Property Developer News
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…
Martin’s brings in a new senior analyst, ‘positioning the business on the front foot’ for life after lockdown
Chelsea property firm readies itself for post-Covid opportunities.
In Pictures: Grosvenor finalises Cundy Street plan
Grosvenor Britain & Ireland has finalised its plan for the controversial redevelopment of the Cundy Street Quarter in Belgravia, sharing a revamped proposal after 12 months of banter with locals and three…
Avanton rejigs senior team & makes new hires
Avanton's co-founder has left the business, but the fast-growing property investor/developer is "taking a long-term position on the enduring value of prime London real estate", eyeing "opportunities to…
Agents’ property market webinars attract thousands of clients
Property firms are turning to virtual broadcasts to offer market insights and maintain client relations in the lockdown.
Developer reboots residents’ amenities with virtual fitness & wine tasting events
Canary Wharf Group's new build-to-rent arm has "reimagined" its Club Vertus offering for a socially-distanced world, organising virtual wine tastings, a remote quiz, and video gym sessions.
Housebuilders begin to re-open construction sites; Government urges more
Taylor Wimpey, Vistry, Persimmon, Mace and Sir Robert McAlpine are all getting back to work - but Crest Nicholson and Redrow are maintaining Coronavirus closures.
A record number of skyscrapers completed in London last year, but fewer are being started
A record number of 60 tall buildings were completed in London in 2019, despite all the Brexit-related uncertainties; that's 140% more than the 25 completed in 2018.
Virus fallout ‘will put significant pressure on supply chains’ but could quell rising construction costs
"When we come out of this, we may well end up working differently, and many [building] companies where they are able will look to significantly shorten supply lines," says Knight Frank.
FT: The highs and lows of a New York skyscraper king
Michael Stern changed the city’s skyline. The FT's New York correspondent Joshua Chaffin asks whether he can weather the impact of coronavirus on luxury property...
Moda secures backing for one of Scotland’s biggest build-to-rent schemes
Springside in central Edinburgh will deliver 476 new rental homes.
Nearly three-quarters of UK resi developments have been paused
“The residential sector has been more impacted than anywhere else," says Barbour ABI. “It’s clear now that this is going to have a big impact on the number of homes built in 2020"