Business
Savills buys London resi property management firm
Savills has made a "strategic acquisition" in central London, buying specialist residential management business Chainbow Ltd.
Record year for Crown Estate as PCL de-risking continues
Income return of £304.1m brings total to £2.4bn over ten years.
More Than Words: The value of super-prime brand identity
Every new property development in prime central London purports to be "luxury", so how can developers make their projects really stand out in such a crowded landscape? It takes more than words to build …
No upturn this year says Foxtons; profits likely to be ‘significantly lower’ after Brexit vote
Estate agency Foxtons has warned investors that its profits are likely to be "significantly lower" than last year, as the UK's decision to leave the EU means that uncertainty across the property market w…
Plentific inks directory deal with the Planning Portal
Prop tech success story Plentific has pulled off a partnership with the Planning Portal.
Cadogan still confident on resi prospects after profit dip
The Cadogan Estate has reported a big boost in the value of its assets, but a fall in pre-tax profit.
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Globrix co-founder secures big backing for ‘Google-style’ commercial portal
One of the founders of former News International-backed property portal Globrix (which merged with Zoopla in 2013) has made a big splash in the commercial sector.
Weston gets an extra £80m from the banks as it steers clear of ‘over-priced’ prime
HSBC, Lloyds and Bank of Ireland have raised Weston Homes' funding facility by £80m, giving the London and Home Counties property developer access to £200m until 2020.
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LendInvest launches Advisory Board with banking heavyweight
The former Executive Chairman of OneSavings Bank, Stephan Wilcke, has joined online property finance platform LendInvest, as a Senior Adviser.
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Purple Bricks ‘to move into profit in the current financial calendar’ as it eyes global markets
AIM-listed benchmark hybrid estate agency Purple Bricks has said its UK business "will move into profit in the current financial year", as it announces plans to launch in Australia this year
New Knightsbridge digs for CPC and Fortwell Capital
Christian Candy's short-term lending house Fortwell Capital and its sister business CPC London are moving from serviced offices on Hanover Square to more lavish long-term digs above Giorgio Armani on Sloane…
Virtual Realty: Online estate agency comes of age – but is it a viable model?
Online estate agency is now mainstream, says Property Vision's Charlie Ellingworth as Savills and Countrywide make first forays into the virtual arena. Bu