Construction and Property
ONS house prices: have we reached peak London?
London property has finally peaked - official figures show house price growth in the capital slower than any other region
London Skyline
Real Estate, Infrastructure, Construction and Engineering
Tel: 020 7745 6240 Web: www.capstone-recruitment.com
- Capstone Property Recruitment
- London, United Kingdom
- About Capstone - Leading International Property Recruitment Consultants Capstone was established in 2009 by experienced recruiters and industry professionals who have worked within the property and construction market since 1997. Our team recruits all types of professionals spanning the property life cycle including all real estate functions, construction & engineering and infrastructure. We recruit at all levels from recently qualified professionals through to Director level. Capstone’s success is a result of strong partnering relationships built over many years within the sector representing candidates and clients from all backgrounds. Capstone’s deep industry knowledge coupled with a drive for quality and living and breathing the industry sets us apart.
Tuesday, 18 November 2014
Business to Business Sales - Commercial Property
Capstone Recruitment - Jobs
Business to Business Sales - Commercial Property
Capstone Property Recruitment are recruiting a business to business sale person to join a commercial property advisory specialising in all aspects of Office Agency. The role will be within their development team working with the new business team to build the companies position in the market.The role will involve:Business-to-business sales supporting the new business team by making companies aware of our servicesNew business generationProcessing internal sales opportunitiesWorking as part of a...
Location: London
Work Type: Permanent
Salary: £18000 - £25000 per annum + commission
Location: London
Work Type: Permanent
Salary: £18000 - £25000 per annum + commission
British Land backs London property
Construction and Property
British Land backs London property
Developer British Land reports increasing demand for London offices and luxury homes
Savills: Mansion tax worries are dampening the London property market
Construction and Property
Savills: Mansion tax worries are dampening the London property market
Upmarket estate agent warns that buyers are cautious about purchasing homes worth more than £2m in case Labour wins the next general election
Monday, 17 November 2014
Q3 2014 EMEA retail property investment trends
View all news - Cushman & Wakefield
Q3 2014 EMEA retail property investment trends
Retail property is in strong demand across most of Europe and investors are not only turning to new markets but also taking on more risk as they seek out opportunities. Volumes rose 25% in the last year to their highest since Q2 2008, taking market share from other sectors and putting more pressure on prices. Shopping centre yields are down 26 basis points in the past 12 months, now averaging 6.1% across Europe.
C&W and BAR exclusively mandated to sell Vienna's €500m Wien Mitte
Global real estate adviser Cushman & Wakefield and Austrian agent Bareal Immobilientreuhand GmbH (BAR) have been exclusively mandated to sell Wien Mitte, the largest state-of-the-art shopping centre and office complex in Vienna.
Battersea’s Covent Garden Market to get ‘facelift’ in £2bn regeneration plan
Construction industry | The Guardian
Battersea’s Covent Garden Market to get ‘facelift’ in £2bn regeneration plan
New tube line for London area on cards as planning permission granted for new homes at Nine Elms fruit and vegetable market
The Nine Elms area in Battersea, south-west London, has been given a double boost, with the wholesale market granted planning permission for a significant facelift, including the construction of 3,000 homes, and the transport secretary approving a £1bn connecting Underground line.
New Covent Garden Market, Britain’s biggest wholesale market, which has been central to fruit, vegetable and flower sales in the capital since 1974 and is owned by the taxpayer, is to be revamped in a 10-year project costing £2bn.
Continue reading...Police ‘covered up’ links with union blacklisting
Leaked minutes show senior officer met group targeting union activists
Scotland Yard has been accused of seeking to cover up its involvement in the blacklisting of more than 3,200 construction workers following the emergence of minutes of a meeting between a senior officer in its anti-extremism unit and the organisation running the list.
The leaked document proves that as late as 2008 a detective chief inspector in the National Extremism Tactical Coordination Unit (Netcu) briefed members of the Consulting Association, the secretive organisation that ran the blacklist keeping people out of work for decades. The association, which had a database of 3,213 names on which it held information, was raided and closed in 2009 by the Information Commissioner’s Office, but not before it destroyed the professional and personal lives of thousands of workers, according to those on the list.
Continue reading...Merkel warns eurozone is very fragile as EC cuts growth forecasts -- business live
Rolling business and finance news, as the EC admits that eurozone growth will be even slower than previously hoped
Latest: EC autumn forecasts show slower growthUK construction growth hit five-month low5.42pm GMT
Cuts to the European Commission’s growth forecasts, a rise in the US trade deficit and the supposed spats at the ECB have all combined to send shares lower again. So despite the Japanese market hitting a seven year high overnight, investors ended up in cautious mood once more. The final scores showed:
5.27pm GMT
Over in Greece, senior officials are admitting that far from being erased, corruption - widely seen as the root cause of the nation’s lack of competitiveness - is still rampant. Helena Smith reports from Athens:
It was the affliction that, more than any, was meant to have been eradicated with the enforcement of reforms demanded in return for bailout funds. But attending the opening of new offices for the country’s recently appointed anti-corruption czar today, the deputy prime minister Evangelos Venizelos announced that the scourge was not only alive, it was still pervasive at the highest echelons of power in Greece.
4.51pm GMT
And some commentary on the supposed Draghi disputes. Christopher Vecchio, currency analyst at DailyFX said:
While we weren’t expecting a Fed-styled, sovereign QE program from the ECB this week, the rumours emerging today are nothing short of astounding. Reports have surfaced that ECB President Mario Draghi faces a small scale mutiny, with many national central banks feeling that they’ve been left out of the loop for determining monetary policy. This is important because there could be up to 10 policymakers (of the 24 reps) that would vote against a sovereign QE.
