Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Donald Trump’s Mar-a-Lago residence raided by FBI agents
    • Xi Jinping grasps ‘knife’ of internal security to complete grip on power
    • China extends military drills around Taiwan and ramps up propaganda
    • Norway set to curb electricity exports in blow to European energy supplies
    • Tech sector tax windfall shores up Ireland’s economy against recession
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • Carlyle’s chief executive resigns after breakdown in contract talks
      • BioNTech and Pfizer to begin vaccine clinical trial for new Covid variants
      • Corporate America fumes over Biden’s tax and climate package
      • London’s ‘magic circle’ law firms make renewed bid to crack US
      • Investors sell stakes in buyout funds at a record pace
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
      Most Read
      • Live news updates from August 8: China continues military drills around Taiwan, Falling tech stocks send SoftBank to $23.3bn loss
      • Investors sell stakes in buyout funds at a record pace
      • Energy companies urge UK to detoxify gas exports to EU
      • Live news updates: Russian oil flow halted through Druzhba pipeline to central Europe
      • US stocks tick lower as traders assess outlook for rate rises
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • Dangerous fatalism about a US-China war
      • Bad news for Big Tech
      • Where have all the UK’s self-employed gone?
      • Demography is not destiny
      • Embattled Trump fans dig in at Michigan county fair
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Can a city be redesigned for the new world of work?
      • Brompton’s Will Butler-Adams: ‘People have no idea what goes into a product. That’s not a good thing’
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • Gentle parenting, yes or no? FT readers respond
      • Five of the best places in London for ‘free-from’ pastries
      • 10 reasons to love London this August
      • The anxious generation — what’s bothering Britain’s schoolchildren?
      • The best new watersports gear
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Your guide to a disrupted world

    Start a 4-week trial

    George Hammond

    Property Correspondent
    Email George Hammond @GeorgeNHammond  on Twitter (link opens in a new browser window)
    Email George Hammond @GeorgeNHammond  on Twitter (link opens in a new browser window)

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Tuesday, 9 August, 2022
      IWG PLC
      Office provider IWG shaken as recession fears weigh on recovery

      Group’s shares fall 10% as analysts warn about falling demand for new space

      2 hours ago
    • Sunday, 7 August, 2022
      The Big Read
      The end of the warehouse bubble

      The pandemic put industrial sheds at centre stage of commercial real estate, but they are now suffering from rate rises and cooling demand

    • Tuesday, 2 August, 2022
      Purplebricks Group PLC
      Purplebricks swings to loss despite post-lockdown sales surge

      Online-only estate agent warned it is not likely to break even until 2024

    • Sunday, 31 July, 2022
      UK property
      UK launches property register to curb flow of £100bn ‘dirty money’

      Initiative will require anonymous foreign owners or buyers to reveal their identity

    • Sunday, 31 July, 2022
      UK prime property
      Christian Candy sells ‘Candyland’ estate for £125mn

      Property tycoon disposes of luxurious complex located west of London

    • Friday, 29 July, 2022
      UK infrastructure
      Housing development in England under threat as electricity capacity nears limits

      Data centres, which can use as much energy as thousands of homes, put London and the south-east at particular risk

    • Thursday, 28 July, 2022
      Hammerson PLC
      Hammerson scores first profit in 5 years as mall values bottom out

      Shopping centre group’s shares jump 10% having dropped 90% since 2017

    • Thursday, 28 July, 2022
      UK business & economy
      West London faces new homes ban as electricity grid hits capacity

      Greater London Authority warns developers that upgrade might take more than a decade

    • Wednesday, 27 July, 2022
      Unite Group PLC
      Unite Group profits buoyed by overseas students

      International appeal of higher education means landlord is attractive despite wider property downturn

    • Monday, 25 July, 2022
      Property sector
      London office sector faces major ‘reset’ as sales drop sharply

      Jump in UK base rate makes borrowing more costly for debt-reliant buyers

    • Friday, 22 July, 2022
      Property sector
      Sales of £5mn-plus London homes hit record level

      Wealthy investors seek sanctuary in bricks and mortar amid choppy markets

    • Thursday, 21 July, 2022
      Pollution
      Housebuilders criticise plans to boost supply in polluted areas of England

      More action is needed to tackle ‘very real issue of polluted rivers’, town planners warn

    • Tuesday, 19 July, 2022
      Banco Santander SA
      Banks and insurers boost UK staff pay to combat cost of living

      Santander, Virgin Money and Visa are among the latest to offer rises or bonuses to employees

    • Monday, 18 July, 2022
      Climate change
      Britain feels the heat as it braces for record 40C temperatures

      Transport, schools, hospitals and power grid disrupted amid warnings thermometers will rise further

    • Monday, 18 July, 2022
      Commercial property
      Property developers bet on City of London’s appeal with new towers

      French group Axa and Zakay brothers push ahead with projects despite slow return of office workers

    • Sunday, 17 July, 2022
      News in-depthUK business & economy
      Housebuilders hit out at UK rules to protect waterways

      Developers complain guidance to tackle dangerous levels of nutrients in waterways is making projects unviable

    • Friday, 15 July, 2022
      Grenfell Tower disaster
      Landmark English court ruling finds contractor liable for cost of removing unsafe cladding

      Housing association awarded damages for remedial work on tower blocks in wake of Grenfell fire

    • Friday, 8 July, 2022
      Vistry Group PLC
      Vistry stays upbeat on robust demand for new homes

      UK homebuilder forecasts full-year profit to be at top end of guidance even as economic woes intensify

    • Thursday, 7 July, 2022
      Property sector
      Greystar raises fresh funds as residential rental investment surges past €30bn

      Money floods into part of property market regarded as best protection against inflation

    • Wednesday, 6 July, 2022
      Property sector
      Property set to cool as investors face ‘new paradigm’, Brookfield warns

      Canadian private equity firm’s Europe boss says rising rates and economic gloom are rapidly slowing the sector

    • Tuesday, 5 July, 2022
      UK property
      UBS sublets London office ‘grey space’ as more staff work from home

      Swiss bank has allowed two-thirds of 73,000 global employees to work flexibly permanently

    • Friday, 1 July, 2022
      UK property
      Vatican suffers £100mn-plus loss on Knightsbridge office sale

      London estate agents puzzled by decline in value for prime property on Sloane Avenue

    • Monday, 27 June, 2022
      Property sector
      Record number of companies sign first London office leases

      Demand from start-ups and groups moving to city allays Covid fears

    • Friday, 24 June, 2022
      News in-depthProperty sector
      Rising rates raise prospect of property crash

      Homeowners, landlords and investors spooked as end of ultra-cheap debt sends prices sliding

    • Wednesday, 22 June, 2022
      Berkeley Group Holdings PLC
      Supply of new-build London housing could halve, says Berkeley chief

      Rising construction costs and development taxes to worsen already severe crunch

    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

    Tools

    PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition
    • Top sections
    • Home
    • World
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
      • Australia & NZ
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
    • Markets
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports
    • FT recommends
    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • FTfm
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Community
      • FT Live
      • FT Forums
      • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In