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Canada Israel and Avanton unveil plans for Wembley resi scheme (GB)

Canada Israel and Avanton have submitted a planning application to the London Borough of Brent for the regeneration of the 2.5-acre (1.26 hectare) Wembley Point site on Harrow Road to create a residential-led development known as Stonebridge Place with a GDV value of up to €297.6m (£250m) providing 515 new homes of mixed tenure, 1,200ft² of commercial space, new boxing gym with public café, landscaped gardens, pedestrian boulevards and new water features.

 

The Stonebridge Place proposals will deliver significant public realm improvements including a civic square, green pedestrian boulevard, children’s play spaces and resident’s gardens at ground and podium levels. The proposed new homes will be an addition to the already completed WEM Tower London, with its 439 new homes and fantastic amenities. Of the 515 new homes, 341 will be for market sale, with 35% allocated for affordable housing comprised of 57 shared ownership and 117 affordable rent homes.

 

Located to the south of Wembley Park and National Stadium, adjacent to Stonebridge Park Station (Bakerloo Underground Line), the new Stonebridge Place project will provide three striking new buildings. The first building is a 32 storey focal triangular tower with glass and green terracotta façade providing 266 one, two and three-bedroom market sale apartments over a new double-height residential lobby, complete with flexible commercial space.

 

The second stepped building, rising from 10 to 20 storeys, will have a glass and beige brick façade with balconies providing 249 mixed-tenure homes and flexible commercial space, with a large podium garden at the first-floor level. The partners will be building Stonebridge Boxing Club, an important local sports-led charity, a new facility. This will be located in the third new building on site which will be three storeys high providing a new boxing gym and public café with glass and bronzed-black terracotta façade.

 

The project’s significant public realm improvements include a new civic square, for food markets, a new Wembley outdoor Film Festival and Art & Antiques Market. Running through the site will be Stonebridge Place, a new green pedestrianised route linking the various buildings and landscaped areas.

 

Gil Selzer, Managing Director of Canada Israel UK said: “This proposed residential-led development at Wembley Point is a major urban regeneration project that will create a new destination for South Wembley. Stonebridge Place marks the next step in Canada Israel’s international expansion plans and building a strong real estate presence in the London property market.”

 

Omer Weinberger, CEO of Avanton commented: “Avanton are delighted to be partnering with international property company Canada Israel on this major urban regeneration scheme in Wembley which will provide market sale, BTR and social housing provision.”

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Five climb the property ladder! Famous Five-style 17th century manor house with secret room, spyhole and fascinating history goes up for sale for £3.2m

A Famous Five-style manor house with a secret 17th Century ‘panic room’ and tiny spy-hole built into the staircase has gone on sale for £3.2million.

The historic seven-bedroom house started life as a coaching inn just after the English Civil War, but has also been visited by royalty and appeared in a children’s novel.

Among its quirkier features is a secret hiding space dating from more than 300 years ago, which can be accessed via a hidden panel under the stairs, leading to a tiny room beneath. 

Owners could monitor who came to their front door through a tiny spy-hole built into the staircase.

The property at Peppard Common, Henley-on-Thames, Oxfordshire, has four reception rooms, more than three acres of wraparound gardens and paddocks and is on the edge of the Chilterns Area of Outstanding Natural Beauty.

A Famous Five-style manor house at Peppard Common, Henley-on-Thames, Oxfordshire, with a secret 17th Century 'panic room' and spyhole in the staircase has gone on sale for £3.2million

A Famous Five-style manor house at Peppard Common, Henley-on-Thames, Oxfordshire, with a secret 17th Century ‘panic room’ and spyhole in the staircase has gone on sale for £3.2million

One of two dining rooms in the property, which was visited in the early 1900s by the future King Edward VII and his wife, Queen Alexandra

One of two dining rooms in the property, which was visited in the early 1900s by the future King Edward VII and his wife, Queen Alexandra

During the early 1900s it was visited by the future King Edward VII with his wife, Queen Alexandra, when they were the Prince and Princess of Wales

The then owner was a lady-in-waiting to the royal family.

It also featured in The White Witch, a 1958 novel by acclaimed children’s writer Elizabeth Goudge. 

In it she describes her character looking out of the house’s south and east windows saying ‘she could see far over the fields to the sunrise’.