Even as recent economic data has slowed its rate of erosion, the spectre of additional stimulus from the ECB has remained as a heavy burden for the euro. Traders have piled into euro short positions in recent weeks, and now there is the second largest short position among speculators since July 2012 – the week before euro/dollar bottomed at $1.2041. If a Fed-styled QE program is now seen as even more unlikely given president Draghi’s recently revealed unpopularity, we must not discount the potential of a euro short covering rally around the ECB rate decision on Thursday and the US non-farm payrolls report on Friday.
4.29pm GMT
More from the Reuters story on Mario Draghi, and there is some interesting colour in the tale:
At times, Draghi has appeared to pay little attention to national governors’ comments in the monthly rate-setting meeting after chief economist Peter Praet and board member Benoit Coeure report on the economic situation and financial markets.
“He sits there with these three mobile phones in front of him and sometimes he’s sending text messages or going out to make or take phone calls,” one source usually in the room said. On at least one occasion, a national governor has skipped his turn to speak because Draghi was not present.
After her intervention, Draghi and Weidmann met last week to try to clear the air but they did not resolve all their policy differences, the source said.
Merkel’s office declined comment on her reported meeting with Draghi, and neither the ECB nor the Bundesbank would comment on whether Draghi and Weidmann met last week.
4.07pm GMT
Ahead of the European Central Bank’s meeting this week, there are reports of disagreements between some members and ECB president Mario Draghi.
It had been widely suggested that Germany was not keen on some of Draghi’s proposals for stimulus measures to boost the flagging eurozone economy. But now Reuters writes:
National central bankers in the euro area plan to challenge European Central Bank chief Mario Draghi on Wednesday over what they see as his secretive management style and erratic communication and will urge him to act more collegially, ECB sources said.
The bankers are particularly angered that Draghi effectively set a target for increasing the ECB’s balance sheet immediately after the policy-making governing council explicitly agreed not to make any figure public, the sources said.
ECB press conference on Thursday will be interesting
3.28pm GMT
And to catch up some earlier news, Chinese e-commerce business Alibaba has reported a better than expected 54% rise in revenues for the three months to the end of September.
The company, which floated in September and is now worth more than Facebook at nearly $250bn, said net profit grew 16% to $1.1bn. But after a rise in share based compensation costs, profits fell 39% to $494m. Nor would the company give guidance for future earnings.
3.16pm GMT
In the corporate world, Rolls-Royce has just announced 2,600 job cuts and the departure of its finance director. My colleague Rupert Neate writes:
Rolls-Royce has announced it is cutting 2,600 jobs – mostly in its aerospace division – within the next 18 months as well as the sudden departure of its finance director.
The company, which employs 24,800 workers in Britain out of 55,200 worldwide, said technological changes had enabled it to “increase output and improve efficiency”.
3.09pm GMT
Back with the US trade figures, and overseas weakness rather than dollar strength is more likely to be responsible for the dip in exports, said Rob Carnell at ING Bank. He said:
The US trade deficit slipped back a bit wider in September – following months where the trend has been for narrowing. This was not a petroleum story - the ex-petroleum deficit widened from $26.863bn to $29.028bn, more or less the same move as the total deficit ($39.991bn in August out to $43.032bn in September). This could strip off 0.2 percentage points from the 3.5% advance third quarter GDP release, assuming no offsetting moves from other aspects of the GDP release.
The wider deficit was mainly the result of weak exports, not strong imports, and most of this occurred on the goods side, not services. It is possible that the dollar’s strength has already begun to weigh on exports, but in our view, overseas economic weakness is a far more plausible explanation for the export dip. This back-step in the trade data may take the shine off the dollar for a short while, though the underlying story for dollar strength remains intact, and is likely to be bolstered by data out later in the week, including, importantly, non-farm payrolls on Friday.
2.56pm GMT
Time for a round-up.
The European Commission has warned that the eurozone economy is struggling to grow, after slashing its GDP forecasts over the next two years.
In the second half of this year, GDP growth in the EU is set to be very modest, while in the euro area it will almost stagnate.
Among the largest euro area Member States, we see growth increasing in Spain where unemployment remains very high, growth coming to a stop in Germany after a very strong first quarter, protracted stagnation in France, and contraction in Italy.
The economic and employment situation is not improving fast enough.
“The situation in the euro zone remains extremely fragile.”
We want to stick to the Stability and Growth Pact. This is also about growth and that is why we must reject a debate about austerity against growth. This is mistaken and takes us no further.”
2.47pm GMT
Over in Dublin’, “Desperate Housewives’ actress Eva Longoria has declined to endorse Hilary Clinton as the Democrats next Presidential candidate.
Longoria was one of the star speakers at today’s Web Summit in Dublin where she shared a stage with Jemima Khan.
Khan asked if her if she would back Hilary Clinton for the presidency given that she had supported her husband and then President Obama.
2.03pm GMT
Enda Kenny has also appeared on CNBC, and claimed that the closure of the notorious double-Irish tax loophole* in 2020 won’t hurt the economy.
Irish PM on ending "double Irish" tax loophole: "We want companies who are incorporated here, won't have impact on investment"
1.59pm GMT
Back in Dublin, prime minister Enda Kenny has arrived at the Web Summit and will be (remotely) ringing the opening bell of the Nasdaq exchange later.
