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...Canary Wharf has also been challenged by the departure of key tenants, as it works to diversify the estate. The group is burdened with £3.7bn of net debt....
...If successful, it is hoped that the project could attract billions in investment to build one of Europe’s largest data centres and create about 4,000 jobs, the council said....
...“That’s for 1,200 sq ft, and for what it costs to stay there for a week, why not get a 3,000 sq ft place in a condo building for the month?” says Pham....
...House prices dipped 0.2 per cent in the year to February, better than the 1.3 per cent fall in January, putting the average cost of a property at £281,000....
...There were large regional variations, with house prices rising at an annual rate of 4.8 per cent in Scotland but contracting 3.9 per cent in London....
...The average UK rent has now reached £1,201 a month, £2,049 a month in London, £1,611 in Oxford and £1,565 in Brighton....
...A new 3-bed home can be built for less than £100,000 and most of England’s existing housing stock — poorly maintained, and energy-inefficient as it is — is worth far less....
...He said the government was “making clear that the new system will not [be] implemented until sufficient progress has been made improving courts”, and that it was putting £1.2mn towards “court digitisation...
...This comes as average UK house prices decreased 0.2 per cent in the year to February to £281,000, having fallen 1.3 per cent in January....
...In Yorkshire and the Humber, just 4 per cent of homes fall into the bracket, while the north-east has no markets over the level....
...The company increased its total revenue by 5 per cent to £147mn and adjusted operating profit by 2 per cent to £14mn....
...British Land said its office vacancy rate was about 4 per cent, half the London average....
...Between 2006 and 2020, the proportion of city residents who own their home shrank 7.1 percentage points to 53.5 per cent....
...Prices rose 1 per cent month-on-month in March....
...It added that the government was spending £2.4bn to help people at risk of homelessness and support rough sleepers, including £220mn to fund thousands of beds and specialist support services through local...
...Vacancy rates at British Land’s flagship Broadgate development are 3 per cent. Employers, it seems, are hoping that shiny new canteens and gardens will entice their teams back....
...Bristol, Exeter and Glasgow had the highest level of rents among university locations, with rents in Glasgow climbing by 20.4 per cent over the past two years....
...Hedge fund Citadel and its sister firm, market-maker Citadel Securities, have agreed to pre-let at least 250,000 sq ft, or a third of the space, at 2 Finsbury Avenue....
...He owns 1.83 per cent of the company, according to FactSet data....
...It is secured against Jadestone’s main producing assets and is bound to a financial covenant for a maximum total debt of 3.5 times adjusted cash profits....
...Hammerson has been working to repurpose spaces formerly occupied by traditional “anchor tenants” like Debenhams or House of Fraser by breaking up the large units and leasing them to multiple tenants....
...The previous peak in London’s rental problem was in 2017, when the ratio of rental prices to wages reached 50.3 per cent....
...“Prices have never been as high as Paris and London, but I think we are at a tipping point. A three bed that would have gone for €2,750 a month last year is now €4,000.”...
...Transactions in the first half of the year dropped to £1.9bn, down from £2.5bn a year earlier, according to Cushman & Wakefield data....
...The company increased its total revenue 5 per cent to £147mn and adjusted operating profit by 2 per cent to £14mn....
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