Hammerson sells off penultimate office asset
Hammerson moved a step closer to becoming the UK’s largest retail property specialist on Monday after selling the last but one asset in its once sprawling office portfolio The group…
Castle Trust eyes cash-strapped homebuyers
The former head of the City watchdog is to chair a new company that offers cash-strapped homebuyers interest-free loans in return for a big slice of any future house sale…
Turkey in push to attract Arab investors
At the centre of a Turkish bid to get hundreds of millions of dollars from the Gulf is a mound of reddish brown earth, bordered by Istanbul’s financial district, a…
JPMorgan snaps up Europe mortgage bonds
JPMorgan has snapped up three quarters of the first European commercial mortgage bond launched since the financial crisis in a deal that heralds the return of a vital source of…
Realogy sets terms for $1bn share offering
Realogy Holdings, owned by private equity group Apollo Global Management, has set the terms of a $1bn share offering as it prepares to kick-off its roadshow next week. The US…
‘Pensions for property’ plans slated
Parents could soon have another way to help their children get onto the property ladder under proposals to use pension savings as security for their child’s mortgage, although the so-called…
Mixed fortunes for our foursome
Kevin Goldstein-Jackson, down 7.5 per cent My portfolio has disappointed so far, down 7.5 per cent largely due to the share price falls at gold miner Avocet . Another major…
US mortgage rates hit all-time lows
US home loan borrowing rates have fallen to record lows and the mortgage securities market is on the cusp of converging with benchmark 10-year Treasury yields as investors prepare for…
EU companies write off €76bn of goodwill
European companies were much more bearish about the value of their past acquisitions last year, reporting out their biggest goodwill impairments since the financial crisis. Members of the Stoxx Europe…
Mortgage lending rises markedly
Banks and building societies upped their mortgage lending over the summer and expect to provide more credit to British households over the course of the rest of year, according to…
Housebuilders rise above housing downturn
©Bloomberg House prices are falling, mortgage lending is stagnant and the economy is in recession for the second time in three years – yet housebuilders are reporting record increases in…
Grow taller and give your career a boost
It will amaze no one that China plans to build the world’s tallest building in just three months, but the people’s republic is also building taller children, too. There are…
Homebuyer confidence helps Lennar’s sales
Net profits at housebuilder Lennar quadrupled in the third quarter, as Americans became more confident about making purchases while prices remain stable and mortgage rates low. Net income in the…
Shares in Orchid suspended
The directors of Orchid, the Bulgarian-focused property developer, asked on Monday for shares to be suspended in the London-listed company as they tried to secure new funds and pay down…
For creativity, forget the funky office
The other day I took part in an event at the spanking new Google headquarters in Covent Garden. Like the company’s other offices, this one caters for every need that…