The local councils embarking on a shopping centre spending spree February 10, 2020 Bin collections, parking restrictions and filling ever-more-terrifying potholes are what most people associate with local councils. To that list, we might now add retail property speculators. Last year, Councils across the UK doubled down on recent trends and spent some £232.35m buying struggling shopping centres, accounting for some 36 per cent of all shopping centre [...]
Link REIT set to back Intu’s £1bn emergency cash call February 9, 2020 Hong Kong’s Link Real Estate Investment Trust is reportedly in talks with retail landlord Intu to back its £1bn emergency cash call. The property giant is nearing a deal with the Trafford Centre owner about becoming a “cornerstone” investor in the fundraise later this month, The Times reported. Peel Group, which owns a 27.3 per [...]
What’s the easiest way to send funds back to the UK? February 7, 2020 | City Talk Home is where the heart is, which is why many expats choose to send money back to the UK even with a new life abroad. There are many reasons why you may need to repatriate funds, such as property maintenance, pension payments, or helping out with school fees. It might be that after enjoying the [...]
UK house prices leap 4.1 per cent in bumper January – Halifax February 7, 2020 UK house prices jumped 4.1 per cent in January on an annual basis to come close to a two-year high, fresh figures from Halifax showed today. Homes rose 0.4 per cent in value compared to December, and climbed 2.3 per cent on a quarterly basis, Halifax’s house price index revealed. Russell Galley, managing director of [...]
Upgrade your movie night with these apartments that have home cinemas February 7, 2020 This Sunday (or more accurately for viewers in the UK, the early hours of Monday) is one of the biggest days in the calendar for cinephiles, as they get to find out the winners of the 92nd Academy Awards. Plenty will be staying up, if only to mock the dodgy acceptance speeches and secretly hope [...]
Drinks, scraps and weaves: Meet the couple turning plastic bottles into sustainable homeware February 7, 2020 It looks like wool, it weaves like wool, it’s soft like wool and you can wash it like wool. So how can these cosy rugs, cushions and throws be made entirely of recycled plastic bottles? The husband-and-wife founders of textiles company Weaver Green know the answer because they invented the thread – re-processing tons of [...]
Housebuilder Barratt’s half-year profit boosted by strong sales February 5, 2020 Barratt Developments has reported a rise in pre-tax profit for the first-half as the UK’s biggest housebuilder sold more homes at lower prices. Barratt, which sold its highest number of homes in 12 years in the six months to 31 December, said this morning that profit before tax rose 3.7 per cent to £423m. “We [...]
Housebuilder Redrow’s profit falls 15 per cent February 5, 2020 Housebuilder Redrow hailed what it called a “robust” performance in the six months to December, despite posting a 15 per cent fall in profit amid “an uncertain political and economic background”. The figures Redrow revealed profit before tax sank 15 per cent year on year to £157m in the first half of its 2020 financial [...]
Investment in UK supermarket property surges to six-year high February 5, 2020 UK supermarket property deal value surged to a six year high last year as investors targeted retail real estate with steady returns. According to the latest research, property investors pumped £1.78bn into the UK supermarket sector in 2019, an 80 per cent jump on the previous year. There were 48 transactions during the year, up [...]
Investors plan to plough billions into UK real estate February 4, 2020 Real estate investors are planning to invest billions of pounds into UK property this year, after the General Election offered some clarity on Britain’s departure from the EU. Investment in the UK’s property market had slowed following the vote to leave the EU more than three years ago. However, the recent Conservative election victory has [...]
