BP to sell London headquarters for $332 million to Lifestyle International, Real Estate News, ET RealEstate

LONDON: BP has agreed to sell its London headquarters for 250 million pounds ($332 million), a spokesman said on Friday, the latest in a string of disposals as the British energy company shifts to low-carbon energy. BP also agreed to lease 1 St James’s Square in central London back from Hong Kong-based property investment company […]

Workspace Group swings to loss as customers downsize due to virus crisis, Real Estate News, ET RealEstate

Representative Image BENGALURU: Workspace Group on Wednesday swung to a first-half loss and pushed back a decision on full-year dividend as the office space provider struggled with a rise in customers vacating and downsizing due to the coronavirus crisis. Work-from-home policies and the economic fallout from the pandemic have hurt margins for office space providers […]

At Rs 1,400 crore, Lodha UK’s home sale costliest in London in 2020, Real Estate News, ET RealEstate

MUMBAI: Lodha UK on Sunday said it sold a penthouse and two apartments on the lower floor to an anonymous buyer in its London project recently for £140 million (around Rs 1,400 crore). The property, No. 1 Grosvenor Square, is located in the upscale Mayfair Enclave, near the United States Embassy and Hyde Park. The […]

UK’s PM promises lower deposits to boost home ownership, Real Estate News, ET RealEstate

LONDON: British Prime Minister Boris Johnson pledged on Tuesday to make it easier for first-time homebuyers to take out a mortgage, in an effort to overturn “disgraceful” low rates of home ownership among young people. “We need now to take forward one of the key proposals of our manifesto of 2019: giving young first-time buyers […]

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