Unique £4.7m ‘iceberg house’ up for sale in Hampstead July 6, 2021 A unique property dubbed an ‘iceberg house’ for its below-ground build has gone up for sale in Hampstead for £4.7m. The site, which is located just 50 metres from Hampstead Heath and boasts celebrity neighbours Boy George and Nick Mason from Pink Floyd, was previously occupied by garages. It has been built into the ground [...]
London property market enjoys strongest ever half-year, Chestertons says July 5, 2021 London’s property market has enjoyed its strongest ever half-year, according to Chestertons, who posted record sales in June. The estate agent’s latest market analysis found the highest monthly sales numbers in the company’s history were recorded last month, fuelled by buyers trying to beat the Stamp Duty deadline and wanting to move before price growth [...]
New £350m Barking development to see 1,089 riverside homes built July 5, 2021 Weston Homes is building a £350m riverside development in Barking that will see 1,089 new one, two and three bedroom apartments built in the area. Alongside residential space, the new Abbey Quay development will feature 22,281 square feet of commercial and leisure space, which will include a restaurant, local shops, cafes, a gym and a [...]
Watchdog with power to prosecute property developers for safety failures to be set up July 5, 2021 A new watchdog will be set up with the power to prosecute property developers who fail to meet safety standards. The decision to create a new regulator is designed to prevent a repeat of the Grenfell Tower disaster, which killed 72 people in 2017. A spokesperson for the Ministry of Housing Communities and Local Government [...]
Exclusive: Sub-let workspace market shrinking in win for office culture July 5, 2021 The rate at which occupiers are seeking to dispose of their office space is showing strong evidence of decline, in a win for office culture. At the end of January 2021, almost 500,000 square feet of sub-let space was made available, according to global real estate advisor CBRE. Since then, the amount of space becoming [...]
‘Busiest six months in 57 years’: Stamp duty holiday causes pandemonium in property sector July 1, 2021 The last week has seen chaos for buyers trying to beat the stamp duty holiday deadline, and long hours and stress for all other parties involved in the process. This week homebuyers were in a race against time to beat the deadline on the most generous stamp duty holiday, which ended at midnight last night. [...]
Civitas Social Housing raises target dividend following portfolio growth June 30, 2021 Civitas Social Housing has raised its target dividend by nearly three per cent after the real estate investment trust (REIT) performed well in the last year despite Covid-19. The REIT has raised its target dividend to 5.55 pence per share for 31 March 2022, up from 5.4 pence per share in the 2021 financial year. [...]
House prices: Growth rates surge across UK, with London homes averaging £509,000 June 29, 2021 UK house prices: Growth rates surge across UK, with London homes averaging £509,000
Property investor Kennedy-Wilson buys £177.5m London office building June 29, 2021 American company Kennedy-Wilson Holdings has bought an office building in London for £177.5m, betting on a rebound in workspace demand after the pandemic and Brexit hit property valuations in the city. The U.S.-based real estate investment firm’s purchase of One Embassy Gardens, a 156,000-square-foot building in Nine Elms district, follows its recent sale of a central [...]
Private equity firm CC Capital refutes claims it plans to bid for IWG June 29, 2021 CC Capital will not make a takeover bid for office space provider IWG, the U.S. private equity firm said, following a Sky News report of deal talks between the two. IWG shares jumped as much as eight per cent on hopes of a bid, which claimed CC Capital and IWG were in talks that would value the [...]
