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...consulting firm took on about 70,000 sq ft of space near its New Street Square headquarters in February, people familiar with the details told the Financial Times, increasing the size of its central London estate...
...Jonathan Gardiner, head of real estate agent Savills’s central London office agency, said large companies were holding off pulling the trigger on real estate deals because they were “still trying to understand...
...In contrast, HSBC published a policy to not directly finance new oil and gas fields in December, while Lloyds and NatWest have taken similar steps....
...Budenberg, also chair of the Crown Estate, has had a highly successful career as an investment banker and became Lloyds chair at the start of 2021....
...The future of flagship offices has been called into question as many companies have shifted staff to hybrid working and some try to cut their real estate footprint....
...For several years, Goldman kept wagering its own capital on investments such as private equity and real estate....
...“If your sisters are both getting £100mn and you’re ‘only’ getting £25mn it becomes about the relativity of it,” said Lloyd, who typically works on estates worth tens or hundreds of millions....
...This is a byproduct of testamentary freedom in England and Wales, which enables the deceased to leave their estate to anyone, says Lloyd....
...The purchase of Five Churchill Place was initially financed with at least £196mn in debt, roughly 70 per cent of the value of the building at the time, with a tranche provided by Lloyds Banking Group....
...In the 1970s, the gallery’s reputation was damaged when it emerged trustees of Mark Rothko’s estate had sold paintings to the gallery for far less than market value; Frank Lloyd was later convicted of tampering...
...Bruce Goff, an eccentric, organic and wacky acolyte of Frank Lloyd Wright, is often credited with getting there first....
...Pete Rennie has planted an independent evangelical church in the new Westercraigs estate in a rapidly expanding Inverness....
...Some of the UK’s biggest lenders are on alert over the issue, including NatWest, Lloyds Banking Group and Barclays....
...Lloyds and Wells Fargo make an interesting comparison, and again Lloyds is tempting....
...Property prices tend to be highest around Orford Road, the Lloyd Park conservation area or Upper Walthamstow where houses can top £1mn....
...Early forays into local real estate soon led to larger investments in hotels, culminating in the 1995 acquisition of the Ritz, one of London’s top hotels....
...Deprived estates in the centre of Rochdale, she added, were full of “people who are desperate”....
...By comparison, the ratio for Lloyds Bank is 51 per cent. Moreover, about 92 per cent of its deposits reside in current accounts and demand deposits which can disappear quickly....
...From the Pompidou in Paris and the Lloyd’s Building in London to airports at Heathrow and Madrid, his was an architecture revelling in technology, engineering and modernity....
...By drastically shrinking its own estate, the church makes windfall profits from property sales which can be used to pay the central organisation’s recurring administrative costs....
...Notably real estate and bank stocks fell the most on the day. The promise of higher interest rates has presaged higher profits for banks....
...This compares poorly to both Lloyds on 51 per cent and rival challenger OneSavings Bank at around 30 per cent....
...Architects to the listed Bourne Estate in Clerkenwell....
...Robin Budenberg, chair of Lloyds Banking Group and the Crown Estate, receives a knighthood....
...They were the city corollaries to country estates, complete with obsequious staff....
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