Format: News
Great Portland Estates bags £37m Portman Sq block
Great Portland Estates has bought 1-9 Orchard Court, which makes up the entire Eastern block of Portman Square, W1, from Rosanna Holdings Limited, for £37m (£775 psf).
Lib Dems would welcome mansion tax “if it is a real commitment” – Cable
Vince Cable and senior Lib Dem figures have been flirting with the idea of voting with Labour on mansion tax tomorrow, but only if it's a "real commitment".
Scottish prime prices now 20% below peak (and they need to come down another 10%) – Savills
Prices in Scotland's prime market (classed as anything over £400,000) have fallen 20% from peak, according to the latest figures from Savills.
Mansion Tax: Labour publish motion for Tuesday’s vote
The Labour Party has published the motion for Tuesday's House of Commons vote on Mansion Tax and challenged the Lib Dems to back it.
“Remarkable” resurgence in £5m+ activity – W.A. Ellis
There was a "remarkable" resurgence at the upper end of the prime central London sales market in February, according to W.A. Ellis, with a marked rise in both transaction volumes and instructions.
BLME completes £12m Sharia loan for Kensington resi development
BLME, the largest Islamic bank in Europe, has completed on a £12m, two year loan facility to Curzon Asset Management for the development of nine luxury apartments in Kensington.
Industry welcomes lettings regulation
A whole bunch of lettings industry organisations have been cheering the Lords decision to to introduce a modicum of regulation to the lettings business.
The Only Way is Down: RBKC basement applications up by a third
2012 was a busy year for basement companies, with a whopping 33% year-on-year increase in "subterranean development" cases registered in Kensington & Chelsea.
Over half of English councils are not ready for NPFF
Just over half of English councils are not prepared for the Government’s planning reforms which are due to kick-in on 27 March, according to The Campaign to Protect Rural England (CPRE).
Knight Frank trades up in Milton Keynes
Knight Frank's Milton Keynes office will be moving to new "bigger and better" premises next month.
Balance of power shifts to tenants as supply of prime rental stock shoots up
After a significant shift in supply levels, the pendulum of power in London's prime lettings market appears to have swung away from the capital's landlords, according to Chesterton Humberts' latest findings.
One in five architects currently unemployed
22% of architects currently classify themselves as unemployed, and of these, more than a third are claiming jobseeker’s allowance, according to Building Design's inaugural industry-wide employment…