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 hotel” project.
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.
Capital & Counties has offloaded its stake in the Earls Court development to Delancey and APG for £425m. The firm has picked up two new properties in Covent Garden, and “is now positioned as a prime central London property investment business and will convert to UK REIT status before the end of 2019.”
Deutsche Wohnen, which has a portfolio of 165,500 homes, has been handed a huge fine by Berlin’s GDPR regulator
Tech-led property management platform Plentific has secured a massive chunk of investment to fund growth in the UK, Europe and US.
Delancey and APG have exchanged contracts on Capco’s Earls Court portfolio (excluding Lillie Square) for £425m
Luxury property crowdfunding platform CapitalRise has secured a £1m equity investment from Meyer Bergman’s Revolt Ventures
Paris, Berlin and Frankfurt are the top picks for real estate investment in 2020, reports PWC
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; it’s the first rise since the estate agency started counting in 2010.
Demand for rental properties in London has increased by 13% compared to last year, reports Foxtons, while supply has fallen by 16%
“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 … We are going to see a serious pick-up in residential real estate in Central London”