View more on these topics

Fund will focus on Olympic sites

Rugby Estates is planning to set up an Olympic property fund for land and properties in London’s East End.

Over the next three years the property and asset management group plans to acquire up to 200m of industrial, commercial and residential assets throughout east London into Essex and south Suffolk for development in time for the 2012 games.

Since London secured the Olympic bid in July, estate agents have reported a significant rise of applicants expressing an interest in buying around proposed sporting venues.

It is estimated that house prices in the capital could rise by 66%, with properties in the East End increasing in value and desirability.

Andrew Wilson, chief executive of Rugby Estates, says the successful Olympic bid coupled with the improved infrastructure in the area make it a prime location and opportunity for investment.

He says: “We’re looking to invest in an area of London that has traditionally been undernourished and played second fiddle to the west of the city.

“But there is no reason benefits similar to those in west London can’t be enjoyed in the east.”


Optoma extends service range through Trigold

Optoma Broker Solutions has extended its service offering through the Trigold system, by offering key features documentation on all of its exclusive products, available for download. Optoma currently has more than 650 exclusive products listed on Trigold. Directly Authorised Intermediaries who submit business to Optoma can receive a free customized Prospector AAA sourcing system paid […]

Government tax proposal ‘flawed’ say RICS

The Government’s proposals on land tax reform are ‘seriously flawed’ says a Royal Institute of Chartered Surveyors report.The Planning Gain Supplement, advocated by Kate Barker in her report for government on housing supply, is seen as a means of funding infrastructure requirements. However, the RICS research suggests it is based on a misunderstanding of how […]

HIPs heat up energy debate

National Energy Saving Week, which starts on October 24, is set to fuel discussion about how consumers can cope with oil and gas price increases.The Energy Saving Trust estimates that households can already slash bills by 250 a year by adopting energy saving measures such as efficient installation, but potential savings could soon explode as […]

Outsourcing contracts shrink says TPI

Technology Partnerships International says that many companies are awarding smaller outsourcing contracts because of increased use of offshore locations. The latest quarterly index from the sourcing advisory firm shows the average value of larger contracts signed worldwide to date in 2005 is 183m, down by almost a quarter from 240m a year ago. The trend […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


News and expert analysis straight to your inbox

Sign up