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The Latest Breaking News from Knight Frank

Empty plot of sand on luxury Dubai island sells for $34m

Former owner purchased plot of land for nearly $10m two years ago

The Independent UK

An empty plot of sand in Dubai just sold for $34 million

Its former owner, British fashion entrepreneur Umar Kamani, made a 242% profit in two years—though he never built anything on it.

Fortune

Major expansion for South Wales manufacturer Nu-Coat

The self-adhesive material firm has more than doubled in size with a move to a new operation at Avondale Industrial Estate

Birmingham Post

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Royal Quays Outlet shopping centre put up for sale after receivers appointed

The North Tyneside shopping centre is now on the market with a £4m price tag

Chronicle Live

Royal Quays Outlet shopping centre up for sale after receivers appointed

One of the receivers says the sale 'provides an excellent opportunity for a purchaser to build on its success'

Birmingham Post

The Americans are coming! How London is becoming America’s 51st state

The yanks are taking over the capital’s top hotels, restaurants, bars and neighbourhoods. Samuel Fishwick reports on the Empire State of London...

Evening Standard

Weak pound pushes up UK property sales

Property consultant Knight Frank Thailand expects a surge of more than 40% in sales of British real estate to Thai buyers, tallying 1 billion baht, with investors and currency the main factors.

Bangkok Post

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Welsh industrial property market rebounds in first quarter of the year

The level of activity was four times more than the final quarter of 2022

Birmingham Post

Average UK house prices have fallen for seven months in a row

House prices prices have dipped 4.6 per cent below their August peak.

Evening Standard

Average UK house prices have fallen for seven months in a row – Nationwide

House prices have dipped 4.6% below their August peak, according to Nationwide Building Society.

The Independent UK

Chinese investors buying up real estate in Phuket

Chinese investors are rushing to buy real estate in Phuket, snapping up condos, villas, shophouses and even durian orchards, according to property consultant Knight Frank Thailand.

Bangkok Post

Chinese investors snapping up real estate in Phuket

Chinese investors are rushing to buy real estate in Phuket, snapping up condos, villas, shophouses and durian orchards to cater to tourists from their own country, according to property consultant Knight Frank Thailand.

Bangkok Post

Specialist coffee shop opens seventh branch in Wales' tallest office building

The local coffee shop chain has taken a lease at Capital Tower on Greyfriars Road in the city centre

Wales Online

Coffee shop chain opens seventh outlet in Wales' tallest office building

Kin & Ilk has taken a lease at Capital Tower in the centre of Cardiff

Birmingham Post

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The Guardian - UK

UK house prices defy gloom with an average £3,000 rise

Latest Rightmove survey concludes market on ‘much more stable footing’ than many had thought

Birmingham Post

People on the move: North East appointments and promotions of the week

Companies announcing promotions this week include Azets, BDN, GSC Grays and Cleveland Containers

Insider UK

Edinburgh retail adapts following St James Quarter arrival

Traditional thoroughfares carve out own niches in city with one of the lowest vacancy rates in the UK

Fortune

Golden visas are ‘the tip of the iceberg’ as digital nomads and the ultra-wealthy flock to other countries

Thirteen percent of ultra-high net worth individuals are looking to get a second passport or citizenship, according to Knight Frank. But that's just the beginning.

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news in one place.

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Birmingham Post

Landmark Newcastle city centre office The Pioneer unveiled by developers

The 100,000sqft building is set over 10 storeys with indoor and outdoor workspace and 360 degree views across the city

Fortune

World’s ultra-rich suffered $10 trillion hit last year—but now is the time to be greedy, wealth report advises

The world's ultra-high-net-worth individuals have never been more keen to pay for the right to move to another country.

The Independent UK

London prices! Most expensive mansion ever on sale for record £250m

The property was put on the market by a Saudi prince after a £160 million loan secured by the owners expired

The Guardian - UK

Canada Water: first homes for sale in new £5.6bn London neighbourhood

British Land development will offer up to 3,000 new homes and offices with space for 20,000 workers

The Guardian - UK

World’s richest people lost total of $10tn in 2022, report finds

Triple shock of energy, economy and geopolitical issues caused biggest annual decline in ultra-wealth since 2010

Insider UK

Aberdeen industrial property take-up at highest since 2014

Energy sector spurs growth in city market

Evening Standard

Retailers on leading London shopping streets set to see £96m slashed from business rates bill

A number of central London retailers could see a significant decrease in their business rates liability in the West End, according to new research

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