzhou-based R&F Properties, on the cheap. It was [...]
Commercial landlord CLS fails to keep up with pandemic pre-tax profit March 16, 2022 Office space and commercial landlord CLS had its pre-tax profit dwindle over the past year, as it slipped below pandemic earnings. The London-listed group, which has a portfolio worth around £2.3bn, had its profit before tax dip more than five per cent to £91.5m in the year to 31 December. The group, operating across UK, [...]
Lambeth tower proposal causes resident rebellion March 15, 2022 A tower-block-proposal in Lambeth has come under fire from local residents, with attention turning to the record of council-owned housing company Homes for Lambeth. The proposal for three towers all above nine storeys will block sunlight reaching a nearby park, playground and school and involve the uprooting of 43 trees. Residents complain that the project [...]
Berkeley snaps up National Grid’s stake in joint venture for over £400m March 15, 2022 Property developer Berkeley has acquired the National Grid’s stake in a realty joint venture for £412.5m. The London-listed house builder snapped up the remaining 50 per cent interest in its St William Homes joint venture, it announced on Tuesday. Rob Perrins, Berkeley’s chief executive said: “The vision of our innovative partnership was to take National [...]
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