INDUSTRY NEWS

Four buyers listed for Metropole

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The list of bidders hoping to secure Crown Estate’s Metropole building in the West End has shortened to just four. Stanhope, backed by Singapore real estate CapitaLand, and Exemplar, which is funded by Morgan Stanley Real Estate Funds (MSREF) are the two English companies currently left in the bidding. Ballymore, an Irish developer who is […]

INDUSTRY NEWS

Barratt to develop in Lewisham

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Barratt has been picked as the preferred developer for the redevelopment of Loampit Vale in Lewisham. The town centre regeneration project will cost £226 million and will include a state of the art leisure centre – as well as 958 new homes. An Olympic-sized swimming pool, a gym and a café will all be housed […]

INDUSTRY NEWS

Mapeley announces pre-tax loss

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Mapeley has reported that it registered a hefty pre-tax loss from operations over the nine months to September 30th – despite the fact that its gains from funds from operations went up by 16.7 per cent over the same period. The company specialises in providing commercial property management services to firms with large real estate […]

INDUSTRY NEWS

Commercial property deals ‘lacking liability cover’

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A significant proportion of commercial property transactions are suffering from a lack of adequate liability cover, it has been claimed. Home information pack (Hips) provider Richards Gray says that around ten per cent of such transactions have insufficient cover – leaving firms with commercial mortgages at risk of losing considerable sums of money. A large […]