Property NEWS

Redrow secures takeover panel extension as firm bids fail to emerge

British housebuilder Redrow Plc (LON:RDW) said that at its request the UK Takeover Panel extended until 18 October the deadline for Bridgemere Securities Limited in concert with funds Toscafund Asset Management LLP and … Continue reading “Redrow secures takeover panel extension as firm bids fail to emerge”


UK house prices rise three times the rate of wage inflation

House prices in the UK have continued to stretch further away from the reach of millions of workers, a new study confirmed today. Research from the National Housing Federation shows that house prices … Continue reading “UK house prices rise three times the rate of wage inflation”


Qatar-based investor buys 45% stake in UK luxury property firm Native Land

British luxury real estate developer Native Land said a Gulf-based investor had acquired a 45% stake in it, but did not disclose its name or the amount paid for the shares. As a … Continue reading “Qatar-based investor buys 45% stake in UK luxury property firm Native Land”


Growth slows in UK service sector in June

Growth in the UK’s service sector slowed down in June, with weak demand and the extra holidays for the Queen’s Diamond Jubilee weighing on activity, a new survey showed today. The Purchasing Managers’ … Continue reading “Growth slows in UK service sector in June”


Britain’s young people to struggle to get on the property ladder

The UK’s dwindling stocks of affordable housing has often been called a crisis. But in the report Housing options and solutions for young people in 2020 the Joseph Rowntree Foundation (JRF) says things will only … Continue reading “Britain’s young people to struggle to get on the property ladder”


AIG’s German arm increases offer for property firm AIRE

AIG Century GmbH & Co KGaA, part of US insurance major American International Group Inc (NYSE:AIG), said on Friday it had increased its voluntary offer to take full control of German real estate … Continue reading “AIG’s German arm increases offer for property firm AIRE”


Sponsor Ceberus takes Isle of Man-based Spaymill out of receivership

US private equity firm Cerberus Capital Management LP said today it had inked a deal to take Isle of Man-based, pan-German residential investor Speymill Deutsche Immobilien Company plc (LON:SDIC) out of receivership. The … Continue reading “Sponsor Ceberus takes Isle of Man-based Spaymill out of receivership”


UK home repossession levels stable in first quarter, CML reports

Home repossessions in the UK in the first quarter of 2012 amounted to 9,600, the same as in the first quarter of 2011, the Council of Mortgage Lenders (CML) reported today. This puts … Continue reading “UK home repossession levels stable in first quarter, CML reports”


UK Green Economy Lags Behind Following Launch Of Europe’s Most Advanced Eco Village

UK-based Oxford Sustainable Group, Europe’s largest renewable energy and sustainable development business, has announced the launch of Oxford Park, the most advanced sustainable village in Europe. Located near Tallinn, Estonia, the £170m project … Continue reading “UK Green Economy Lags Behind Following Launch Of Europe’s Most Advanced Eco Village”


Claim Back Bank Charges And Mis-Sold PPI To Pay For Misused Mobile Phone Bills

New research has revealed that many Brits are misusing their mobile phone deals and in fact are losing out hundreds of pounds a year. Findings by Billmonitor, a price comparison calculator site, show … Continue reading “Claim Back Bank Charges And Mis-Sold PPI To Pay For Misused Mobile Phone Bills”


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