Just arrived at @WebSummitHQ to ring the @NASDAQ bell. Tune in live from 2.00pm https://t.co/jVtiWMuO3A #websummit pic.twitter.com/2FNuMIsRSV
1.44pm GMT
Just in... the US trade deficit has widened unexpectedly after exports fell to a five-month low.
The gap between what America imports and exports jumped by 7% in September to $43.03bn.
US #trade deficit increased 7.6% to $43.03 billion in September ($39.99 billion in August)
US-China Sept trade deficit record USD 35.56bln
1.33pm GMT
German chancellor Angela Merkel has warned that the eurozone remains a fragile place, but continues to resist pressure to spend more to encourage growth.
“The situation in the euro zone remains extremely fragile.”
“Investment is needed but not with new borrowing,”
“[The goal of a balanced budget] is seen as excessive saving. But in light of the demographic challenges in Germany, it’s ... simply sensible behaviour.”
1.06pm GMT
Nicholas Ebisch, currency analyst at Caxton FX, says the EC has now recognised that its economic growth situation is worsening -- something investors realised some time ago....
This news today has not affected the currency markets much, as euro weakness has already been priced into the market. The dovish rhetoric from the ECB over the last month or two has lowered expectations for the Eurozone, so this news of a downgrade have not lead to significant selling.
12.20pm GMT
On a lighter note..... there are red faces at CNBC today after their business show anchor, Joe Kernen, was baffled to learn that Ireland uses the euro.
11.58am GMT
Jubilation that Ireland will be the fastest growing member of the EU this year was tempered by an embarrassing glitch on day one of the Web Summit in Dublin’s RDS conference centre (preview here)
Henry McDonald reports that:
The event’s free wi fi system is not up to speed and many participants are complaining they cannot get on line.
Web Summit founder co-founder Paddy Cosgrove admits “it’s incredibly disappointing” and has put the blame on the RDS for the wi fi breakdown.
11.52am GMT
Today’s EC Autumn Forecast is quite gloomy about Germany, whose growth forecast in 2015 has been almost halved, from 2% to 1.1%.
The EC is concerned that private investment has slowed - one reason that growth went into reverse this spring.
“Geopolitical tension and concerns about economic developments in important trading partners may have triggered a wait-and-see attitude among firms,”
“However, as domestic and external demand pick up, geopolitical and other external uncertainty decreases and favourable financing conditions hold, corporate investment should resume its recovery in 2015.”
11.27am GMT
The European Commission’s new Autumn Forecasts are online here - and there’s even a Vine to accompany them.....
11.18am GMT
Is Europe’s €300bn investment plan really big enough to stimulate growth in the region?
Commissioner Katainen says that politicians must ask why private firms are not prepared to invest in Europe -- reforming their economies might make them more attractive.
11.15am GMT
.@jyrkikatainen: Even though medicine was bad tasting, very hard for ordinary citizens, Ireland did what was necessary, regained confidence
11.14am GMT
Another fine question -- what lessons can we learn from the fact that Finland, one of the main supporters of eurozone austerity, is now expected to grow very slowly next year?
Looking back a few years - who would have lent money to the countries at risk if they had not committed to reducing their borrowing?
Those who say the budget consolidation was wrong -- who do they think would have lent to those countries?
11.03am GMT
How can we trust these new forecasts, given the previous ones were wrong?
Excellent question.
Can we trust @EU_Commission economic forecasts? "Nobody knows," says @jyrkikatainen optimistically.
1st public dispute between @pierremoscovici & @jyrkikatainen? Mosco seems to think @EU_Commission econ forecasts may be reliable this time
10.55am GMT
Pierre Moscovici says he is planning to visit Greece soon, probably before the next meeting of eurozone finance ministers in early December.
That eurogroup meeting could be a significant moment in the crisis - ministers might agree a new precautionary credit line for Athens, to kick in when its bailout ends next year.
#Moscovici: my first bilateral visit will be to Greece, before 8 Dec, #Katainen adds he will also go
10.51am GMT
Commissioners Katainen and Moscovici argue that there is enough flexibility in the eurozone rules for struggling countries.
.@pierremoscovici says @EU_Commission thinks #eurozone not facing "exceptional" econ sit. No "get out of jail free" for #France, #Italy then
#Katainen: rules are relatively flexible depending on economic environment in member states, core flexibility around structural adjustment
10.48am GMT
Next question -- Can Germany still be a growth engine for the eurozone?
Commissioner Katainen says that Germany can still play a significant role in stimulating the European economy.
10.47am GMT
Nous devons prendre nos responsabilités à Bruxelles et ds les pays membres,pour la croissance et l'emploi #ECForecast pic.twitter.com/x9fXG7LO8S
10.44am GMT
#Katainen cannot really explain why €area is performing so weakly.
10.40am GMT
Pierre Moscovici says the recent European elections show that the public can lose faith in the European project:
EU Commissioner Moscovici warns 'people could despair of European project'. Stabilisation necessary but Europe needs results on growth/jobs
10.38am GMT
Bruno Waterfield of the Daily Telegraph asks why membership of the eurozone leads to higher unemployment and lower growth rates.
Commissioner Jyrki Katainen denies that the euro itself is to blame. Instead, he pins the blame on the financial markets.
The financial markets did not do their job properly...they were lending money to all member states at similar rates.
