London home search startup for renters Homie has just successfully raised $4 million in a seed funding round that brings its total funding to $6 million.
London Gets World’s Biggest Urban Meadow
March 14, 2013 by
News from The Independent speaks of London giving back to the environment, and to her people. In the shadow of the Olympic stadium where Usain Bolt and other athletes thrilled the world last Summer, a swatch of concrete that consumes 55 acres will be a meadow soon.
Azerbaijan Buys $286m Property in London
December 17, 2012 by
Azerbaijan has just made a $286 purchase in Europe, a London office block which is their first property bought in Europe. The building of a little under 190,000 square feet has been purchased by Azerbaijan’s state oil fund, valued at $33 billion.
American Billionaire Nabs UK’s Soho House Club
January 14, 2012 by
3WAJYCQPU63C American Billionaire Ron Burkle has acquired majority ownership of the popular UK club Soho House. Nick Jones, who originally founded the club in London 17 years ago, confirmed the sale in an email to Soho House members. Although Soho House began in London, it eventually became an entire network of clubs, hotels and restaurants, […]
Bahrain-Based Tadhamon Acquires Student Housing Block
January 12, 2012 by
Tadhamon Capital, an Islamic investment company in Bahrain, announced the acquisition of a student accommodation block in the UK. The joint acquisition with Watkin Jones gives Tadhamon 50 percent ownership of the block. The transaction totaled $41.3 million and included a net yield of 7.3pc. Tadhamon co-arranged the transaction with the real estate investment manager […]
Director of UK Housebuilder Pledges to Sleep Rough for a Night in November
October 10, 2011 by
A director of one of the U.K.’s largest housebuilders has pledged to sleep rough for one night in November to draw attention to Britain’s housing shortage, which experts have predicted could leave over 20,000 people homeless by 2015. Sue Warwick, National Head of Sales and Marketing for Miller Homes has decided to experience sleeping rough […]
Hong Kong Billionaire Invests in UK Social Housing
July 20, 2011 by
Hong Kong billionaire, Cheung Yu-tung, and two other Hong Kong investors, Cheng’s Chow Tai Fook Enterprises Ltd developer Sammy Lee, and businessman Peter Fung, have spent £30 million gaining 61% of Pinnacle Regeneration Group Limited. Pinnacle Regeneration Group Limited manages 22,000 homes in the UK, and the British government is planning cuts in social housing […]
Crown Estate Reports Record Profits
July 7, 2011 by
The Crown Estate has reported record profits for the year ending March 31st. Profits rose from £210.7 million to 230.9 million, with much of this increase being due to increased rents and interest income. Apparently this has been an extremely good year for the Crown Estate, and although changes are being proposed to the way […]
Gap Between Elite and Prime London Property Widens
July 5, 2011 by
The price of truly elite property in London can increase by as much as £3,000 a square foot merely due to the presence of a doorman. Luxury property or prime property in Britain’s capital can cost anything from £1,000 to £4,000, but according to Knight Frank LLP it is the little touches that elevate a […]
Central London Luxury Real Estate Sales Predicted to Increase by 8%
June 28, 2011 by
The prices of central London luxury real estate have been predicted to increase by 8% by the end of this year by Savills plc, even though they had previously predicted last November that prices would fall. This increase is due in no small part to overseas buyers continuing to take advantage of the weak pound. […]
