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Property News

Boris picks developers for GLA sites
Mayor of London Boris Johnson has selected preferred bidder for two sites which are earmarked for more than 1,200 new homes.
Morrisons appoints group property director
Gordon Mowat has been appointed as the new group property and strategy director at supermarket Morrisons.
Williams ordered to pay confiscation order
Disgraced Mayfair entrepreneur Alexander Williams, who was convicted of property fraud last January, has been ordered to pay a confiscation order of £477,474.25 within six months, or serve a default sentence of three year’s imprisonment. 
Administrator appointed at Phones4U
PwC has been appointed administrator to Phones4U, which closed its stores yesterday.
Savills moves into the Middle East
Savills has formed two new collaborations in the Middle East in the Northern Gulf and Dubai.
Developers strengthen call for business rates reform
Land Securities, Hammerson and Westfield are among major property companies that have signed up to a call for political parties to commit to fundamental reform of business rates.
Schroder REIT exchanges on £15.4m office sale
Schroder REIT has exchanged on the sale of the 74,000 sq ft Olympic Office Centre in Wembley with Network Stadium Housing Association, one of the tenants, for £15.4m.
Galliford Try chief exec to retire
Greg Fitzgerald, chief executive of Galliford Try, has decided to retire from the £1.8bn turnover housebuilding and construction group by the end of next year.

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