Developers

Housebuilders Persimmon Plc have appointed Claire Thomas as an independent non-executive Director as from 1 August. She will also serve on the company's Remuneration and Nomination Committees. Thomas has been Senior Vice President…
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“It’s not for sale. No part is for sale. It’s being turned around. Of course it’s not for sale.”Paul Creffield, Group Managing Director - Countrywide Those are the words of Paul Creffield, group managing director at Countrywide, and now…
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DAMAC International has secured a finance package of £175m to help progress its DAMAC Tower development at Nine Elms, London. The finance will be provided by lead bank Barclays plus Burgan Bank and Emirates NBD, together with an equity…
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Property tycoon Nick Candy is facing a £1.5bn legal claim, it is reported. A story in the Daily Mail says that the claim is being made by company director Michael Brown who was involved with a prospective sale of Candy’s £160m penthouse…
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They were symbols of London’s post-Millennium property heyday and proof that when it comes to designing homes for foreign oligarchs, nothing succeeds like excess. But what happened to Nick and Christian Candy, the Brothers Bling who…
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Help to Buy has been one of the most extraordinary phenomena to emerge from the UK housing market over the past 50 years, comparable in its impact on how people buy homes only with Margaret Thatcher’s Right to Buy initiative during the…
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The 1,000 foot high so-called ‘tulip tower’ planned for the City of London has received planning consent. The tower, due to be completed by 2025, will incorporate internal slides and moving transparent pods for visitors to ride in. It…
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Grainger plc has been selected by Transport for London (TfL) as its preferred bidder for a strategic partnership to build over 3,000 new homes across eight sites in London. The homes, with a minimum of 40% affordable and…
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Former England and Chelsea footballer John Terry has been granted planning consent to demolish a Surrey mansion and develop two properties in its place. The Daily Mail reports that Terry purchased the property in Oxshott for £4.5m and…
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A planning application has been submitted for the proposed music and entertainment venue, MSG Sphere London, on part of the 2012 Olympic Games site at Stratford. The application has been submitted to the London Legacy Development…
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Sobha Realty is to open its new London HQ and Sobha Global Studio on Park Lane, Mayfair, on April 30. The new base is being established to enable Sobha Realty to enter the UK property market, undertake joint ventures with real…
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Housebuilder Crest Nicholson has appointed Galliford Try’s boss Peter Truscott to the position of Chief Executive. Truscott has left Galliford Try with immediate effect and will join Crest Nicholson in September when his current…
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Galliard Group has completed the conversion of the original Scotland Yard Metropolitan Police headquarters into a new luxury hotel. The development of the Great Scotland Yard Hotel has taken over three years to complete and will launch…
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The roll call of major property developers in the UK hasn't changed much since the expansion and acquisition boom during the 1980s created the commercial and residential giants that dominate the stock market today. But if 30-something…
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Housebuilder Persimmon is to introduce a homebuyer's retention clause into its contracts as part of its customer care improvement plan. The scheme, which Persimmon says is an industry first, means that 1.5% of the total home value can…
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DAMAC Properties, the Dubai-based developer, is looking to invest $660m (around £500m) in a new London project Chairman Hussain Sajwani has told Arabian Business. Sajwani said the company is looking for another major project to follow…
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