The new owners will still have stunning views, which take in local countryside, as well as the village cricket pitch.

Inside, the house is filled with original features, including wooden panelling in the entrance hall, beamed ceilings, flint walls and leaded light windows.

The property has an entrance hall, kitchen, two dining rooms, family room, lounge, utility and laundry room and boot room on the ground floor with a cellar below.

Upstairs is an open-plan study area, seven bedrooms and two bathrooms.

Outside, the property has around 3.2 acres of wraparound gardens and paddocks and a triple garage with courtyard parking area and a gravel drive.

The owner said: ‘The house itself is steeped in history as it originally dates back to 1688, just a few decades after the Civil War, and interestingly it has a 17th century panic room hidden behind a section of the original wood panelling.

‘There are stories of visits from royalty – it was owned by a lady-in-waiting in the early years of the 20th century – and it featured heavily in a historical novel called The White Witch, written by Elizabeth Goudge who, many years ago, lived on the other side of the common.

A secret 'panic' room dating back more than 300 years has a tiny spy-hole built into the staircase of the historic property

A secret ‘panic’ room dating back more than 300 years has a tiny spy-hole built into the staircase of the historic property

The property has four reception rooms, more than three acres of wraparound gardens and paddocks and is on the edge of the Chilterns Area of Outstanding Natural Beauty

The property has four reception rooms, more than three acres of wraparound gardens and paddocks and is on the edge of the Chilterns Area of Outstanding Natural Beauty

‘However, for us it was simply a lovely family home, very spacious and bright, and hugely characterful. 

‘My parents made a number of improvements to it over the years, but there’s definitely lots of scope for the new owners to come in and put their own stamp on it.’

Robert Cable, from Fine & Country, who is handling the sale, said the property belonged to a family of five who had bought it 50 years ago.

He said: ‘They have loved living here and raising their family in this house, it is filled with happy memories, but it’s time for them to move on and pass it to new custodians who will appreciate it as much as they have.

‘It would be perfect for a family that wanted their children to grow up in idyllic rural surroundings.

‘Outside there is so much beautiful space to enjoy, or even keep a pony; inside there is so much space and so many nooks and crannies for children to hide, along with the secret room – it’s like something from the Famous Five novels.’

Inside, the house is filled with original features, including wooden panelling in the entrance hall, beamed ceilings, flint walls and leaded light windows

Inside, the house is filled with original features, including wooden panelling in the entrance hall, beamed ceilings, flint walls and leaded light windows

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European Startup Ecosystems Awash With Gulf Investment – Here Are Some Of The Top Investors

European Startup Ecosystem Getting Flooded With Gulf Investments

The Voice Of EU | In recent years, European entrepreneurs seeking capital infusion have widened their horizons beyond the traditional American investors, increasingly turning their gaze towards the lucrative investment landscape of the Gulf region. With substantial capital reservoirs nestled within sovereign wealth funds and corporate venture capital entities, Gulf nations have emerged as compelling investors for European startups and scaleups.

According to comprehensive data from Dealroom, the influx of investment from Gulf countries into European startups soared to a staggering $3 billion in 2023, marking a remarkable 5x surge from the $627 million recorded in 2018.

This substantial injection of capital, accounting for approximately 5% of the total funding raised in the region, underscores the growing prominence of Gulf investors in European markets.

Particularly noteworthy is the significant support extended to growth-stage companies, with over two-thirds of Gulf investments in 2023 being directed towards funding rounds exceeding $100 million. This influx of capital provides a welcome boost to European companies grappling with the challenge of securing well-capitalized investors locally.

Delving deeper into the landscape, Sifted has identified the most active Gulf investors in European startups over the past two years.

Leading the pack is Aramco Ventures, headquartered in Dhahran, Saudi Arabia. Bolstered by a substantial commitment, Aramco Ventures boasts a $1.5 billion sustainability fund, alongside an additional $4 billion allocated to its venture capital arm, positioning it as a formidable player with a total investment capacity of $7 billion by 2027. With a notable presence in 17 funding rounds, Aramco Ventures has strategically invested in ventures such as Carbon Clean Solutions and ANYbotics, aligning with its focus on businesses that offer strategic value.

