“Some may frown upon second home owners, but the fact of the matter is that the vast majority are buy-to-let landlords, not high-end homeowners restricting stock availability by purchasing rarely used holiday retreats,” comments Octane Capital boss Jonathan Samuels.
It’s being reported that the billionaire Reuben brothers have agreed to take control of the super-prime Admiralty Arch development project.
“I understand that regional mayors may soon be given the power to ban properties from being used as short-term lets,” writes James Forsyth, political editor of The Spectator, in The Times.
London’s £1bn One Nine Elms development is now scheduled to complete by the end of 2023, following a huge funding deal with a consortium of lenders.
“Knight Dragon has just revolutionised the entire European property market and will now move to do so internationally,” declares founder Sammy Lee, as the developer looks to blockchain tech to boost investment in its Greenwich Peninsula scheme.
Two of PCL’s biggest property estates have agreed terms to create an “impossible to replicate portfolio in the heart of London’s West End.”
North America retains its position as the top global region for the super-rich, while Europe has overtaken a “lacklustre” Asia-Pacific according to Capgemini’s new World Wealth Report.
Estate agency branches had an average of 15.6 properties available to rent in March this year, says Propertymark, down from 30.4 in March 2019.
“This is an incredibly rare opportunity to acquire a prime, freehold property with strong investment and development potential in a sought-after area of London,” says Knight Frank – flagging the potential for a new boutique luxury development in Bayswater.
The Duke of Westminster’s property company plans to “significantly expand” its third-party co-investment model, allowing the business to pursue more diversification around the world.
Build-to-rent expert Andrew Screen has moved from Cortland to BNPPRE.
Liam Smith is now leading Knight Frank’s large Birmingham New Homes and Residential Investment team.