Developer debt renders London flats unsellable
Seventeen leaseholders in an east London residential block have been unable to sell their properties for over a year due to an £850,000 debt owed by the building’s developer to…
Warehouse conversion market spans UK industrial cities
The market for warehouse conversions and loft apartments continues to attract buyers across the UK, with properties ranging from £525,000 to £1.5 million in former industrial buildings, according to current…
Chelsea mansion sells for reported £275m in record deal
Property developer Nick Candy has sold his Chelsea mansion for a reported £275 million, in what is believed to be the most expensive residential property transaction on record in London…
High-end treehouses emerge as property value addition
A growing number of residential properties in the UK now feature substantial treehouse structures that function as self-contained accommodation units, with some generating income through holiday letting arrangements. Analysis of…
iad UK and Avocado form strategic alliance
Two self-employed estate agency networks in the UK have announced a strategic alliance, though the exact nature of the deal remains unclear. iad UK and Avocado Property Agents confirmed the…
Letting platforms integrate to streamline tenancy processes
Three major providers in the UK lettings sector have announced an integration designed to automate tenancy management processes for letting agents. Let Alliance/HomeLet’s Vision+ platform has been integrated with property…
Pallas Capital provides £2m for Surrey assisted living scheme
Pallas Capital has provided £2,021,500 in development finance for a 16-unit assisted living scheme in Wallington, Surrey. The facility will refinance existing debt and fund ground-up construction over a 16-month…
Multi-stage bridge finances £23m City office portfolio
Real estate finance specialist SHC Capital has arranged a multi-stage bridging loan to fund the acquisition and refurbishment of four office freeholds in the City of London, in a transaction…
Over half of UK business leaders fear becoming obsolete in a rapidly evolving business world
More than two thirds of senior decision-makers within UK businesses experience work-related stress on a weekly basis, with concerns about remaining relevant and competent commonplace, according to new research by…
Avamore Capital provides £1.49m for office conversion
Avamore Capital has provided a £1.49m refurbishment loan for the conversion of office space into four residential flats, working with a repeat borrower on a leasehold development project. The facility…