Activist investor Elliott takes stake in Taylor Wimpey and calls for change December 11, 2021 Activist investor Elliott Investment Management has called on Taylor Wimpey to make major changes in the company’s leadership, which it has blamed for the builder’s falling share price, according to reports. The news comes days after Taylor Wimpey’s chief executive officer Pete Redfern announced his resignation after 14 years. Shares at the time were 29 [...]
Housing department urged to draw up clear strategy on tackling rogue landlords December 10, 2021 The way private renting is regulated is not up to scratch as tenants struggle to push back against landlords when their homes are unsafe. The current system relies on tenants being able to enforce their own rights but there are various financial barriers making this hard, according to a new report. The National Audit Office [...]
All Hale: why this Tottenham area is a new residential superstar December 8, 2021 Tottenham Hale in North London’s borough of Haringey is part of one of the largest “opportunity areas” in the capital, receiving £1bn worth of new development and a £30m upgrade to Tottenham Hale station. “This is a really exciting time for Tottenham Hale,” says Tom Goodall, head of residential at property developer and investor Argent [...]
Credit Suisse says demand for office spaces will rise in long run December 8, 2021 Demand for office space is set to increase in the long term, despite the home working trend propelled by the pandemic, according to a new study by Credit Suisse. The Swiss bank said that while people’s preference for working from home”is likely to cast its shadow over the office property market for several more quarters,” [...]
Lockdown savings push UK house price growth boom December 8, 2021 The UK and US housing markets have surged past other economies’ thanks to buyers being able to amass savings in lockdown. Prices increased by 9.4 per cent on average across the 56 countries and territories tracked by the index, according to Knight Frank’s global house prices index. The majority (96 per cent) of the 56 [...]
End of an era: Taylor Wimpey CEO Pete Redfern stepping down after 14 years December 8, 2021 Taylor Wimpey said this morning that Pete Redfern will step down as CEO, after more than 14 years in the role. The company said he will leave the business once a successor has been appointed ” to ensure a smooth and orderly transition.” The board said it will consider both internal and external candidates. Pete [...]
Growth of property values hits 15-year high: House prices rise for fifth straight month amid 8.2 per cent annual jump December 7, 2021 Average UK property price hits a new record high of £272,992 last month, rising in November by 8.2 per cent compared to the same month a year earlier, according to Halifx, publishing its monthly index this morning. Prices increased by 1 per cent month-on-month in November while quarterly house price inflation is now at its [...]
West End landlord points to new signings as proof of post-lockdown recovery December 6, 2021 West End landlord Shaftesbury has signed over 60 new retail and leisure brands since October 2020, in a vote of confidence for central London’s post-lockdown recovery Bosses said this interest highlights the speed of the West End’s recovery following the lifting of pandemic restrictions. Some 33 retail brands including American Eagle and Aerie have set [...]
Prime central London price growth to surpass rest of UK as ‘US executives back in town’ December 6, 2021 Prime central London is forecast to surpass the rest of the country on price increases next year, as buyers look once more to Kensington and Chelsea. Property sales in lucrative parts of the city will rebound after being hit hard by the pandemic, as international buyers return, according to estate agent Winkworth. Winkworth chief executive [...]
South Bank flat owners to take on Tate in Supreme Court hearing December 6, 2021 Flat owners near the Tate Modern will take on the gallery at the Supreme Court this week, in a fresh endeavour to block an alleged privacy intrusion. Some residents of the Neo Bankside development are attempting to appeal previous legal rulings, in a bid to stop “hundreds of thousands of people” from peering into and [...]
