Category: Estates
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Tourist Tax Diverts Wealthy Visitors from London to Paris and Milan, Claims Cadogan Estates Boss
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The UK’s “tourist tax” is driving wealthy international visitors away from London to destinations such as France, Italy and Spain, according to Hugh Seaborn, chief executive of Cadogan Estates, one of London’s largest landowners. Seaborn, whose company owns 90 acres of prime land in Chelsea, including Sloane Street and King’s…
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London Office Market Poised for Recovery as Great Portland Estates Seeks £350m Investment
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Great Portland Estates (GPE) is urging shareholders to support a £350m fundraising initiative to capitalize on what it sees as the bottoming out of the commercial property market. The funds will be used to purchase and develop further office space in London, and take opportunities to purchase high-quality assets at…