10.32am GMT
A Spanish reporter points out that the EC has also cut its growth forecast for Spain next year, from 2.1% to 1.7%.
10.32am GMT
Moscovici: we will be working at full speed to put in place the EU's €300bn investment program which will be of decisive importance
10.31am GMT
Moscovici concludes his statement in Brussels by insisting there is no ‘magic bullet’. Governments must work closely together, and their first priority is to boost investment and kick start growth.
EU governments must mobilise both demand and supply-side policies to support the recovery in growth and employment. #ECForecast
10.29am GMT
Commissioner Moscovici explains that France and Italy will only see very modest recoveries next year.
France will suffer from a ‘subdued pace’ of private consumption, and contracting investment.
EU sees v modest recovery in France/Italy. 'Very slow growth' in France in 2015 of 0.7%. Italy will return to growth next yr but only 0.6%
Over-view of EU economy. Reduction in deficits set to continue. Debt to reach peak next year but strong risks of stagnation.
10.25am GMT
Commissioner Pierre Moscovici (the former French finance minister) has warned that there is no “single, simple answer” to the challenges facing the European economy.
Moscovici adds:
“We must all assume our responsibilities, in Brussels, in national capitals and in our regions, to generate higher growth and deliver a real boost to employment for our citizens.”
#Moscovici: low investment has been on of the main causes of low growth, still considerably lower than pre crisis
10.23am GMT
The EC has also slashed its growth forecast for this year, to just 0.8%
EU cuts eurozone growth forecast for this year to 0.8% from 1.2%, and 2015's to to 1.1% from 1.7% http://t.co/81OCWmU0z0
10.20am GMT
Katainen says that the UK will probably grow at 3.1% this year, or almost four times faster than the eurozone average of 0.8%.
Ireland will be the fastest-growing member of the EU, he adds, at 4.6%.
Acc to @EU_Commission autumn forecast Irish real GDP growth will be 4.6pc in 2014, 3.6pc in 2015 and 3.7pc in 2016
10.18am GMT
European commissioner Jyrki Katainen is explaining today’s autumn forecasts now.
He says eurozone growth forecasts were revised down due to the weakening European economy, and the impact of geopolitical crises (such as Ukraine, I imagine).
“Looking ahead we can see a gradual recovery”
10.13am GMT
Over in Brussels, the European Commission has just slashed its forecasts for growth and inflation.
It also warned that unemployment will remain at its current high levels for longer than previously hoped.
“The slowdown in Europe has occurred as the legacy of the global financial and economic crisis lingers,”
“We see growth ... coming to a stop in Germany ... protracted stagnation in France and contraction in Italy,”
Among biggest #eurozone forecast 2015 GDP downgrades from @EU_Commission: #Germany, from 2% to 1.1%. Also #France, from 1.5% to 0.7%.
10.02am GMT
Despite the slowing growth in UK construction, sub-contractors managed to drive up their hourly pay rates at a “near-record” pace, according to CIPS.
“With the volume increases we’ve been achieving, it’s naturally putting a strain on the trades that are available.”
“The turnover ... is very quick and we’re struggling to put more stock on the ground.”
9.58am GMT
David Noble, CEO at the Chartered Institute of Procurement & Supply, points out that UK builders still face a challenge getting new supplies -- a sign of robust demand.
“This month the construction sector maintained an impressive growth trajectory and true grit with continuing strong levels of new business, albeit at a slower pace.
“Though it appears that the euphoria of the last few months is now settling down to a slightly more modest level of expansion, delivery times continue to lengthen and suppliers of raw materials are in high demand, making the completion of construction projects more challenging and showing how the number of available suppliers has not yet reached pre-recession levels.
9.53am GMT
And on a long-term view, Britain’s construction sector is still enjoying one of its best periods in years (the higher the PMI, the stronger the growth)
UK construction hits 5-month low! But, look at the last 10 years instead? http://t.co/fzFhsYHVzl pic.twitter.com/mZCNpXBPeo
9.48am GMT
There is good news in today’s survey -- UK construction firms still took on more staff last month. And more than half expect to grow their output over the next 12 months.
But still, the slowing growth suggests that the tighter mortgage lending rules, and the prospect of interest rate rises, are hitting housebuilders.
“October’s survey provides the first indication that the chill winds blowing across the UK housing market have started to weigh on the booming residential building sector.
“House building activity still increased at a strong pace overall, but the sharp growth slowdown since this summer reflects greater caution towards new development projects amid tighter mortgage lending conditions and renewed uncertainties about the demand outlook.”
9.36am GMT
Pound drops after the weaker-than-expected construction data pic.twitter.com/aOuxKfEdyG
9.34am GMT
Growth in the UK construction sector has hit a five-month low, as housing activity growth slows sharply.
That’s according to the monthly Purchasing Managers Index survey just released by data firm Markit’s.
9.28am GMT
The Geek shall inherit the Irish earth this week with the opening of one of the biggest tech-summits on the planet in the Republic’s capital, as Henry McDonald reports from Dublin:
Some of the biggest players in the technology world will be at the Web Summit in Dublin this morning with more than 18,000 visitors from 109 countries attending.
Among those mingling with the hi-tech industry will be U2’s Bono, ‘Desperate Housewives’ star Eva Longoria and Rio Ferdinand.
Rumours that Bono is standing outside the RDS with free copies of the U2 album are proving to be unfounded so far. #WebSummit2014
The Republic’s tourism body Failte Ireland estimate that the influx of techno-entrepreneurs, inventors and investors will generate €79 million in advertising revenue alone for the country as well as an injection of millions in hotel bookings with 13,000 rooms booked across 87 venues in Dublin.
