Karen Day
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Bonus expectations rise in London
Bonus expectations are on the rise among employees at financial services companies within the U.K. capital, with managing directors anticipating a 21% rise in their bonuses to an average £124,680.
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Sun Hung Kai Properties’ shares jump after trial
Hong-Kong listed real estate company Sun Hung Kai Properties’ shares jumped as much as 3.3% following the end of a corruption trial involving its co-chairmen.
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Henderson hires banks for John Laing IPO
Private equity firm Henderson has hired HSBC and Barclays as it plans an initial public offering for its John Laing business, which it has owned for seven years.
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Two markets for Russian buyers in London
Russian buyers are pulling out of the high-end London property market, with sales of homes costing £5 million or below being hit by a 70% decrease in the number of…
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Canary Wharf shareholder urges Songbird to accept bid
A major shareholder in Canary Wharf Group, which is 70% owned by Songbird, has urged the latter to accept a takeover bid by the Qatar Investment Authority and Brookfield consortium,…
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U.K. retail sales jump
Retail sales jumped 6.4% on the year in November in volume terms, the highest rise since May 2004, data from the Office for National Statistics showed.
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Private developers behind higher home starts
New home starts rose 8% in the three months ended November, to a total of 37,222, according to figures from the National House Building Council.
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Local authority funding to fall
Local councils in England and Wales are set to see £2.6 billion chopped from their funding in 2015-16.
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Minecraft creator buys Beverly Hills home
Markus Persson, the designer of the Minecraft video game, has spent $70 million on a home in Beverly Hills.
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Anbang Insurance adds property stake
Anbang Insurance Group and affiliates have increased their holding in property company Financial Street to 20%.
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Blackstone, CIMB invest in Singapore property market
New York-based private equity firm Blackstone Group and CIMB Bank of Malaysia will provide S$469 million of financing for a luxury hotel, retail and residential development by Singapore’s City Developments…
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Japan’s Sparx to list REIT
Japanese asset manager Sparx Group is looking to create a real estate investment trust with assets of around 30 billion yen.