A few years ago, developer Paddy McKillen owned a stake which was over thirty per in a trio of prestigious London hotels, including the Connought, Berkeley and Claridges. High levels of interest from the Barclay brothers to purchase the hotels led to four years of rivalry between the property owners,...
25th April 2016
How does the upcoming referendum effect the property market? Firstly let’s focus on the construction industry, a large percentage of construction workers are immigrants and with the construction industry already finding it difficult to find skilled workers and immigration restrictions are going to increase construction prices due to the supply....
19th April 2016
An 11.7% stake in 20 Fenchurch Street, better known as ‘The Walkie Talkie’ building has been put up for sale by Morgan Stanley in the hope it will achieve an £150 million sale price, reflecting a yield of 3.1%. Over the last year, yields in central London have dropped dramatically...
18th April 2016
It is not a secret that millions of square feet of commercial property all over London have been converted into residential. It’s happening everywhere, and there are countless properties both in what normally has been commercial or residential areas that are currently surrounded by intense banging of scaffolding being put...
14th April 2016
The current South African economic outlook has many similarities with that of 1990’s Zimbabwe, where inequalities with the distribution of wealth caused national unrest, several industries to collapse and the Zimbabwe dollar to lose value.
12th April 2016
With the revaluation of business rates coming into effect in 2017, there has been much discussion around the subject. However, there are more changes than the most obvious increase in the rates which most areas will be experiencing. In George Osborne’s budget announcement, we saw a number of changes which...
7th April 2016
Google has been given the green light by planners for their occupation in the S2 office building at Argent’s King’s Cross Central scheme.
5th April 2016