A number of new foreign investments into the Irish hi-tech sector are expected to be announced this week at the summit by Taoiseach Enda Kenny.
9.09am GMT
Stock market flotations are back on the agenda in the City, in a sign that confidence is returning after last month’s volatility.
“Given more stable market conditions, we now plan to move forward with our IPO.”
Posh tonic maker #Fevertree puts extra fizz in IPO market - announces £154m Aim float
8.53am GMT
*SPAIN OCT. JOBLESS DATA SHOW ECONOMIC IMPROVEMENT, GUINDOS SAYS
8.52am GMT
The number of unemployed people in Spain rose by 79,000 in October, according to figures released this morning, worse than the 73,000 expected.
But on a seasonally adjusted basis, it actually fell by 19,393 people. That’s the biggest decline for an October in 16 years, according to the Labour Ministry.
This is the largest decrease in seasonally adjusted unemployment in the month of October since 1998.
Spain unemployment continues to fall, sa drop of 19k in Oct. Unadjusted UP 79k. pic.twitter.com/9nghcrrvFv
8.42am GMT
The unseasonably warm UK autumn hasn’t hurt discount fashion chain Primark, unlike some of its more upmarket rivals.
Primark’s sales and profits are up around 10% in the last six weeks, according to the boss of its parent company, AB Foods.
“I’m really not concerned (by the weather) and we haven’t had to delay or cancel any orders,”
“Yes, there’s been an (weather) effect, but ... every year you get unseasonal weather at some point.”
8.25am GMT
Shares in German fashion group Hugo Boss have tumbled by 6.5% in early trading after it hit investors with a profit warning.
“Over the last few weeks, our business has been increasingly feeling the effects of the weak performance of the sector in Europe and uncertainties in Asia.”
8.19am GMT
There’s a new sheriff in town. Well, in Europe’s banking sector, anyway.
The European Central Bank has just taken “supervisory responsibility” for banks in the euro area, following last month’s stress tests and asset quality reviews.
Today the @ECB becomes direct supervisor of most of Europe's banking system #RegimeChange #BankingUnion
8.07am GMT
The Tokyo stock market rally came as prime minister Shinzo Abe welcomed the Bank of Japan’s new stimulus measures.
He told a parliamentary session that the BoJ’s plan to create an additional 10 to 20 trillion yen per year had been “broadly welcomed” by the financial markets.
8.00am GMT
The Japanese stock market has surged to new seven-year highs today, as the stimulus measures announced by the Bank of Japan on Friday cheer investors.
Inflatie. #Print RT @W7VOA: #Japan’s benchmark stock index closes the day at 7-year high after 536 point surge (~3.3%). #Nikkei
“The impact of the BOJ’s additional easing was big, so it couldn’t be priced in during just one day....There is a risk in not holding Japanese shares, and those that sold them off will have to buy them back.”
“This is changing the risk-weighting psyche. You can’t ignore a $1.2 trillion fund.”
8.00am GMT
Good morning, and welcome to our rolling coverage of the financial markets, the world economy, business and the eurozone.
Coming up today....
Autumn Economic Forecast #ECForecast press conference at 11:00 today. Live on EbS http://t.co/FQNuo9xswh w. @jyrkikatainen @pierremoscovici
Equities set to extend dip, resource-related shares in focus as iron ore drops to near 5-yr lows and Brent crude falls to $84 a barrel.
“On present indications, the most prudent course is likely to be a period of stability in interest rates.”
Continue reading...Construction industry takes a nose dive as new home approvals fall by 11%
Economists say slowdown in high-density dwellings to blame for poor result, but overall market may bounce back
The number of new homes approved for construction has experienced a sharp downturn.
Official figures showed building approvals fell 11% in September, much worse than the 1% fall economists had been expecting.
Continue reading...Oxford ‘struck by housing shortfalls, top prices and rising rents’
Investors, first-time buyers and wealthy vying for homes while city council identifies need for 30,000 new dwellings
Oxford’s local council acknowledges that in the year between April 2013 and last April not a single affordable home was built in the city.
In a city where average house prices are just shy of £270,000, this is a big problem. More than 45,000 people commute to Oxford daily, many travelling because they cannot afford to live near their workplace. The roads are congested and many people find themselves, in their 30s, living in houseshares.
Continue reading...Refurbished office building eyes up new talent
News & Publications
Refurbished office building eyes up new talent
Eight new companies have been attracted to Gemini House at Groundwell in Swindon since the first phase of its major refurbishment programme was completed. A new reception area and totally overhauled communal internal courtyard have helped to lift the property which now offers good quality offices in a tranquil setting. In addition, the offices have been fully redecorated and new wc and kitchenette facilities provided.
Construction and Property
Revealed: The only London borough where asking prices are lower than 12 months ago
Prices are down 3.7pc in one borough as concerns grow over a cooling property market
Friday, 14 November 2014
UK Asset Manager
Capstone Recruitment - Jobs
UK Asset Manager
Capstone Property Recruitment have been instructed to recruit an UK Asset Manager to join a dynamic real estate fund based in the City of London. The company has c. ?2.3 billion of assets under management with equity committed by over 60 institutional investors.Due to the continued expansion of its activities in the United Kingdom, my client is looking for an experienced Asset Manager to join their London team. The person will assist in the growth and maximisation of returns to the UK portfolio...
