Profits plunge for Dubai’s Damac
Luxury property developer's profits record an 87% fall in Q2, but the company "remains financially robust"
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Sobha’s PNC Menon on London, Dubai, Brexit & building a global luxury property empire
INTERVIEW: PNC Menon has built an international luxury real estate empire that's currently developing a vast swathe of prime Dubai, and has recently launched a flagship global studio in Mayfair.
Grosvenor revenue profits halve; GB&I out-performs as European business swings to a loss
Dramatically lower numbers from 2018 to 2019 are "in line with expectations," says Grosvenor Group, and follow "deliberate decision[s] to accelerate UK asset sales pre 2016 and reduce [the] international…
New CEO for New York’s Extell Development Co
Gary Barnett hands over the reins after 30 years at the helm of one of the world's most ambitious super-prime development operations.
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Brokerage pulls off £48mn Belgravia hat-trick
Big-brand agency defies tough market conditions to complete three super-prime deals in as many weeks, as younger international wealth turns its attention to one of PCL’s traditional strongholds.
Strutt & Parker recruits PCL heavyweight to head Knightsbridge & Belgravia office
Jonny Fieldman has moved from Knight Frank to lead Strutt's Sloane Street operation, as the agency continues a high-level hiring spree in the capital.
Knight Frank adds four more London brokers to affiliate network
Latest recruits take on key patches across South West, West and North London as agency presses on with rollout of its US-style broker model.
‘The industry is changing dramatically’: Russell Simpson’s Bertie Russell on growing the family business & the future of prime agency
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£13mn Wentworth trophy home sparks competitive bidding
Agency reports ‘robust’ demand for best-in-class homes as British buyer snaps up standout new-build residence on the exclusive private estate.
Savills profits jump 47% despite UK resi slowdown
Boss Simon Shaw is 'delighted with the significant improvement in performance' - although the UK residential business saw revenue & profits decline in H1.
London’s super-prime market goes into summer recess
Latest LonRes Data: Under-offer numbers halve as £5mn+ deals and new instructions fall sharply amid 'uncertainty and a lack of urgency'.
Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
New price benchmark set at Marylebone scheme
Warwick Investment project nears sell-out after one-bed pad achieves more than £2,000 per sq ft.
Big London agency reports 22% drop-off in buyer registrations
Chestertons flags steepest annual fall in prospective buyers since last November amid political and tax uncertainty.
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