Bridget OConnell
-
British Land plans push into the ‘build-to-rent’ market
Property group looks to attract income from growing number of tenants as profits fall.
-
British Land toasts “another good year” as NAV rises 5.7%
The listed property company posted a 5.7% rise in net asset value to 976p and a 2.2% valuation increase.
-
MORNING NEWS: Forgotten worlds, rescue plans and pasta
Round-up of today’s top property stories with quick links to the nationals.
-
New York surpasses London on luxury housing market index
Low end of sector sees robust sales but Hong Kong keeps top spot in Christie’s rankings.
-
Gordon Ramsay’s restaurant group hit by £3.8m loss
Kavalake to close Maze in London but five new venues will be opened overseas.
-
Chief set for Mothercare return a month after sacking
Retailer’s restructuring plan are expected to see it shut 50 shops within 12 months, announce an extension of its borrowing facilities and tap shareholders for more than £35m in new…
-
Rising costs take toll at Crest Nicholson’s margins
Shares in the FTSE 250 company plummeted after it cut its full-year forecasts.
-
Carluccio’s is latest to develop taste for CVAs
Carluccio’s has hired KPMG to advise on a CVA to enable the chain to shed or secure a rent reduction on about a third of its 103 UK restaurants.
-
Buy-to-let in freefall after tougher rules deter buyers
Buy-to-let lending has fallen by a fifth over the past year as taxes on second homes, the removal of interest relief and tougher standards for lenders drained credit from the…
-
Legal row splits Tchenguiz brothers
Robert Tchenguiz, who is suing two partners at Grant Thornton, is seeking disclosure of a document, prepared by Rawlinson and Hunter, the trustee, and Vincent Tchenguiz, that allegedly contains “false…
-
MORNING NEWS: Residential indicators, European strategy and rotten culture
Round-up of today’s top property stories with quick links to the nationals.
-
UK record employment increases likelihood of interest rate hike
Regular pay is up by 2.9% on a year ago, which could make an August interest rate rise more likely.