Property Investor News
LCP & APG team up for new hotel brand; launch with prime South Ken acquisition
London Central Portfolio has formed a joint venture with APG (which recently teamed up with Delancey to buy Earls Court), acquiring the Harrington Hall site in South Kensington as an inaugural "lifestyle…
UK Sotheby’s Realty to ‘explore tokenisation’ of two luxury properties
UK Sotheby’s International Realty has partnered with PropTech platform Smartlands to look into blockchain-powered fractional ownership options for a London penthouse and a Greek villa.
Delancey completes Earls Court acquisition; plots ‘an entirely new vision for the site’
Capital & Counties has offloaded its stake in the Earls Court development to Delancey and APG for £425m.
European property firm faces €14.5m GDPR fine for ‘data cemetery’
Deutsche Wohnen, which has a portfolio of 165,500 homes, has been handed a huge fine by Berlin's GDPR regulator
Plentific raises £25m to fund international expansion plans
Tech-led property management platform Plentific has secured a massive chunk of investment to fund growth in the UK, Europe and US.
Scottish estate ‘the size of Manchester’ offered for £10m
A significant swathe of the Scottish Highlands has come up for sale, offering the chance to own 28,202 acres of "true wilderness" straddling Perthshire and Argyll.
Capco offloads Earls Court for £425m
Delancey and APG have exchanged contracts on Capco's Earls Court portfolio (excluding Lillie Square) for £425m
Meyer Bergman’s VC arm backs CapitalRise
Luxury property crowdfunding platform CapitalRise has secured a £1m equity investment from Meyer Bergman's Revolt Ventures
Europe’s resi real estate investors are ‘bullish’ despite Brexit & regulatory concerns
Paris, Berlin and Frankfurt are the top picks for real estate investment in 2020, reports PWC
Proportion of overseas landlords rises for the first time since 2010
The weak Pound has boosted the proportion of British homes let by overseas landlords, from 7% last year to 11% this year, according to Hamptons;
Tenant demand continues to outstrip rental supply in London
Demand for rental properties in London has increased by 13% compared to last year, reports Foxtons, while supply has fallen by 16%
Northacre owner is ‘in discussions with a few’ big-ticket distressed development projects in PCL
"Brexit is fully priced in," says ADFG's CEO Jassim Alseddiqi. "I strongly believe there is pent-up demand in Central London residential that will be coming up very soon ...