Friday Showcase: Ten featured prime resi listings
A weekly stock check, powered by LonRes
In London
Prime London rents show ‘early signs of bottoming out’
Rental values in the capital’s prime resi markets have fallen by an average of 9.6% since the Brexit Referendum in 2016 – but the pace of declines slowed in 2018, and Savills is predicting a new phase of positive rental growth for London and its prime commuter belt.
Agent wins battle with developer over contract ‘agreed by phone’
Supreme Court hands down judgment in Wells v Devani, ruling that an estate agent was entitled to claim commission from a developer on the sale of flats to a purchaser he introduced, despite the contract being concluded by way of a single disputed telephone conversation
Planners nod through Hammersmith Town Hall reinvention, with 204 new homes
In Pictures: Designs by Rogers Stirk Harbour + Partners promise to ‘breathe new life’ into West London’s King Street.
St William building up steam in Battersea
Berkeley Group & National Grid JV rolls out next phase of 955-unit regen scheme by Battersea Power Station
Portman & Derwent double Baker Street project’s affordable housing contribution
Mayor’s late-stage review results in a £10m affordable housing contribution from Derwent London and the Portman Estate’s major development on Baker Street.
Marsh & Parsons downsizes Land & New Homes division; plans more branch openings
‘AÂ number of people have left the business’, confirms Marsh & Parsons as it restructures its Land & New Homes division.
Camden looks to ban estate agency boards across the borough
Camden Council is running a consultation on extending Regulation 7 Directions to limit the ‘unnecessary clutter’ of estate agents’ boards.
Don’t forget the fundamentals: Ten tips for delivering a successful prime resi development
Seasoned PCL property pro Alan Waxman, who has delivered more than 50 schemes in the capital over the last two decades, offers up ten pointers to help developers maximise their chances of sales success – even under the most challenging of market conditions…
Mapped: Achieved prices across Prime London
Latest visual from LonRes shows the spread of rental and sales values across PCL, Prime London & Prime Fringe in 2018…
Clarges Mayfair lateral goes for £5,500 psf
Seventh-floor apartment in British Land’s Mayfair development sells for £26m.
Grosvenor’s McWilliam steps up to helm the WPA
Craig McWilliam has been named Chair of the Westminster Property Association, replacing James Cooksey.
