Friday 22 July 2011

Harry Potter Stars' Invest in Property

The young stars of the Harry Potter movie franchise have been spending their respective wealth by investing in property in the UK and abroad reports http://www.primelocation.com./  Harry Potter, in the guise of Daniel Radcliffe, has eschewed the attractions of Privet Drive and is said to have spent a tidy £11.2 million on investment properties, including a £3.5 million penthouse apartment overlooking the Hudson River in New York.

Rupert Grint who played the irrepressable Ron Weasley, has spent more than £9 million on three addresses and, whilst all are believed to be in the UK, it is thought The Burrow is not amongst them, whilst the very lovely Emma Watson has maintained her muggle roots and divided her investment portfolio of undisclosed value between Britain & France.

No details of the acquistions are available but it has to be assumed that they will be predominantly residential, rather than commercial investment properties.

Harry Potter and the Deathly Hallows 2, the last film in the series, was released in the UK on July 7th.

Friday 15 July 2011

The Property Empire of Satya Sai Baba

Following the death of Indian Guru and businessman Satya Sai Baba in April this year there has been much speculation about the future of the assets of his empire, including the vast property portfolio his organisation controlled.

The Guru who was always a controversial figure, famed for performing spectacular materialisations, was worshipped by millions of followers around the world and was said to have ammassed assets amounting to between $10 - 25 billion.  Certain of the assets based in India are now managed by an Indian based trust but this does not extend to any assets outside the continent.  The Trust manages two hospitals and a University amongst others, and the funds to continue to run these are provided by the interest accrued on the estimated $190 million cash reserves the trust controls.  The Goverment in Andhra Pradesh has asked the Trust to provide details of these various assets.

Outside India there are thought to be 1,200 Satya Sai Baba centres in 114 countries and countless other properties around the world about which little is known.  Undoubtedly Sai Baba's educational, charitable and philanthropic work will be continued by his followers for many years to come, but the task of unravelling the complex dealings of his empire may prove to be a challenging one.

Tuesday 5 July 2011

New Development agreed in City

A 500,000ft2 office development in the City has taken a significant step closer to reality with the granting of consent to the scheme by the City of London Planning and Transport Committee.  Hammerson’s 121 & 123 London Wall Place development will require the demolition of St Alphage House and will be built out in two towers, rising to 16 stories and will incorporate landscaped roof gardens, as well as extensive open spaces around London Wall and St Alphage's Church Tower , which remains.

Further bridges will be added to the Barbican’s famous highwalk system, which is retained, allowing easy access to all parts of the City

The scheme will prove a tricky project to undertake as the site is relatively constricted and is situated in the heart of the Barbican, which is well populated with local residents, many of whom are high profile.

It is expected the site will be built for completion in 2014 with full occupation to be achieved in 2015.

http://www.hammerson.com/