Location: London, City of London
Work Type: Permanent
Salary: £45000 - £60000 per annum + pension and healthcare
Location: London, City of London
Work Type: Permanent
Salary: £45000 - £60000 per annum + pension and healthcare
Sue Cooper wins WISE Champion Award for diversity drive at Atkins - 14 November 2014
RSS feed of Media News - Atkins UK and Europe
Sue Cooper wins WISE Champion Award for diversity drive at Atkins - 14 November 2014
Sue Cooper has won the WISE (Women in to Science and Engineering) Champion Award for leading policies and practices which have supported the recruitment and retention of female engineers within Atkins, where she was HR Director for UK and Europe.
Capstone Recruitment - Jobs
Residential Valuation Surveyor
Capstone property recruitment have been instructed to recruit a qualified Chartered Valuer for a leading West End firm. The requirement comes about due to growth from their existing client base. It is an ideal position for a recently qualified Valuer to progress their career.Requirements -MRICSExperience in valuations of commercial and/or residential property.Good communication skills and experience of delivering a customer focussed approach to businessGood report writing skillsUnderstanding of...
Location: London, City of London
Work Type: Permanent
Salary: £35000 - £45000 per annum + e.g. car, pension, negotiable
Location: London, City of London
Work Type: Permanent
Salary: £35000 - £45000 per annum + e.g. car, pension, negotiable
Business Development - Occupier Services
Capstone Property recruitment have been instructed to recruit a Senior Surveyor to join a Global Consultancy to work within Business Development in Corporate Occupier Services. The primary purpose of the role is to identify both new sale opportunities as well as build on existing relationships.The role will require working with and making the appropriate introductions of sector heads and teams to set up the delivery of client projects while remaining free from the responsibility of day to day...
Location: London
Work Type: Permanent
Salary: £30000 - £45000 per annum + package
Location: London
Work Type: Permanent
Salary: £30000 - £45000 per annum + package
Analyst
Capstone Property Recruitment have been instructed to recruit a Senior Analyst to join a dynamic real estate fund based in the City of London. The company has c. ?2.3 billion of assets under management with equity committed by over 60 institutional investors. The Group has c. EUR 2.3 billion of assets under management with equity committed by over 60 institutional investors. Key tasks :Property Modelling: potential new acquisitions; on-going asset management (business plan) initiatives;...
Location: London, City of London
Work Type: Permanent
Salary: £45000.00 - £60000 per annum + pension, private healthcare
Location: London, City of London
Work Type: Permanent
Salary: £45000.00 - £60000 per annum + pension, private healthcare
Surveyor / Senior Surveyor - Property and Asset Management
Capstone have been instructed to recruit a Surveyor to join a global practice to undertake day to day management for a Central London portfolio of buildings for a high profile institutional client.RequirementsIdeally MRICS qualified.The position will require strong client relationship skills and a keen eye for detailPractical understanding of commercial property and asset management essentialGood working knowledge of Microsoft Word, Excel and Outlook essential.Must have strong verbal and...
Location: London, City of London
Work Type: Permanent
Salary: £38000.00 - £50000 per annum + e.g. car, pension,
Location: London, City of London
Work Type: Permanent
Salary: £38000.00 - £50000 per annum + e.g. car, pension,
Kier Property charity challenge raises £24k in four hours
Press Release - RSS - Kier
Kier Property charity challenge raises £24k in four hours
Property professionals' wallets may be feeling a little on the light side this week after they raised £24,000 for charity in just four hours.
Associate BS (MRICS)
Capstone Recruitment - Jobs
Associate BS (MRICS)
Capstone is currently recruiting on behalf of one London's
leading Real Estate organisations. Our client is growing their
Building Surveying team due to an enormous amount of opportunities
available to them from their outstanding client base; they require
an individual to join and build their already reputable Building
Surveying department.
Our client is seeking an Associate Building Surveyor; ideally
you will be degree educated with 4+ years' experience of Building
Surveying in a...
Location: London
Work Type: Permanent
Salary: £55000.00 - £65000.00 per annum + benefits
leading Real Estate organisations. Our client is growing their
Building Surveying team due to an enormous amount of opportunities
available to them from their outstanding client base; they require
an individual to join and build their already reputable Building
Surveying department.
Our client is seeking an Associate Building Surveyor; ideally
you will be degree educated with 4+ years' experience of Building
Surveying in a...
Location: London
Work Type: Permanent
Salary: £55000.00 - £65000.00 per annum + benefits
Senior Cost Manager
Capstone Recruitment - Jobs
Senior Cost Manager
Our client is a private property development and advisory company with a specific focus on high quality residential property development, predominantly in Central London. Our client also specialise in planning optimisation of residential schemes and active real estate asset management to produce enhanced returns. The current need is to bring a Quantity Surveyor on to manage the external QS Consultants. This is a client side opportunity to work for a prestigious residential developer who prides...
Location: London
Work Type: Permanent
Salary: £50000.00 - £70000.00 per annum + Bonus
Location: London
Work Type: Permanent
Salary: £50000.00 - £70000.00 per annum + Bonus
Director - Cost Management
Capstone Recruitment - Jobs
Director - Cost Management
MRICS Director Quantity Surveyor - London
Capstone is looking on behalf of a global real estate
consultancy for a Director level Quantity Surveyor for the
Manchester region. Our client operates within the Corporate Real
Estate, Residential and Leisure sectors, so experience within core
buildings is essential.
