FEC wins auction for site of failed £77m Angelgate development
Far East Consortium (FEC) has acquired the site of the Pinnacle’s failed Angelgate residential development in central Manchester at online auction.
Sandelson-backed propco offers slice of Lord's
A new property investment company backed by Johnny Sandelson has been launched that will, using Blockchain technology, give the general public the chance to own lucrative central London property.
Aggressive US hedge fund takes aim at Hammerson
American vulture hedge fund Elliott has revealed it has snapped up a 1.5% stake in Hammerson, sparking speculation its founder Paul Singer is seeking a shake-up in the board’s strategy and management.
Figures down year on year at Auction House London sale
Auction House London raised £13m at its latest sale last week, selling 57, or 68%, of the 85 lots offered – less than the £14.6m raised and 76% success rate achieved last April.
Barnard Marcus sales slip in April auction
Barnard Marcus raised almost £9m less than last year at its 16 April auction. The auction house sold 112 of the 190 lots offered, reflecting a 59% success rate and raising £20m.
BidX1 launches second online outing
Online auctioneer BidX1 has launched a 40-lot catalogue for its second sale in the UK.
Chinese investor makes UK debut with Scottish hotel buy
BDL Select Hotels has sold Rosslea Hall Hotel in Scotland to Chinese investor Tom Xu for his debut UK acquisition.
SDL Bigwood raises £13m at first March sale for six years
Birmingham auctioneer sold 82 of 102 lots offered, including a Coventry warehouse that went for £770,000.
Phillip Arnold’s April auction achieves year-on-year sales rise
Phillip Arnold Auctions increased both the year-on-year total raised and its success rate year on year at its latest sale on 6 April.
Video: Auctions in focus - Lambert Smith Hampton
Lambert Smith Hampton’s leading team of Simon Bailey, Rob Hills, Mat Harris, Simon Riggall and Oliver Childs talk about the unique challenges of the auctions market and prospects ahead for the year.
Tech talk: Auctions lead proptech's bid to update the industry
The phrase ‘proptech’ evokes images of fast-moving, lean start-ups trading in virtual reality or artificial intelligence. It is hard to discuss real estate nowadays without addressing digital strategies or the concept of futureproofing your business.
