Developments
Construction crumbles this year, but high rises on the way
After a brief window of less-aggressive pessimism, the latest Construction Industry Forecasts predict a 4.5% drop in construction industry output this year.
Native Land on £1bn spending spree after securing Gulf-based investor
Alasdair Nicholls, Chief Executive of Native Land
Resi specialist, Native Land, has released a statement announcing that a major private Gulf based investor has taken a 45% shareholding in the company
Developers cater for Asian influx
With Asian buyers reportedly accounting for 60 pc of new build properties purchased in Central London in 2011, developers are increasingly tailoring projects to appeal to their top demographic
Luchford APM gets nod for St James’ Riverlight development
St James, Berkeley Group's luxury arm, has reportedly hired creative agency Luchford APM to launch its new Riverlight development on the South Bank
St George’s Hill the big winner at What House? Awards: Best Luxury House
The top two new homes in the "Best Luxury House" category at the What House? Awards are both in St George's Hill, Weybridge, with Octagon Bespoke and Consero winning Gold and Silver for their respective…
St John’s Wood landmark development on track for Feb 2013
The Atrium, a new development on Park Road that will feature a £9.
Huge gains for Berkeley
Berkeley Group has reported a 58 per cent rise in full-year profits. According to the Cobham-based homebuilder, pretax profits rose to £214.8m, up from £136.2m a year earlier.
Westminster announces major regeneration scheme
Westminster Council have released plans for a massive £70m investment scheme in Westbourne Green.
£250m Grosvenor Place race won by Turner & Townsend
The consultant Turner & Townsend has reportedly beaten off stiff competition to be named project manager of the proposed £250m Grosvenor Place scheme in Belgravia.
Subject to planning, the 1.
Residential Land recruits Creative Director
Simon Trout has joined Residential Land's design team as Creative Director
London & Stamford buy resi riverside development for £147m
According to a statement released today, London & Stamford Property PLC, in its newly formed Central London Residential Joint Venture, has announced that it has exchanged contracts with Project Red Limited, …
Cordea Savills raises £25m for prime resi developments
Property fund managers Cordea Savills have announced the first close of their Prime London Residential Development Fund, after a major global private bank provided £25 million of initial equity.