Following closely is Mubadala Capital, headquartered in Abu Dhabi, UAE, with an impressive tally of 13 investments in European startups over the past two years. Backed by the sovereign wealth fund Mubadala Investment Company, Mubadala Capital’s diverse investment portfolio spans private equity, venture capital, and alternative solutions. Notable investments include Klarna, TIER, and Juni, reflecting its global investment strategy across various sectors.

Ventura Capital, based in Dubai, UAE, secured its position as a key player with nine investments in European startups. With a presence in Dubai, London, and Tokyo, Ventura Capital boasts an international network of limited partners and a sector-agnostic investment approach, contributing to its noteworthy investments in companies such as Coursera and Spotify.

Qatar Investment Authority, headquartered in Doha, Qatar, has made significant inroads into the European startup ecosystem with six notable investments. As the sovereign wealth fund of Qatar, QIA’s diversified portfolio spans private and public equity, infrastructure, and real estate, with strategic investments in tech startups across healthcare, consumer, and industrial sectors.

MetaVision Dubai, a newcomer to the scene, has swiftly garnered attention with six investments in European startups. Focusing on seed to Series A startups in the metaverse and Web3 space, MetaVision raised an undisclosed fund in 2022, affirming its commitment to emerging technologies and innovative ventures.

Investcorp, headquartered in Manama, Bahrain, has solidified its presence with six investments in European startups. With a focus on mid-sized B2B businesses, Investcorp’s diverse investment strategies encompass private equity, real estate, infrastructure, and credit management, contributing to its notable investments in companies such as Terra Quantum and TruKKer.

Chimera Capital, based in Abu Dhabi, UAE, rounds off the list with four strategic investments in European startups. As part of a prominent business conglomerate, Chimera Capital leverages its global reach and sector-agnostic approach to drive investments in ventures such as CMR Surgical and Neat Burger.

In conclusion, the burgeoning influx of capital from Gulf investors into European startups underscores the region’s growing appeal as a vibrant hub for innovation and entrepreneurship. With key players such as Aramco Ventures, Mubadala Capital, and Ventura Capital leading the charge, European startups are poised to benefit from the strategic investments and partnerships forged with Gulf investors, propelling them towards sustained growth and success in the global market landscape.


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Culture

Can’t Afford A House In UK? Move To Germany!

Grand Designs star Kevin McCloud has told first time buyers if they can’t afford to buy a house ‘move to Germany’.

The TV presenter advised young people looking to get on the property ladder to abandon their hopes of buying a house in the UK and instead ‘move to another country where the housing market is healthy’.

He told the news website JOE that almost every other North European country and Canada have got ‘really healthy markets, lots of diverse opportunities, lots of diverse offers and it isn’t hugely expensive’.

The 64-year-old said: ‘My advice is move to Germany, maybe that’s the way forward.’

McCloud also took aim at ‘immoral’ housing developers, who he claims now make on average £68,000 profit per house or per flat, compared to 2009, when the figure was ten times less.

Have YOU moved to Germany? Email chris.matthews@mailonline.co.uk

Houses in Germany costs just £232,941 on average. Meanwhile, a pint of beer costs just £2.14 in Germany, while on average in England a pint is £4.21

Houses in Germany costs just £232,941 on average. Meanwhile, a pint of beer costs just £2.14 in Germany, while on average in England a pint is £4.21

Grand Designs star Kevin McCloud who has told first time buyers if they can't afford to buy a house 'move to Germany'

Grand Designs star Kevin McCloud who has told first time buyers if they can’t afford to buy a house ‘move to Germany’

The TV presenter (pictured) advised young people looking to 'move to another country where the housing market is healthy'

The TV presenter (pictured) advised young people looking to ‘move to another country where the housing market is healthy’

First-time buyers purchased 33% of homes sold in the UK so far this year, marking an all-time high

First-time buyers purchased 33% of homes sold in the UK so far this year, marking an all-time high

Houses of a residential area are seen from above in Frankfurt, Germany (File image)

Houses of a residential area are seen from above in Frankfurt, Germany (File image)

McCloud also took aim at 'immoral' housing developers, who he claims now make on average £68,000 profit per house or per flat, compared to 2009, when the figure was ten times less. Pictured: Homes along a street in London (File image)

McCloud also took aim at ‘immoral’ housing developers, who he claims now make on average £68,000 profit per house or per flat, compared to 2009, when the figure was ten times less. Pictured: Homes along a street in London (File image)

He claimed the average profit ‘big housing developers’ now make every time they sell a house or flat was ‘about £68,000’, ten times what it was in 2009.

