New investment firm targets PCL’s serviced accommodation sector
Wetherby Real Estate has been launched by Barbara Chanakira, founder and CEO of the Mayfair-based buying agency Eaton Property Consultants.
Leasehold shake-up promises the ‘biggest reforms to English property law for forty years’
The Government has announced some major reforms to the English leasehold system, in a bid to “fundamentally make home ownership fairer and more secure.”
Prime resi development lender secures £72m institutional funding line
Investor appetite for luxury property plays “increased significantly” last year, reports CapitalRise.
Clients’ Questions Answered: Brexit & residential property markets
The status of UK residents looking to live or purchase a residential property in the European Union changes on 1st January 2021 as the UK’s transition period comes to an end. As negotiations go right down to the wire, Knight Frank’s Kate Everett-Allen explores some of the more pressing questions being asked by clients with second homes in the EU and those looking to relocate on a permanent basis…
Singapore’s One Global teams up with PCL firm to launch private office division
Singapore-based agency One Global Property Services has partnered up with London’s Mayfair Private Office on a ‘bespoke private wealth service’ for HNW and UHNW individuals across Asia.
Revealed: Britain’s top residential property investment hotspots for the next five years
£42 billion of additional capital is due to be committed to the UK’s residential investment sector by 2025, predicts Knight Frank. 70% of major investors believe that student, senior living and PRS real estate will out-perform over the next five years, with London, Bristol and Edinburgh flagged as the key markets to watch…
CBRE sets up ‘blank cheque’ acquisitions vehicle
CBRE has set up a special-purpose acquisition company in the US, with a remit to “identify and acquire a privately held company with significant growth potential” for a merger or acquisition.
More overseas investors happy to buy ‘sight unseen’, says PCL agency
22% of the acquisitions carried out by LCP so far this year have been ‘blind’ purchases by overseas investors, driven by ‘bottom of market pricing’.
Global billionaire wealth bounces back to new heights
A V-shaped recovery in equity markets has been a boon for the richest people on the planet, report UBS and PwC, as global billionaire wealth surged by more than a quarter between April and July this year to reach a record high.
BNP Paribas & Fifth Wall team up for European proptech VC fund
Strutt & Parker’s owner has teamed up with American investment giant Fifth Wall to back early-stage PropTech start-ups in the UK and Europe
Sigma creates £1bn London build-to-rent venture
Sigma Capital has partnered with Swedish investment firm EQT to create a £1bn housing joint venture, with plans to deliver c.3,000 new rental homes in London over the next five years.
Zorin secures £200m for UK SME resi development plays
American hedge fund giant Avenue Capital has pledged £200m to Luke Townsend’s Sir John Beckwith-backed specialist property lender, for property development and investment loans for SME housebuilders in the UK.