Property Developer News
On the future of super-prime: Lord Hay explores the outlook for luxury property development in London
In an exclusive article for PrimeResi, Lord Andrew Hay of Lodha UK explores the key trends and challenges facing the top-end of London's property market, taking a bullish stance on super-prime prospects…
Berkeley profits on track to be at a ‘similar level’ to last year, despite a 20% drop in reservations
Sales reservations have "been robust where we have had availability of stock", says major house-builder Berkeley Group, while buyer enquiry levels have been "consistently strong" since November.
Planners green light Edinburgh’s six-acre New Town Quarter
The former Royal Bank of Scotland HQ in central Edinburgh is to be transformed into "one of the one of the best places to live and work in one of the world’s finest cities."
Hilltop plans to deploy ‘up to £300m’ on resi development projects in the next three years
Development finance firm Hilltop has secured major US backing for residential construction investments in the UK.
Irish property mogul Ronan plots a return to London next year
Johnny Ronan once again has "ambitions on the scale of Battersea" in London, says Ireland's Business Post, and expects to have his first return project underway next year.
Wilben project pushes CapitalRise to £100m+ lending landmark
EXCLUSIVE: A project by Wilben Developments in Chelsea has taken luxury property finance platform CapitalRise to a lending milestone.
Off-plan sales numbers slip
The share of new homes being sold off-plan has fallen from a peak of 39% in 2016 (c.69,000 units) to 33% in 2020 (c.49,000 units), according to a new index from Hamptons.
Westminster defers Cundy Street decision
Westminster Council has deferred making a decision on Grosvenor's controversial redevelopment of the "Cundy Street Quarter" in Belgravia.
Lincoln Square penthouse goes for £12m
Knight Frank has managed to do £30m-worth of sales at Lodha UK's Lincoln Square scheme in WC2 in the last year, including a super-prime penthouse deal.
Avanton embarks on £500m London land buying spree
Property developer Avanton has amassed a £500m fund for "strategic land acquisitions" over the next three years, focused on build-to-rent projects in the capital.
Green light for Regal’s Hackney Road mixed-use scheme
Regal London has secured approval for revised plans to build nine apartments and a hotel in Hoxton.
Property developers to face two new taxes to pay for cladding scandal bill
Robert Jenrick has announced that residential property developers will face two new levies, starting in 2022, to pay for some essential fire safety works on high rise buildings, following 2017's Grenfell…