Company Tag: London Central Portfolio
PCL prices increased by 1.6% in Q4, but remain 11% below their 2015 peak
"The significant recovery in the PCL lettings market, witnessed during Q4 2021, together with the easing of the Covid travel restrictions, could be a precursor of what lies ahead for the sales market in…
Prime London is ‘returning towards a pre-pandemic rental market’
London Central Portfolio saw an 11% jump in agreed rents on new tenancies in Q4 2021, "correcting the deep discounts that were granted during the same period in 2020".
Planning nod for Heaton’s ‘Other House’ project in Covent Garden
Designs for The Other House Covent Garden - a JV between London Central Portfolio and APG - have been drawn up by architects Falconer Chester Hall and interior designers Bergman Design House.
Lettings market rally ‘signals return of London as a global destination of choice for employment and education’
Investment firm LCP reports a surge in enquiries from overseas following the easing of travel restrictions.
Prime London rental market ‘rebalancing’ – LCP
Key indicators including the average discount on re-lets and the time taken to find a tenant have both been falling.
LCP chief unveils new central London ‘residents’ club’ venture
The Other House, founded by LCP's Naomi Heaton, is turning Harrington Hall Hotel in South Kensington and the Wellington Block in Covent Garden into serviced apartment members' clubs.
PCL transaction volumes hit a record low last year
New analysis shows that fewer than 60 properties were changing hands each week in 2020.
ATED receipts dwindle as enveloping loses its appeal
Receipts from the Annual Tax on Enveloped Dwellings fell by 8% (c.£11m) for the 2019/2020 financial year; they have dropped by 28% (c.£50m) since the 2016 peak.
Prime London’s tenants are getting younger
Under-30s accounted for nearly 90% of the tenancies signed in Q1, reports LCP - up by almost a quarter on last year.
London property market ‘getting a boost’ as overseas students ‘favour the UK’
"The UK’s safe haven status, diverse and liberal culture has attracted overseas students who would have previously studied in the US," suggests property investment firm London Central Portfolio.
CGT ‘cash grab’ could harm wider economy, warns investment firm
London Central Portfolio says Rishi Sunak should avoid being tempted by a 'short-term tactical ploy', or risk a negative trickle-down effect...
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’.