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UK local government finance
The Monaco hedge fund boss tied up with an indebted English town
...The matchmaker for the troubled deal between the real estate firm behind the scheme M7 Real Estate and the local authority was Lee Robinson, a Monaco-based financier whose interests have become unusually...
April 24, 2024
InterviewUK immigration
UK has ‘no strategy’ for housing asylum seekers, says borders’ chief inspector
...“There is no asylum accommodation strategy” at the Home Office, which had led to major problems of inadequate facilities across the asylum and immigration detention estate, said Neal in his first interview...
February 16, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Property sector
Kazakh oligarch Timur Kulibayev sells Mayfair mansion for £35mn
...North Wind is a real estate investment group founded by Ben Williams, a former director in Deutsche Bank’s real estate special situations team. It plans to redevelop the property....
May 9, 2024
Food & Beverage
CVC accused of ignoring Kenyan co-operatives in tea estates sale
...In February, alongside Kenyan President William Samoei Ruto, the company inaugurated a new tea academy....
April 3, 2024
The best books of the week
Olivia Laing’s The Garden Against Time — cultivating a better society
...Overall, Laing is best served by William Morris, whose belief in the “creation of beauty, the enjoyment of real pleasure [being] as necessary to man as his daily bread” removes any potential superficiality...
April 30, 2024
UK housebuilding
State housing schemes in England have ‘materially underdelivered’ since 2020
...Letter in response to this article: It’s time parties adopted a shared vision for housing / From The Most Reverend Justin Welby and others...
April 8, 2024
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Prime property
Hot property: Arts and Crafts-styled homes
...Furnishings were provided by William Morris, a key proponent of the movement. Who Savills and Strutt & Parker House, Brooklyn, NY, US, $8.75mn Where In the Bay Ridge district of Brooklyn....
January 11, 2024
Chinese economy
China’s economic growth hits 5.3%
...Since 2021, the Chinese economy has grappled with a wave of real estate developer defaults that have frozen construction activity and weighed confidence in the market, pushing down home sales....
April 16, 2024
European prime property
Hot property: five homes for sale in the Dolomites, Italy
...Who Mayfair International Realty/Edelweiss.Re Real Estate & Design Farmhouse, Madonna di Campiglio, €2.9mn Where In the woodlands to the south of Madonna di Campiglio....
February 1, 2024
Crown Prosecution Service UK
Two British men charged with helping Russian intelligence in London arson attack
...The investigation is related to a fire that broke out at two adjacent businesses at an industrial estate on Staffa Road in Leyton, the BBC reported....
April 26, 2024
Global inflation
Has US core inflation resumed its decline?
...William Sandlund...
March 10, 2024
Terrorism in UK
Michael Gove releases new definition of ‘extremism’ to combat far-right and Islamist threat
...Justin Welby, Archbishop of Canterbury, and Stephen Cottrell, Archbishop of York, warned the government’s response to a rise in extremism “risks vilifying the wrong people” and creating “more division”....
March 14, 2024
Berkshire Hathaway Inc
Warren Buffett’s real estate brokerage to pay $250mn over commission lawsuits
...The amount to be paid by firms that also include Anywhere Real Estate, Re/Max, Keller Williams and Compass to a class of 50mn home sellers now totals $943.3mn under the settlements....
April 26, 2024
Prime property
Hot property: five homes for sale that celebrate timber
...Who The Whistler Real Estate Company/Luxury Portfolio House, Martha’s Vineyard, Massachusetts, US, $25mn Where In Edgartown, on Martha’s Vineyard....
December 14, 2023
Chinese business & finance
Chinese state-owned bank seeks liquidation of property developer Shimao
...a mainland Chinese real estate company....
April 8, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
The Art Market
Sotheby’s to sell Chicago trader’s £13mn collection
...The gallery’s name reflects the fact that its founder, Lucca Hue-Williams, is the daughter of Michael Hue-Williams, who ran Albion gallery in London between 2003 and 2010 and now operates an Oxfordshire...
May 9, 2024
Prime property
Hot property: five homes for sale in Costa Rica
...Who Christie’s International Real Estate Villa, Nosara, Guanacaste, $5.45mn Where In Guanacaste province, a 15 to 20-minute drive from Nosara beach....
November 30, 2023
Chinese economy
China cuts mortgage-linked lending rate by record amount
...“A cut to the five-year LPR is part of the policy package to boost the demand side of the real estate market,” said Yang Chang, policy analyst with Chinese brokerage Zhongtai Securities....
February 20, 2024
Property sector
UK landlords hunt for deals in real estate slump
...UK-listed landlords are eyeing buying opportunities in the depths of the real estate downturn, as high debt costs force some owners to sell....
February 28, 2024
News in-depthMacau
Macau roars back as gamblers return to ‘Las Vegas of the east’
...Clutching a Dior handbag and wearing a jacket from French designer Ami, Jacky Chen, who works in real estate in Shenzhen, came to Macau to eat, relax and gamble....
March 31, 2024
The best books of the week
A journey into Britain’s murky colonial hinterland
...Inevitably, the riches colonial slavery brought to many landed estates loom large: for the Jamaica-trading branch of the Campbell clan, who purchased the islands of Islay and Jura, as much as for the Draxes...
May 8, 2024
News in-depthUK Budget 2024
‘Disastrous’: Justice system leaders warn Hunt against further austerity
...Fairhurst said spending on the service in the current financial year was already £100mn over budget, in part because the estate was at capacity....
March 4, 2024
UK infrastructure
Teesworks authority loses access rights case against Brookfield-owned port
...They said PDT had originally been claiming access rights “across vast areas of land on the Teesworks estate, yet no documentation was ever provided”....
February 5, 2024
HTSI
10 UK gardens to visit this bank holiday weekend
...These wild tulips are perennial, naturalising and have a delicate, beguiling beauty. botanic.cam.ac.uk Hever Castle, Kent The big draw at the former home of Anne Boleyn (and later of William Waldorf Astor...
March 27, 2024
FT SeriesHouse & Home Ski Property Special
Hot property: five homes for sale in the Aosta Valley
...Who La Torre Real Estate Chalet, Mascognaz, €1.85mn Where In the village of Mascognaz in the Ayas commune, just south of Champoluc and close to the Monterosa ski area....
November 15, 2023

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