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...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
...reducing interest rates is expected to lead to a pick-up in activity.Last week Gucci owner Kering said it had bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn, the largest property...
...Thursday it also agreed a £80mn construction loan for new serviced apartment buildings, and replaced an existing construction facility with a £132mn loan on a mixed-use building that includes offices, hotels...
...“In the short term this could be a bit challenging for hotels . . . but in the medium term it’s much better to have a flexible stock of Airbnb oversupply as opposed to permanent expansion of hotel room stock...
...The British Property Federation said the change could hit investors wanting to buy badly needed rental homes....
...Property consultancy JLL said the number of conversions surged to an all-time high in 2023, with hotels converting offices as well as existing resorts....
...HM Treasury is inherently cautious of course but my understanding is that discussions are still ongoing and no decision has been taken yet.”...
...“The suites are intended to be a kind of home; more than just a hotel,” affirms Wylde....
...The sale of the tower is part of BT’s efforts to simplify its property portfolio. It is in the process of reducing the number of offices in its estate from more than 300 to about 30....
...Most people just want the job done and that may mean taking a price cut on a property to sell quickly....
...Replacement of today’s property taxes with ones on land value, which could stimulate development, would also help achieve important objectives....
...She said she would be prepared to hand over that information, if necessary, to either HM Revenue & Customs or the police....
...Where you hold a property as tenants in common, HM Land Registry places a restriction on the title register requiring there to be two sellers....
...Hotels were the only part of the market to see a rise in transactions. The sector has enjoyed a post-Covid resurgence in travel that has boosted dealmaking....
...This month owners Enrique and Ines Miró Sans are taking things up several notches in Palma de Mallorca, with Portella, their second property....
...The UK Serious Fraud Office has opened an investigation into an alleged £140mn property fraud and arrested four people in a series of raids....
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...Room with a vue Hôtels particuliers have fuelled prime-property price increases in Paris: the grand 17th- and 18th-century mansions soared in value last year by 6.4 per cent....
...Blackstone bought the Milan property as part of its 2021 acquisition of Reale Compagnia Italiana, a private Italian firm that also owned offices, hotels and residential properties in the city....
...The Home Office’s rush to clear hotels of asylum seekers has compounded the rise in rough sleeping, as newly granted refugees are forced to find homes quickly or face the streets....
...HM Revenue & Customs will see you as paying a “non-cash consideration” for the acquisition of the share in the UK property....
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...Earlier this month, Signa Prime said that it was seeking bids for three properties in Vienna — the Park Hyatt hotel, the upmarket shopping area Goldenes Quartier and the constitutional court — as well as...
...in Palma, have opened the adults-only Hotel Valldemossa....
...The launch was a boon to property prices across the local Somerset area....
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