Knight Frank is reporting this week the total volume of hotel investment transactions in the UK increased by 90% in 2014, reaching an impressive eight year high of £4.3 billion ($6.5 billion).
According to CBRE, the European Central Bank (ECB) unveiled a EUR 1.1 trillion quantitative easing package to stimulate the Eurozone economy for the next 18 months and this will have a mixed impact on the APAC real estate market.
Market conditions are now firmly in the landlords' favour. High levels of take-up and constrained development activity over recent years have seen vacancy rates drop dramatically from their 2009 peaks.
British Land and GIC have submitted a planning application for the refurbishment and extension of 100 Liverpool Street, to create an as new building totaling around 515,000 sq ft of office and retail space
The one-bedroom apartment, in Knightsbridge, costs 56 times the average house price in England and Wales and has been dubbed the 'ultimate pied-a-terre'
Britain's most expensive one-bedroom flat has gone on the market for £10 million.
Spain’s richest and world’s fourth wealthiest Amancio Ortega has purchased the headquarters of multinational mining and metal group Rio Tinto located in the heart of London, reports Property Week. The founder of Inditex is said to have paid around £265 million, or €335 million.
‘Looking ahead to 2015 we expect that total returns will remain in double figures, but that rental growth will make a larger contribution. The recovery in the economy combined with low levels of development means that the balance between demand and supply is now swinging in favour of landlords and we anticipate that rental growth will accelerate,’ explained Owen.
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