You will have a proven track record of delivering multi million
pound projects within a Consultancy/PQS environment, be confident
and able to stand on your own two feet with...
Location: Greater Manchester, Manchester
Work Type: Permanent
Salary: £60000.00 - £80000.00 per annum + Bonus
Capstone is looking on behalf of a global real estate
consultancy for a Director level Quantity Surveyor for the
Manchester region. Our client operates within the Corporate Real
Estate, Residential and Leisure sectors, so experience within core
buildings is essential.
You will have a proven track record of delivering multi million
pound projects within a Consultancy/PQS environment, be confident
and able to stand on your own two feet with...
Location: Greater Manchester, Manchester
Work Type: Permanent
Salary: £60000.00 - £80000.00 per annum + Bonus
Thursday, 13 November 2014
Batterseas Covent Garden Market to get facelift in £2bn regeneration plan
Construction industry | The Guardian
Batterseas Covent Garden Market to get facelift in £2bn regeneration plan
New tube line for London area on cards as planning permission granted for new homes at Nine Elms fruit and vegetable market
The Nine Elms area in Battersea, south-west London, has been given a double boost, with the wholesale market granted planning permission for a significant facelift, including the construction of 3,000 homes, and the transport secretary approving a £1bn connecting Underground line.
New Covent Garden Market, Britains biggest wholesale market, which has been central to fruit, vegetable and flower sales in the capital since 1974 and is owned by the taxpayer, is to be revamped in a 10-year project costing £2bn.
Continue reading...Senior Quantity Surveyor
Capstone Recruitment - Jobs
Senior Quantity Surveyor
<tbody> One of the UK's top Cost Consultancies is looking for Senior Quantity Surveyors and Commercial Managers to lead the growth of their infrastructure business.Our client is rapidly generating an exciting pipeline of work in the rail, utilities and highways sectors. Consequently there is an overall need to expand the team with bright, ambitious Senior Quantity Surveyors and Associate Directors who will lead the delivery of these iconic projects and grow their own teams. Ideally you...
Location: London, City of London
Work Type: Permanent
Salary: £0.00 per annum
Location: London, City of London
Work Type: Permanent
Salary: £0.00 per annum
Senior Asset Manager
Working for a leading Real Estate Fund which is a rapidly expanding with a total value (including cash) of over £1.5bn. The UK Property Fund invests in all sectors of commercial property, both directly and through REITs and Derivatives. Out-performance has been maintained through innovative stock selection and a consistent record of strong asset management delivery. The successful candidate will be instrumental in driving performance in one of the flagship funds and will have plenty of scope...
Location: London, City of London
Work Type: Permanent
Salary: £65000.00 per annum + car allowance + excellent pension
Location: London, City of London
Work Type: Permanent
Salary: £65000.00 per annum + car allowance + excellent pension
Construction and Property
Atkins: Our part in Britain's 'roads revolution'
Engineering consultancy Atkins reports profit rise and targets role in £15bn plan to improve UK roads
Graduate Quantity Surveyor - Rail Sector
Capstone Recruitment - Jobs
Graduate Quantity Surveyor - Rail Sector
Capstone is currently recruiting on behalf of a leading civil engineering contractor, who seek Graduate Quantity Surveyors to join their London based rail team.Our client is currently leading on a major rail framework encompassing permanent way, light civils, heavy civils, signalling and building work . There are currently a number of requirements for Graduate Quantity Surveyors to join the team.In order to be considered you must either have a good degree or MSc in Quantity Surveying or...
Location: London
Work Type: Permanent
Salary: £20000 - £30000 per annum
Location: London
Work Type: Permanent
Salary: £20000 - £30000 per annum
Wednesday, 12 November 2014
Chartered Building Surveyor
Capstone Recruitment - Jobs
Chartered Building Surveyor
Capstone is working on behalf of one of the leading consultancies in property service both in London and nationwide. Our client is growing their building surveying department due to enormous amounts of opportunities available to them. The company has a collegial atmosphere and the cohesive environment is still maintained although the team is growing.Our client is seeking two newly chartered Building Surveyors, the role covers all aspects of building surveying allowing a large breadth of work to...
Location: London
Work Type: Permanent
Salary: £35000 - £45000 per annum + benefits
Location: London
Work Type: Permanent
Salary: £35000 - £45000 per annum + benefits
Ratings Surveyor
Ratings Surveyor- West London- £35000- £40000 pa A leading international property consultancy is seeking a Ratings Surveyor to join the West London office. As the Ratings Surveyor you will be responsible for undertaking rating appeals of properties spanning all asset classes focusing on West of London and the North Home Counties. In order to be considered you will be required:- - Be MRICS Qualified- Have some business rates experience For more information or to be considered for this role please...
Location: London, City of London
Work Type: Permanent
Salary: £30000 - £40000 per annum + car, pension, negotiable
Location: London, City of London
Work Type: Permanent
Salary: £30000 - £40000 per annum + car, pension, negotiable
Clientside Property Manager
Capstone Recruitment - Jobs
Clientside Property Manager
Capstone Property Recruitment have been instructed to recruit and MRICS Commercial Property Manager to work for a well-established and high profile Landlord based in central London. This is an exciting opportunity for an experienced property manager to take the next step in their career and gain valuable experience in a client-side role.The purpose of the role will be toDevelop and maintain and build professional relationship with tenantsContribute to the setting and management of annual service...
