Foreign investors buying up new-build housing remains a controversial issue in London, with opponents arguing locals are being forced out and developers insisting that without overseas money no housing would be built.
London mayor Boris Johnson last week revealed the first nine designated housing zones intended to help tackle the housing shortage in the capital.
India’s largest real estate company DLF is looking to divest a 50% stake in four new housing projects for £311m, as a slowdown in sales hits the company’s bottom line.
CP Holdings has sold its long-lease interest in the Russell Road car park in Brighton to Standard Life Investments UK Shopping Centre Trust for £13.32m.
Former Manchester Utd stars Gary Neville and Ryan Giggs have got permission from Manchester City Council to transform the former Stock Exchange building into a 35-room boutique hotel.
The European property investment firm Hansteen has spent £11m to acquire 24.2 million more units in the Ashtenne Industrial Fund (AIF).
Galliard Homes has appointed ex-Grantchester and Asda Property director Paul Huberman as a non-executive director.
The Greater London Authority has announced the first nine areas of the capital to become designated housing zones.
Developer Lipton Rogers and fund manager Axa have signed a deal to takeover the development of the stalled Pinnacle tower in London, which could result in one of the Square Mile’s biggest white elephants finally being built.
Real estate investor Verdion has been given planning permission to start work on iPort, its 337-acre logistics scheme in Yorkshire.
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