Property Investor News
ATED receipts dwindle as enveloping loses its appeal
Receipts from the Annual Tax on Enveloped Dwellings fell by 8% (c.£11m) for the 2019/2020 financial year; they have dropped by 28% (c.£50m) since the 2016 peak.
GII splashes £60m on a boutique development opposite Hyde Park
Gulf Islamic Investments has made its second resi development play in Prime Central London, acquiring an in-progress luxury scheme in Bayswater.
Queensgate makes a brace of senior appointments
Jason Kow's Queensgate has hired Gary Jones as COO, and Daniel Peart as General Counsel.
Landlord property sales drop to a seven-year low
131,900 buy-to-let homes were sold-off by investors in 2020, says Hamptons; the lowest number since 2013.
Investors pump another £5m into hybrid estate agency Nested
Purplebricks investor Axel Springer has backed hybrid agency Nested as it looks to expand beyond London.
UK real estate & the Register of Foreign Owners: New registration requirements, explained
As a transparency measure, the Government is set to introduce a Register of People with Significant Control over Overseas Companies owning UK real estate.
Mayfair’s Naval Club offered for sale with super-prime development potential
In Pictures: 38 Hill Street is on the market for £35 million - with the potential to create one of London's biggest and most valuable private residences.
CPI & Main pick up another trophy property, acquiring the Savile Row police station for c.£50m
European investor CPI and London super-prime specialist Dean Main have made another big acquisition in Prime London, taking on the decommissioned West End Central Police Station on Savile Row.
Investors are forming ‘clubs’ to skirt the new overseas buyer Stamp Duty surcharge
"Rather than invest in a single buy-to-let personally, some overseas investors are joining 'club' deals where they take a share of a collective purchase of six or more properties," says Blick Rothenberg.
The Grosvenor Estate rejigs management structure
The Duke of Westminster's Grosvenor Estate has re-worked its management structure, with a refreshed top table including a new Chief Investment Officer and a new Head of the Family Office.
Pi Labs brings on Emoov co-founder as US venture partner
Emoov co-founder and Emaar product chief Ivan Ramirez has teamed up with Faisal Butt's proptech investment firm.
Martin’s offloads six properties for £22m
Chelsea-based developer/investor Martin's Properties has sold six "non-core" assets for a combined £22m, including a mixed-use block in SW3 to Store House for £7.35m.