Location: London
Work Type: Permanent
Salary: £30000 - £45000 per annum
Location: London
Work Type: Permanent
Salary: £30000 - £45000 per annum
Tuesday, 11 November 2014
URS awarded five-year engineering program renewal by ConocoPhillips Alaska
News + Media - News + Media
Land Securities profits from property boom
Construction and Property
Gerald Eve
GERALD EVE ANNOUNCES NEW SENIOR PARTNER AND ADDITIONS TO THE BOARD
Following a period of significant growth, Gerald Eve LLP is set to build on recent success as it looks towards further expansion.
Simon Prichard, currently a board member and head of the firm’s City office, will become Gerald Eve’s senior partner with effect from 6th April 2015. He will take over managerial responsibility from the current senior partner, Hugh Bullock.
Bullock will become chairman of Gerald Eve and will continue to head its market-leading planning and development practice.
In addition, Richard Moir and Lisa Webb will be joining the board.
Prichard said: “I am extremely proud of what has been collectively achieved by the firm in recent years, providing a strong foundation on which to build. I am very much looking forward to embracing the challenges, opportunities and responsibilities of being Senior Partner at what is a very exciting time for the business.”
Hugh Bullock added: “Simon is the natural choice to lead the firm going forward. I am delighted to continue working with him and the Board and our clients over the coming years.”
Simon Prichard opened Gerald Eve’s City office in 1998. He is currently a member of Gerald Eve’s board with responsibility for business development. Prichard was previously at the niche city agency, Wright Oliphant.
Monday, 10 November 2014
C&W and BAR exclusively mandated to sell Vienna's €500m Wien Mitte
View all news - Cushman & Wakefield
Saturday, 8 November 2014
Wednesday, 5 November 2014
CBRE Appoint New Head of EMEA Retail Research and Consulting
CBRE Europe, Middle East and Africa News
Tuesday, 4 November 2014
Merkel warns eurozone is very fragile as EC cuts growth forecasts -- business live
Construction industry | The Guardian
Press Office
View all news - Cushman & Wakefield
Atkins engineers bring the profession to life for students across the UK - 3 November 2014
RSS feed of Media News - Atkins UK and Europe
Atkins engineers bring the profession to life for students across the UK - 3 November 2014
Construction industry | The Guardian
Japanese Nikkei hits new seven-year high on QE enthusiasm - business live
Construction industry | The Guardian
Monday, 3 November 2014
Out-of-town and HS2 boost for West Midlands office market
View all news - Cushman & Wakefield
C&W exclusively mandated by Investire Immobiliare SGR for sale of prominent Rome office building
Atkins maintains course after training over 1,000 delegates in ship safety management - 10 October 2014
RSS feed of Media News - Atkins UK and Europe
Atkins maintains course after training over 1,000 delegates in ship safety management - 10 October 2014
Consumers Want Convenience and a Social Experience When Choosing Where to Shop
CBRE Europe, Middle East and Africa News
Cushman & Wakefield Appoints Peter Best to Lead Regent Street Management Direct
View all news - Cushman & Wakefield
Sunday, 2 November 2014
Construction industry takes a nose dive as new home approvals fall by 11%
Construction industry | The Guardian
Construction industry takes a nose dive as new home approvals fall by 11%
Construction industry | The Guardian
Saturday, 1 November 2014
Friday, 31 October 2014
Thursday, 30 October 2014
Kier and Enfield Council to secure first council housing for 30 years
Press Release - RSS - Kier
Press Releases
Capstone Recruitment - Jobs
CBRE Acquires PSM Center Management To Expand Retail Real Estate Capabilities In Switzerland
CBRE Europe, Middle East and Africa News
CBRE Acquires PSM Center Management To Expand Retail Real Estate Capabilities In Switzerland
Wednesday, 29 October 2014
Hannah McNamara wins 'Women of the Future' award
View all news - Cushman & Wakefield
Capstone Recruitment - Jobs
GOVERNMENT REVEALS 2017 BUSINESS RATES REVALUATION DATE
Gerald Eve
GOVERNMENT REVEALS 2017 BUSINESS RATES REVALUATION DATE
• April 1st 2015 laid before Parliament as date for next revaluation
• Leading expert criticises two-year delay before new values will affect rates bills
April 1st 2015 has been revealed as the valuation date for business rates assessments from 2017 onwards, with the necessary statutory instrument laid before Parliament yesterday (28th October, link). Responding to the announcement, Jerry Schurder, head of business rates at Gerald Eve, said:
“Having been critical of the postponement by two years of the 2015 revaluation, business will welcome this tangible commitment from the Government to finally bring rates bills more into line with current economic realities.
“The business rates burden will be more fairly split from 2017 onwards and struggling Rochdale retailers will no longer be subsidising the luxury brands of Regent Street.
“But with modern technology, it should no longer be necessary for there to be two years between the valuation date and the issuing of updated business rates bills.
“The whole point of a revaluation is to ensure rates bills reflect the property rental market and the wider economic climate – a gap of two years between valuation and implementation only reduces the chances that the bills will represent businesses’ ability to pay.
“The overwhelming business response to the Government’s ongoing review of business rates administration was that the gap should be shortened to one year and revaluations should occur more frequently.
“By announcing the valuation date as April 1st 2015, the Government has missed its first opportunity to deliver on the administration review’s commitment to ‘strengthen the system’s responsiveness to changes in property values’ and ‘to enable tax assessments to be based on up-to-date property values’.”
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