Tuesday, April 17, 2007

Monkey Island, Hotel on River Thames Near London Goes on Sale

Monkey Island, Hotel on River Thames Near London Goes on Sale

By Peter Woodifield

April 16, 2007 (Bloomberg) -- Monkey Island, a five-acre island with a 26-bedroom hotel in the middle of the U.K.'s River Thames, was put up for sale for 7.5 million pounds ($15 million) by its Dubai-based owners.

The island, reachable only by walkway, boat or helicopter, is 30 miles west of London near the village of Bray, London-based real estate brokers Knight Frank LLC said in a statement today

Read the full news report from here @ Bloomberg, UK

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American Embassy Moving From Heart of London?

American Embassy Moving From Heart of London?

Kevin McCandless, CNS News

Apr 2007

London (CNSNews.com) - After years of wrangling with its wealthy neighbors, the American Embassy here is considering moving out of its historic address in the heart of the city. Located in upscale Grosvenor Square, the embassy has endured years of controversy over security measures put into place after Sept. 11, 2001.

While embassy officials have repeatedly stressed the need to protect the building against terrorist attack, many neighbors have complained bitterly that it's felt like they were living in the middle of an armed camp.

Read the full news report from here @ Crosswalk

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Sainsbury May Use Real Estate to Repay Shareholders

Sainsbury May Use Real Estate to Repay Shareholders

By Edward Evans and Peter Woodifield

April 13, 2007 (Bloomberg) -- J Sainsbury Plc may sell part of its 7.5 billion pounds ($15 billion) of real estate and use the money to pay investors after the U.K. supermarket chain spurned a takeover bid from CVC Capital Partners Ltd.

British retailers Tesco Plc and Marks & Spencer Group Plc have raised more than 1.5 billion pounds this year by selling real estate

Read the full news report from here @ Bloomsbury, UK

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London Homeowners Reap $150,000 as U.K. Prices Jump

London Homeowners Reap $150,000 as U.K. Prices Jump

By Jennifer Ryan

April 16, 2007 (Bloomberg) -- London homeowners gained an average 76,000 pounds ($150,000) on the value of their property in the past year, triple the median salary, as U.K. house prices rose the most since 2004, according to a leading UK property Web site.

Asking prices for a home in the British capital reached an average 379,846 pounds in the four weeks through April 7, up 25 percent from a year earlier, Rightmove Plc said today.

Read the full report from here @ Bloomberg, UK

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