In 1919, John Henry Iles purchased Margate’s The Hall By The Sea dance and music hall for £40,000.
When news broke this month that Amazon had agreed ten-year leases on two UK distribution warehouses totalling 562,000 sq ft – one in the south and one in the Midlands – the rumour mill went into overdrive.
This time last year us news gatherers were thinking we would get our annual break from the news.
About 250 property professionals – most of them women – attended a RICS conference on “diversity and inclusion” in central London last week.
The UK’s vote to leave the European Union will herald a period of uncertainty and increased volatility which will weigh on the UK economy over the next few quarters. This is likely to be a short term phenomenon and should not be interpreted as a structural weakness going forward.
Tesco chief executive Dave Lewis has made great strides in getting Tesco closer to its roots, being a good retailer, but this morning’s announcement is missing some crucial elements, especially when it comes to its property portfolio.
Garden centres as an alternative investment class are coming into bloom right now. Institutional investors are waking up to the fact that there has been a seismic shift in the market in recent years.
The proposed increase in tax rates applied to residential real estate transactions, recently announced by the government in its Budget statement, has raised concerns that it will result in reduced attractiveness of the UK PRS for institutional investors.
The emphasis of last week’s housing white paper - more green than white in nature - was on consultation, with a helpful emphasis on multi-tenures and on a diverse and broadening array of players that can contribute. The industry now has a chance to help shape practical policy for the sector as a whole.
Rising rents and falling ownership are an unhappy political combination, particularly for the Conservative Party.