Format: News
Knight Frank posts record profit amid ‘extraordinary’ year
Group’s latest set of annual results show a 23% boost in pre-tax profit, but turnover slipping by 7%;
Dunning rebrands Townends to Stirling Ackroyd; plots more acquisitions
Nick Dunning plans to continue building his property empire, making "at least four acquisitions a year".
Landsec to buy U+I in £190m deal
Acquisition will ‘accelerate’ the developer’s strategy of driving growth through mixed-use opps in London and regional cites.
Savills adds to French Riviera network
New opening in Beaulieu-sur-Mer takes the number of Savills branches in the region to seven.
LRG buys two more London estate agencies
Leaders Romans Group has completed six agency acquisitions so far this year, adding 28 new branch locations and 370 staff.
Sharp drop in properties selling above asking-price
The majority of properties sold at or below asking price in September, according to Propertymark, but buyer demand continues to outpace sales supply.
Weekly Showcase: Ten featured prime resi listings
PrimeResi’s regular stock check, powered by LonRes
Allsop hires trio of former Savills directors to boosts resi valuations team
Major property auction house says it plans to "expand its growing residential and valuation team in response to a booming marketplace and a wealth of new business."
Unrepresented buyers don’t stand a chance in London’s hottest markets, says buying agent
Even those with healthy budgets of between £4m and £10m are coming unstuck in hotspots like St John’s Wood & Putney, according to Black Brick
Property Vision recruits Knight Frank’s Clarkson to boost South West presence
Edward Clarkson spent nearly a dozen years at Knight Frank. He is now overseeing Property Vision’s expansion in the South West.
Greenfield land values rise at the fastest rate in a decade
Greenfield development land values picked up by 3.9% in Q3, says Savills, while urban sites increased by 2.2%.
Native Land completes boutique Marylebone scheme with the Portman Estate
In Pictures: TwentyFive is a joint venture mixed-use development between Native Land and The Portman Estate; over half the apartments sold pre-completion.