Business
Knight Frank posts record profit amid ‘extraordinary’ year
Group’s latest set of annual results show a 23% boost in pre-tax profit, but turnover slipping by 7%;
Dunning rebrands Townends to Stirling Ackroyd; plots more acquisitions
Nick Dunning plans to continue building his property empire, making "at least four acquisitions a year".
Landsec to buy U+I in £190m deal
Acquisition will ‘accelerate’ the developer’s strategy of driving growth through mixed-use opps in London and regional cites.
Savills adds to French Riviera network
New opening in Beaulieu-sur-Mer takes the number of Savills branches in the region to seven.
LRG buys two more London estate agencies
Leaders Romans Group has completed six agency acquisitions so far this year, adding 28 new branch locations and 370 staff.
Allsop hires trio of former Savills directors to boosts resi valuations team
Major property auction house says it plans to "expand its growing residential and valuation team in response to a booming marketplace and a wealth of new business."
Property Vision recruits Knight Frank’s Clarkson to boost South West presence
Edward Clarkson spent nearly a dozen years at Knight Frank. He is now overseeing Property Vision’s expansion in the South West.
Foxtons’ figures boosted by market recovery & D&G deal
High-profile London agency reports 114% rise in sales revenue, with a commission pipeline up 20% on 2019 levels.
SME builders ‘on the verge of extinction’ as numbers plummet 80% since the late 80s
The number of small- and medium-sized house-building companies has fallen by an average of 335 a year since the late 1980s, according to some new research.
Berkeley director Ellis steps down
Longstanding exec director Sean Ellis will be leaving the upmarket developer next year
89% of builders are having to delay jobs due to materials & staff shortages
A survey of construction businesses "shows a damning situation for the building industry," says the boss of the Federation of Master Builders, with "dramatic delays to jobs" and "skyrocketing" prices.
Design studio Laura Hammett debuts new brand & homewares collection
In-demand firm collaborates with interiors platform LuxDeco on first release under new brand, Laura Hammett Living.