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...Canary Wharf still has to tackle a November maturity on £564mn in loans tied to 1-5 Bank Street, an office tower home to SocGen and EBRD....
...development, according to government officials and the property tribunal....
...By the autumn, the price had been reduced to €1.95mn “Today, we’re talking about a price of €1.85mn,” he says....
...JD Sports: Shares in the UK-based sports fashion retailer rose 5.1 per cent after it agreed to a deal to acquire US rival Hibbett for $1bn....
...In London, rental growth has dropped to 5.1 per cent from 15.3 per cent a year ago. Demand is 30 per cent lower than a year ago, while supply is higher by the same amount....
...The owner of the Bullring shopping centre in Birmingham and Brent Cross in London reported the first rise in rent expectations since 2017, in the latest sign that the gloom over retail properties is lifting...
...Although some owners have been forced to sell by debt pressures, many property owners are reluctant to crystallise losses at what they believe could be the bottom of the market....
...Commercial landlords are predicting that higher debt costs will force a growing number of owners to sell if unable to refinance against lower property values when their loans come due....
...In London, selling agents’ fees are typically quoted at 2 per cent, but are often bargained down closer to 1.5 per cent....
...Gucci owner Kering has bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn in Europe’s biggest property deals for two years, as intense demand from luxury groups helps high-end...
...A typical borrower who took out a two-year fix at 1.6 per cent in 2022 will face a 42 per cent increase in their monthly payments, according to calculations by Zoopla, the property portal....
...Germany is PBB’s biggest market with 44 per cent of its commercial real estate loans, many to office owners. German office vacancies are around 5 per cent. But the signs of stress are there....
...He owns 1.83 per cent of the company, according to FactSet data....
...House, Matlock, £1.85mn Where Near Matlock, Derbyshire’s county town....
...With the Bank of England raising interest rates from 0.1 per cent at the end of 2021 to 5.25 per cent last summer in a bid to tame inflation, “affordability in London has deteriorated more than elsewhere...
...The launch was a boon to property prices across the local Somerset area....
...Airbnb says a typical UK host makes £5,500 a year. Clearly, that sum will be higher in popular tourist areas, where more properties are run as full-time holiday lets. Regulation is light....
...While the mainstream market saw price falls of six per cent in 2023, Knight Frank figures show that prime properties over €4mn recorded increases of 2.5 per cent....
...Shares in big residential landlords like Vonovia, TAG and LEG have all rallied since the end of last year, outperforming commercial property owners....
...“Owners let out their homes for three to five months and decamp to their holiday property,” says Lucinda Richardson, head of lettings at Winkworth Notting Hill....
...Shares in LondonMetric fell 1 per cent while LXI rallied around 5 per cent after news of the potential deal came out on Monday....
...Kering said it had bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn, the largest property deal in Europe over the past couple years....
...0.1 per cent....
...“I think what we are seeing in the house price data out this week is that mortgage rates ticked up in March, probably back up to 5 per cent from 4.5 [per cent] in February, and those higher rates are weighing...
...The deal follows an agreement last month by rival warehouse owner LondonMetric to take over LXI, a landlord focused on property income....
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