McCloud added: ‘They’ve shifted their focus from volume and meeting government targets to the profit they deliver to their shareholders.

‘Persimmon, the year before last made £1.1 billion of profit for their shareholders, 25 per cent of their turnover.

‘I’ve only got one word for it and I think it’s immoral.’

Speaking about the state of the UK housing market, McCloud said: ‘I look at the UK market and I see nothing good here.

‘I look at what’s happening in Germany, Holland, Netherlands, Denmark, Scandinavia, I look at other, almost every other North European country and Canada – they’ve got really healthy markets, lots of diverse opportunities, lots of diverse offers and it isn’t hugely expensive.’

Foreigners can buy properties in Germany with relative ease.

Even since Brexit, people from non-EU countries can borrow up to 60 per cent mortgages.

Not all banks offer expats mortgages. DKB and Santander are two that do but having even a temporary residence may improve a person’s chances.

An extensive report by the Institute for Public Policy Research (IPPR) concluded that Britain’s development sector is ‘warped by decades of housing market volatility, the departure of local authorities from the housebuilding sphere, and cuts to capital grant that collectively could have insulated the development market from significant shocks’.

The report claims that ‘the UK has both a pro-cyclical housing and development marke’.

The IPPR said: 'Germany has traditionally kept much tighter controls on mortgage lending, meaning that in order to access home ownership, German households have had to save up for longer periods of time than their British counterparts'

The IPPR said: ‘Germany has traditionally kept much tighter controls on mortgage lending, meaning that in order to access home ownership, German households have had to save up for longer periods of time than their British counterparts’

House prices in Germany have historically been far more stable than those in Britain

House prices in Germany have historically been far more stable than those in Britain

England's trend of ownership is in stark contrast to Germany, where many more people rent

England’s trend of ownership is in stark contrast to Germany, where many more people rent

In Germany, the professional sector of people and companies that own property to let it out, is much more invested in the market (37 per cent) than in the UK (18 per cent)

In Germany, the professional sector of people and companies that own property to let it out, is much more invested in the market (37 per cent) than in the UK (18 per cent)

Traditionally, Germany has a much higher rate of housebuilding compared to the UK

Traditionally, Germany has a much higher rate of housebuilding compared to the UK

It added: ‘By contrast, Germany is in a stronger position: its mortgage market has been more tightly regulated and consequently its market (and economy) is less vulnerable to economic downturns; and housing construction is undertaken by a far greater number of actors, including large housebuilders but also, crucially, many smaller, regionally based actors and a significant not-for-profit sector (both within and outside public ownership).

‘The two countries utilise the powers of government in quite different ways. In Germany, although private enterprise is crucial in housing finance, housing development and management of stock, the state, locally and nationally, plays a far more ‘interventionist’ role – in regulation (for instance, of rents and of the mortgage market), in land assembly, and in housing development itself (albeit often through locally owned companies).

‘However, in the UK, although the parameters of policy are set by government, the trend is towards stepping back the role of the state in housing provision, and then becoming active when markets cannot achieve satisfactory outcomes (for instance by providing mortgage guarantees, or through the provision of housing benefit to households unable to afford their rent).’

The latest Nationwide house price index showed house prices fell slightly in March, with a 0.2 per cent decline in the average property value.

The monthly decline was down to seasonal adjustment – which aims to smooth out months that are typically more and less active – whereas the non-adjusted average house price actually rose slightly from £260,420 in February to £261,14 in March.

It means the typical home, according to Nationwide’s data, has edged up 1.6 per cent annually, with headline figures dragged back by southern England’s stuttering property market.

On the same day, Halifax also reported property prices fell in March, reflecting the first monthly fall since September 2023.

The major mortgage lender revealed the average home price fell 1 per cent last month, following five consecutive months of rises.

Despite reports’ focus on headline house price figures, the UK housing market doesn’t just move as one.

