Exactly two years after it secured multi-million backing for its 317,000 sq ft City of London office scheme Aldgate Developments has accepted a second cash injection. This time the US private equity firm Starwood Capital is investing £200m in the... Read More
London is one of the world’s most desired destinations for business, with overseas investors from across the globe channelling millions of pounds into commercial property in the capital. However, in order to maintain and expand this current pace of growth,... Read More
Brazillion billionaire Joseph Safra’s companies, The Safra Group, have shelled out over $1 billion to acquire 30 St. Mary Axe in London, known as “The Gherkin” due to its distinctive shape. Bloomberg has published a report stating that the company,... Read More
The UK’s leading supermarkets, already losing market share to discounters, face another blow due to the delayed business rates revaluation due to take place next year, a rating expert warns. According to analysts, members of the Big Four could face... Read More
A Battersea alleyway has sold for over a quarter of a million pounds as the London property market continues to flourish. The alleyway, between a coffee shop and a charity shop, was sold at auction this week where it had a guide price of... Read More
An Israeli billionaire and gambling tycoon has paid up to £90m for a second chunk of one of London’s most famous market sites. In March, Teddy Sagi bought Camden Stables Market, on Chalk Farm Road, for £400m. He has now acquired Camden Lock Market... Read More
Although it was revealed last month that London has overtaken Hong Kong as the world’s most expensive city in which to live and work, it seems that the soaring cost of both residential and commercial property has done little to diminish its appeal. In fact,... Read More
Less than seven days after it snapped up a six-acre parcel of land in West London the global logistics site owner Prologis has bought 30 acres next to Heathrow Airport. Late last month Prologis acquired the Venturis Park industrial estate, on Dawley... Read More
More than 3,000 property professionals hoping to corner or close deals will gather in London next month for the first MIPIM event to be held in the UK. The three-day inaugural exhibition — modelled on the international MIPIM conference held annually... Read More
Hard pressed London businesses and commercial property owners will be less than impressed to learn that over 50 foreign embassies owe local authorities in excess of half a million pounds in unpaid business rates. Overseas diplomats are officially... Read More
