Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
PPHE to develop new 179-room London Victoria hotel as ‘midscale lifestyle’ market grows November 27, 2023 PPHE Hotel Group has been granted planning permission to build a new 179-room hotel below the Park Plaza Victoria London property.
Sirius Real Estate looks to raise £145m as ‘attractive’ opportunities emerge November 20, 2023 In a positive sign for the listed-property sector, Sirius Real Estate, is looking to raise £145m from investors.
Inheritance tax reportedly could be slashed by Sunak and Hunt at Autumn Statement November 16, 2023 Plans to slash inheritance tax at the Autumn Statement are reportedly being drawn up by No10 and the Treasury.
Hundreds of industry leaders address city’s housing crisis at London stadium November 16, 2023 THE South East Consortium (SEC) annual conference unfolded at the Queen Elizabeth Olympic Park, to discuss the need for urban renewal. This location set the stage for a gathering of over 600 industry leaders, addressing the city’s housing crisis.Amidst this striking backdrop, Catalina Valentino and Joseph Michael Daniels, hosts of the Generationally Yours podcast, emerged [...]
GPE: West End landlord upgrades forecasts as workers return to central London November 16, 2023 Great Portland Estates, the London-listed landlord said it had signed 37 new leases and renewals in the six months to 30 September, as workers returned to the office. The West End-focused landlord said market lettings were on average 13.4 per ahead of March 2023’s estimated rental value (ERV) with an annual rent role of £11.2m. [...]
Gensler and CBRE to reposition ‘sustainable future’ London office space for 10 Gresham Street November 14, 2023 Gensler and CBRE will work together to create a sustainable high-performance office environment at 10 Gresham Street by the first quarter of 2025.
Delay to ban on no-fault evictions welcomed by landlords October 23, 2023 A delay to the long-promised ban on no-fault evictions has been welcomed by landlords despite warnings from housing campaigners over the “human cost”. Ministers have announced the long-awaited barring of section 21 notices will be put on ice until the UK’s court system is reformed, amid a record backlog of 65,000 Crown Court cases. Housing [...]
426,000 first-time buyers could vanish from property ladder by 2027 September 28, 2023 As many as 426,000 fewer first-time buyers in England could get on the property ladder between this year and 2027 compared with the long-term average, a building society predicts. Leeds Building Society, in partnership with specialist advisers WPI Strategy, analysed first-time buyer affordability between 1982 and 2022, and how the challenges of buying a first [...]
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.