A graph showing the average percentage growth in in house prices across the UK

A graph showing the average percentage growth in in house prices across the UK

This map of annual house price changes across the UK shows the North-South divide. House prices are rising in the north and falling in the south

This map of annual house price changes across the UK shows the North-South divide. House prices are rising in the north and falling in the south

It is made up of thousands of local markets that will all be performing differently from one another.

These differences can even be seen at a regional level where there is evidence of a North-South divide opening up. Prices are generally rising in the North and falling in the South.

The average house price during the first three months of 2024 in Northern Ireland, for example, is up 4.6 per cent year-on-year, according to Nationwide.

Prices in Scotland are 3.7 per cent higher over the past three months than they were during the same period in 2023.

And in the North of England the average home is up 4 per cent in the first three months of this year compared to the same period last year.

Prices in the South West are down 1.7 per cent compared to this time last year and prices in East Anglia are 1.3 per cent lower.

Housing experts have claimed that ‘predatory’ investment funds are taking advantage of the British housing market, keeping families paying rent for longer.

There was £1.3billion of private investment in British new builds last year and almost two fifths came from American funds.

Housing expert David Hall told MailOnline: ‘It’s no surprise at all that it’s a business model for a lot of the funds and pension funds and gives them some semblance of certainty and assurance.

‘It is going to price people out of the market. These are investment forums that are essentially vultures. They’re not social housing buddies. They’re not charities. They’re predators.

‘They’re doing nothing wrong. They’re allowed to do it. The market is wide open for predators to come in, wide open for the market to be manipulated.

Housing charity Acorn’s chief Nick Ballard told MailOnline: ‘Britain’s housing crisis should be a source of national shame.

‘Rising homelessness, 1.3 million families on council housing waiting lists and millions condemned to living in poor quality, insecure and expensive private rented accommodation are problems having a very real negative impact on people’s lives, health and on society as a whole.

‘House prices are out of reach for many and have been for years. Rising rents and the cost of living crisis mean people are finding it harder and harder to save to put down a deposit.

‘Policies of successive Governments have led to 1.5 million council houses sold or demolished and not replaced, so these are no longer a viable option for most.

‘House building alone, particularly build-to-rent properties which will siphon money to US investment companies, will not solve the housing crisis.

‘The Government must embark on a serious building programme for social homes, to address the shortage of housing, to bring down rental prices and to provide safe, secure and stable homes that can become the foundation of happy and healthy lives.’

As the average price of a London home nears the £1million mark, thousands of homeowners are ditching the capital.

Have YOU moved to Germany?

Instead of buying in London, homeowners are flocking to more affordable towns that are often in the north of Britain, MailOnline previously revealed.

Schemes like the Help To Buy ISA may have worked a decade ago but since savers can only receive a government bonus if they buy under £450,001, resources such as this have also been priced out.

The average house in the capital costs £733,000 but the average London salary is only £44,000 and most mortgages are capped at 4.5 times that, amounting to just £198,000.

The cheapest place to buy a home is in Middlehaven (TS2), in North Yorkshire, where an average house costs just £49,833.

In fact, Yorkshire postcodes make up the top four cheapest places to buy, with Bradford (BD1), Middlesbrough (TS1) and Brambles Farm (TS3) all coming in with prices under £85,000.

Shildon (DL4), in County Durham is the fifth cheapest, with homes selling for an average of just £86,993.

Linz Darlington, the boss of leasehold extension experts Homehold, told MailOnline: ‘You can seek a better and more affordable quality of life elsewhere.

‘Greater flexibility around working from home has made making a cross-country move more accessible for many.’

Yet while many people are considering leaving the capital, not all postcodes outside of London are as affordable.

In fact, some are even approaching London property prices.

Cobham (KT11), in Surrey, was the most dear, with the average home selling for a shopping £1.4million.

Close behind was Beaconsfield (HP9), in Buckinghamshire, where homes go for £1.3million.

Mr Darlington added: ‘Increasingly buyers are looking for property outside of London and the South East — and so they should be.

‘While these areas may be the preference of many, as a proposition they are clearly overpriced.

‘Leasehold flats have historically been the ”first rung on the ladder” for many house-buyers in London and the South East, but constant woes from cladding issues, outrageous service charges and spiralling ground rents make these an ever less attractive proposition.

‘Issues with flat ownership are compounded by the fact the age of first time buyers has been increasing, which means people are needing for larger, family friendly properties for their first homes.’


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