5 Of The Largest Commercial Property Sales of The Year So Far

Rathbone Square £435m || 419,700sqft || 4.25% Yield Rathbone Square, via burofour.com The most expensive sale of 2017 so far saw Great Portland Estates sell the freehold of Rathbone Square in Fitzrovia. The mixed-use development, which is due to complete in March this year, was sold to Rathbone Place Jersey Limited – an entity owned by Gesellschaft […]

Housing White Paper: A Snapshot

On Tuesday the Department for Communities and Local Government unveiled its housing white paper on “Fixing our broken housing market”. Prime Minister Theresa May writes in her foreword that “our broken housing market is one of the greatest barriers to progress in Britain today”, and the 106-page document outlines Government plans to correct this. The paper […]

The End Of HIP's

The newly formed coalition between the Lib Dem and the Conservative Party followed a long-held pledge of the latter to remove the requirement for homeowners in England and Wales to provide home information packs (HIPs) when selling their homes. Eric Pickles, the Communities secretary and housing minister Grant Shapps announced that they have cancelled HIPs […]

Plans For Stamp Duty Cut Aim To Boost Returns For Private Rented Sector

According to the Property Industry Alliance a potential cut of the stamp duty land tax could increase returns from residential funds by as much as 150 basis points over the next three years. Moreover, the PIA, which also includes organizations such as the RICS and the British Property Federation, believes that currently, the SDLT rules […]

Qatari Diar Introduces Chelsea Barracks Master Plan

Qatari Diar Real Estate Investment Company has unveiled its initial “masterplan concept” for the redevelopment of London’s 12.8-acre Chelsea Barracks site. The company met various community and resident groups last week for the first of a series of local meetings and consultation exercises. Qatari Diar said the Dixon Jones, Squire & Partners and Kim Wilkie Associates-designed masterplan […]

The Ruler Of Qatar To Appear In The Upcoming Court Case Involving Chelsea Barracks And The Candy Brothers.

The case of CPC Group against their former partners, Qatari Diar, has taken a dramatic turn, as the court urges Sheikh Hamad Bin Khalifa Al-Thani, who is the emirate’s ruler and chairman of Chelsea Barracks owner Qatari Diar to testify or the application at the centre of the case will be withdrawn. Judge Peter Smith […]

Apartments At One Hyde Park Back On The Market

After a 12 month long pause, the Candy Brothers along with their Qatari partners in Project Grande, the company that owns One Hyde Park, announced that the remaining 43, of the original 86 properties, are back on the market. Despite all the exclusive and one of a kind amenities they had to offer, such as […]

Stamp Duty To Be Blamed For Falling Residential Yields

The combination of rising house prices and falling rents caused the residential yields to fall to their lowest level for 18 months in January. Residential yields fell to 4.75% last month which marked the lowest level since August 2008, according to the latest Buy-to-Let Index from LSL Property Services. Yields had peaked at 5.1% in […]

New Regulations for Sale-and-Rent-Back Customers

Under the new Financial Services Authority (FSA) guidance, coming into force on 30th June, sale-and-rent-back customers will have a guaranteed tenure of at least five years. In addition they will also be given a two-week period at the point of sale in which they can reconsider their decision. This new regulation has been designed, in […]

House Builder Challenging Affordable Housing Quotas

Barratt Developments plc recently lost a challenge against Wakefield council. The developer claimed that the council’s requirement for 30% affordable housing did not adhere to national and regional legislation, which required the council to take into account changing economic circumstances and provide flexibility when determining housing policy quotas. Despite losing their challenge, the case raises some […]