Main image: FOR SALE
Barbican
£1.9m
Penthouse in the newly redeveloped Brutalist landmark Blake Tower.
UK buyers back in the capital’s new homes market – Jackson-Stops
More buyers after “homes with benefits”
Demand for properties with income has soared by 50%, according to Fine & Country, as buyers look to supplement their earnings and boost pension pots.
Napoleon Wilcox, Head of Webbers Fine & Country;
By Prime Resi
Grosvenor prepares for ‘inevitable’ market correction
Grosvenor has reported a 22% fall in pre-tax profits in its latest set of results.
Profit before tax of £527m was recorded by the Duke of Westminster's property group, down from 2014's £681.
By Prime Resi
Dearth of buyers affects regional prime property prices
"Weak market sentiment" amongst buyers has been blamed for poor performance in the prime regional property market, as Savills reports a fall in average values across the country.
By Prime Resi
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Brace of Mayfair mansions offered as ultra-prime redevelopment opp
A luxury resi reworking of the twin Georgian townhouses on South Audley Street could deliver a £65mn end product, agents suggest.
UK buyer swoops on marquee penthouse at boutique Mayfair scheme
Agents confirm sale of largest penthouse at Three Kings Mayfair for over £8.5mn, as domestic demand continues to trend upward across PCL.
London Square unveils plans for £240mn Chelsea scheme
Assael Architecture-designed proposals involve 42 new homes and a £13mn National Army Museum extension.
Rumourmill: Chancellor ‘plotting mansion tax raid’ on £2mn+ homes
More speculation about potential tax hikes in November's Budget event.
By PrimeResi
Private island in the Thames heads to auction
Uninhabited ait near Shiplake 'might just be the Thames Valley’s answer to a beach hut', says Savills.
By PrimeResi
Battersea Power Station owner reportedly mulls sale
It is suggested that BNP Paribas has been brought in to 'explore options' for the sale of non-residential parts of the landmark building.
By PrimeResi
Tapping the Top End: Lucian Cook on the potential impact of taxing luxury homes
As the Treasury signals tax changes, Savills' Head of Residential Research examines their potential impact on the prime property market.
By Lucian Cook
‘The opportunity was clear’: Behind Maybourne’s expansion into branded residences
COO reveals how the Claridge's operator plans to integrate luxury hotels, homes, and wellness into a highly personalised 'ecosystem'.
Major Irish agency expands with key hires & Knight Frank acquisition
Sherry FitzGerald has bought commercial real estate advisor Knight Frank Ireland, and recruited four senior names from Colliers to its residential business.
By PrimeResi
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.
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