City Pub group hammered by 57 per cent plunge in revenue May 11, 2021 Hammered by restrictions, the City Pub group raked in £25.8 million in revenue last year, 57 per cent less than 2019 figures, despite buying a hefty stake in Kensington Park Hotel. The group, which has 45 pubs across London, Southern England and Wales, snapped up a 49 per cent stake in the hotel in the [...]
London homes snapped up by Hong Kong buyers quadruples April 29, 2021 The number of London homes being bought by Hong Kong buyers has quadrupled since the UK’s visa scheme has allowed many to relocate. Hong Kong buyers now account for four per cent of transactions in the capital, up from one per cent, according to client data from property firm Benham and Reeves. Since the British National [...]
Inside Sheikh Mohammed’s British property empire April 17, 2021 Sheikh Mohammed, the controversial ruler of Dubai, has become one of the UK’s largest landowners, exceeding that of the Queen’s personal property portfolio. Spanning 40,000 hectares, Sheikh Mohammed bin Rashid al-Maktoum’s properties can be found on the most exclusive streets in London and in the most elusive locations in the Scottish Highlands, according to the [...]
Luxury watchmaker Bremont pumps £25m in new London hub March 23, 2021 Luxury watch manufacturer Bremont is expected to boost the market in the UK with a watchmaking hub in London. The £25m investment is expected to bolster the company’s headcount by 20 per cent, reaching 180 employees within two to three years, in a bid to focus its supply chain in the UK. “For over 60 [...]
Smithfield, Billingsgate and New Spitalfields markets to move to Dagenham Dock March 22, 2021 Canada has received the green light to relocate its three historic food markets to a purpose-built site at Dagenham Dock in east London. Smithfield, Billingsgate and New Spitalfields markets will merge to form one of the UK and Europe’s biggest wholesale food market destinations under the plans, which will be submitted to [...]
London’s Nightingale Hospital to close next month as coronavirus cases plummet across capital March 9, 2021 The Nightingale Hospital at London’s Excel centre will close next month as hospital admissions and coronavirus cases continue to fall dramatically across the capital. All seven Nightingale Hospitals across England will shutter from April, one year after they were built last spring in a bid to ease pressure on the NHS. The temporary facilities, including [...]
Coming or going? Aviva the latest to cut office space as rival bosses say ‘remote working can’t last’ March 4, 2021 Aviva the latest to cut office space as rival bosses say 'remote working can't last'
Beirut explosion linked to London address used by shell company March 2, 2021 Ownership of the deadly stockpile of ammonium nitrate that exploded last August in Beirut, killing over 200 people, has been traced back to a London address commonly used by shell companies, an investigation by Globe and Mail has found. The London address, minutes away from Oxford Circus, belongs to a London-listed company called Savaro Ltd. [...]
Khan accused of cutting affordable housing by two thirds despite £4bn grant March 2, 2021 Sadiq Khan has been accused of not delivering on his affordable housing promise today by proposing to cut City Hall housebuilding by nearly two-thirds, despite receiving a third of the UK’s affordable housing budget. The latest figures reveal the mayor’s 2021-26 housebuilding programme will only build 35,000 new affordable homes using the government’s £4.82bn grant. [...]
Saudi prince to sell £195m stake in London skyscraper February 23, 2021 A Saudi prince is close to selling his stake in a City skyscraper to an American investor for around £195m. Prince Abdul Aziz bin Fahd owns 25 per cent of Salesforce Tower in Bishopsgate. The tower has attracted interest from New York-based investment firm Madison International Realty. The 46-storey tower took four years to complete [...]
