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Fine & Country launches in Romania
Fine & Country opened a new office in Bucharest, Romania on 28th November.
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Manning Stainton supports local club
Manning Stainton’s Beeston branch provided Middleton Park FC Under 8s with an impressive new green and black playing strip as part of its Community Support Programme.
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154 reasons why your landlords need more help
There are at least 154 reasons why your landlords need more help than they think, says Adam Walker, so your first job is to tell them what they are!
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A new home for Cameron
Cameron , an agency with two branches in West London, has a new home in West Drayton...
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Researchers do our Location, Location, Location, research says Kirstie
Have you ever been impressed by how TV presenters Phil Spencer and Kirstie Allsopp are so knowledgeable about each property featured on their Channel 4 show? If the answer is yes, then we’re sorry to say you’ve been hoodwinked. After 17 years on our screens it turns out the pair don’t do any of the research into the properties they take house hunters to view during Location, Location, Location. The revelation came after Kirstie appeared at a recent Daily Telegraph-sponsored public event at which she was asked during a Q&A with audience members about where she got her detailed knowledge about the properties and the local markets. And it turns out the programme’s researchers do all the property research and give the pair their air of authority. Location, Location, Location Kirstie said at the event that the producer and director of the show draw up a list of 80 properties for the home hunters to view and then go and visit 30 of them, while Kirstie and Phil visit the three or four properties they are filmed in during each programme. She also revealed that she and Phil came up with the idea for Location, Location, Location but ended up…
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Foxtons founder sells flats through former rival
If you’re wondering what Foxtons founder Jon Hunt has been doing with the £375 million fortune he amassed after he sold the estate agent to venture capital firm BC Ventures ten years ago, then the answer is – property development. Jon is currently selling a plot of land in Vauxhall, London that his property company Ocubis, which he owns through his development business Heven, recently gained planning permission for. But rather than sell it through his old firm the development site, which is near the MI5 building at 34-36 Albert Embankment (pictured), is being sold by one of his former rivals in the sales market, Strutt & Parker, it has been reported. Valued for sale at £50 million, the development is to include 166 apartments within two 25-storey towers but also include office and commercial units. Planning development The London Borough of Lambeth has granted detailed planning permission for the development, which will replace both a careworn Texaco garage and one of the Albert Embankment’s last Victorian warehouses, Vintage House. As well as the two residential towers, the site will eventually include 22,000 sq ft of commercial space and 1,500 sq ft of retail, including a café. The warehouse is…
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OnTheMarket agents vote overwhelmingly to demutualise and float
OnTheMarket is to demutualise and float on the stock market following a vote by its agent members. It is also to drop its controversial ‘one other portal rule’ and will now attempt to raise £50m from City investors. Nearly 90% of agent members of the website’s operator Agents’ Mutual voted to convert their existing membership interests into shares in a new company called OnTheMarket Ltd. Agents’ Mutual says 70% of members voted in person at the meeting in London yesterday or by proxy. After the vote is approved by a court hearing early week the demutualisation will then proceed on 12th September, and following an initial IPO on the Alternative Investment Market (AIM) it is expected that some £50m will be raised by offering investors a minority stake in the new business. Advertising campaign This will value OnTheMarket at between £200 and £250 million. The money raise is to be used to take on Rightmove and Zoopla with a huge national advertising campaign on TV, digital and print media as well as significant radio and billboard activity. “I am very pleased at such a resounding demonstration of broad Member support for our strategic proposals for the business,” says Ian Springett,…
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easyProperty claims to be largest Purplebricks rival following relaunch
EasyProperty has relaunched its business following the merger with the Guild of Property Professionals and now claims to be the second largest hybrid agent in the UK after Purplebricks. The company has also finished merging its lead generation, sales progression and negotiation platform with the Guild. Now, vendors who enquire via the new easyProperty website will be funnelled through to the relevant local property expert, who will be a dedicated member of staff from the local licensee’s high street branch. Easyproperty says this way there will be a clear difference between a licensee’s high street brand and the easyProperty hybrid offering, unlike Countrywide’s approach of offering both services locally on the same website. So far easyProperty says it has 333 signed-up licensees and 368 consumer-facing local property professionals who are currently undergoing training with former Hatched founder Adam Day. “Today is when we move to delivery our product to the consumer after three months of work,” says easyProperty Chief Executive Jon Cooke. “Consumer behaviour is changing and we are adapting to what [they] want – for us, it’s all about technology and people.” EasyProperty has also revealed a new structure with private equity and banking specialist Mark Phillips appointed as…
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