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Record number of £5m-plus homes sold in London, says Savills

The number of £5million-plus luxury homes sold in London in the final months last year reached a record high, new research has revealed.

The return of international travel bringing overseas buyers, along with a desire for more space from super-rich domestic buyers of London homes, contributed to more wealthy purchasers forking out at least £5million to secure the right home in the capital.

There were 522 sales of such homes in 2021, with 163 sales of £5million-plus properties in the last three months of that year alone.

It is 37 per cent higher than in the three months prior and the strongest year end since 2013 which saw 522 so called ‘super prime’ sales, according to the research by Savills estate agents.

This three-bed house in Moore Street, in London's Chelsea, is for sale for £5.5million via Martin & Co estate agents

This three-bed house in Moore Street, in London’s Chelsea, is for sale for £5.5million via Martin & Co estate agents

Savills took at look at the number of luxury property sales in the capital over the past decade

Savills took at look at the number of luxury property sales in the capital over the past decade

The last three months of last year saw the highest quarterly spend for any quarter since Savills records began in 2006, with almost £2billion spent on properties agreed for £5million or more.

This can largely be attributed to the number of £20million-plus sales of both new build and second-hand property, which stood at 51 verses 32 a year earlier in 2020.

There was also a significant uptick in the number of £10million-plus sales in the last three months of 2021, which reached the strongest quarter ever with 62 sales compared to a previous high of 50 in the final quarter of 2014.

The previous high was a result of many households rushing to buy before new higher stamp duty tax bands were introduced at that point in 2014.

This five-bed house in Montpelier Walk in London's Knightsbridge is for sale for £7.95m via James Vaughan estate agents

This five-bed house in Montpelier Walk in London’s Knightsbridge is for sale for £7.95m via James Vaughan estate agents

Savills highlighted that the super-prime new build market also ramped up at the end of the year.

There were 30 new build sales in London topping £5million in the final three months of 2021, with a total value of £558million, it said.

It is both the highest number of units topping £5million sold, and the highest total value spent on new build property, ever recorded in a single quarter.

Frances Clacy, of Savills, said: ‘London’s super-prime markets stellar end to the year is evidence of the influence that the pandemic-fuelled desire for more space has on residential markets.

‘While we can expect to see demand from domestic buyers looking to upsize into a larger family home soften in the new year, a lack of suitable stock on the market will continue to support prices, while the supply-demand imbalance remains.

‘It’s also clear that domestic and UK-domiciled international buyers are taking advantage of the opportunity to buy in a market that still represents relative value and before a more sustained return of overseas demand. 

‘Recovery in prime central London values is certainly underway, but revived Covid-19 restrictions are likely to push the forecasted 8 per cent-plus bounce back in values further into 2022.’

This six-bed house in Chelsea's Milner Street is on the market for £6.95m via Hamptons estate agents

This six-bed house in Chelsea’s Milner Street is on the market for £6.95m via Hamptons estate agents

Savills explained that with international travel rules easing in November, there was a significant uptick in the number of international buyers returning to the capital.

As a result, central London hotspots continued to dominate sales and more than half of all £5million-plus sales took places in Kensington, Chelsea, Belgravia, Notting Hill and Knightsbridge, knocking leafier St Johns Wood, out of the top five from the quarter prior.

However, the £5million-plus price tag continues to extend its reach across London, as buyers race for more space, with locations such as Wimbledon, Battersea, East Sheen and Wandsworth firmly on the so-called super-prime map, as buyers look to reap the benefits of ‘country-style’ homes in the capital.

There was a 84 per cent increase in the number of £5million-plus sales across South West London in 2021, compared to 2020, according to Savills.

For the last three months of 2021, it said the price of a six- or more bedroom house in west London rose by 10.4 per cent during the past year and by 15.1 per cent since March 2020, and by 9.1 per cent and 12.1 per cent in South West London.

Ollie Marshall, of buying agents Prime Purchase, said: ‘There is no question that there is more money flooding into the top end of the property market in London than at any time in the past 20 years.

London has always offered a safe haven in times of volatility 

‘The global recovery, which has been driven by central bank intervention as a result of 2009’s global financial crisis, has generated extraordinary gains for investors around the world. 

‘Since 2016, while the majority of property markets have trended higher, London has endured a five-year bear market in the face of prolonged political uncertainty surrounding Brexit. The result now is a dislocation of values between London and other global financial centres such as New York Singapore and Shanghai, with the former much more attractive than the latter.

‘London has always offered a safe haven in times of volatility, and at no time has this been more evident than during a global pandemic. 

‘With many markets now looking frothy, as well as inflation concerns and currency debasement, investors looking to reposition their portfolios are considering London property once again. 

‘Yields for residential property have reached levels not seen for over a decade and international investors taking advantage of continued weakened sterling are still able to secure generous discounts from the peak in 2016.’ 

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Excellent Opportunity For Investors In Liquid Cooling For Datacenters

The increasing power consumption and heat generation of processors and other datacenter equipment have brought liquid cooling into the spotlight. The growing interest in this technology is further evidenced by recent investments made in the field.

One notable development is the acquisition of CoolIT Systems, a long-standing player in the liquid cooling market, by global investment company KKR. The deal, reportedly valued at $270 million, is aimed at enabling CoolIT to expand its operations and serve a wider range of global customers in the datacenter market. This market encompasses enterprise, high-performance computing (HPC), and cloud service provider segments.

KKR’s investment in CoolIT indicates its anticipation of a profitable return. However, their statements regarding the acquisition also reflect a recognition of the challenges facing the datacenter industry in terms of sustainability. Kyle Matter, Managing Director at KKR, emphasized the increasing data and computing needs and their potential environmental impact. He expressed a belief that liquid cooling plays a crucial role in reducing the emissions footprint of the digital economy.

Projections suggest that liquid cooling will witness significant growth, potentially capturing up to 26% of the datacenter thermal management market by 2026. This is driven by the deployment of more high-performance infrastructure. CoolIT, which is soon to be acquired, has already demonstrated its growth potential by securing a spot on the Financial Times’ list of fastest-growing US companies this year, ranking at number 218.

Alan Priestley, a former technical marketing manager at Intel and currently a VP analyst at Gartner, highlighted the necessity for many companies to invest in liquid cooling to address the challenges associated with managing high-performance servers. As processors become more powerful, liquid cooling offers an effective solution to address heat dissipation concerns and optimize server performance in datacenters.

According to Priestley, CPUs currently consume around 250W to 300W of power, while GPUs range from 300W to 500W. For servers handling demanding workloads such as AI training, those equipped with up to eight GPUs can draw as much as 7-10kW per node.

Priestley further explained that datacenters are striving to increase rack densities by incorporating more memory per node and higher-performance networking. Accommodating such heightened performance requirements necessitates increased power consumption.

Andrew Buss, a senior research director at IDC, concurred with this assessment. He emphasized that as chip or package power densities continue to rise, liquid cooling becomes a more efficient and preferred option.

Buss highlighted that support for direct liquid cooling loops is now being integrated into many modern datacenter facilities and colocation providers. He pointed out that companies like Atos/Bull have embraced direct contact liquid cooling loops for their power-dense high-performance computing (HPC) servers. This allows them to fit six AMD Epyc sockets with maximum memory, NVMe storage, and 100Gbps networking into a compact 1U chassis, all cooled by a custom cooling manifold.

The growing demand for higher performance and power-intensive applications is driving the need for efficient cooling solutions like liquid cooling in datacenters. By adopting liquid cooling technologies, datacenters can effectively manage the increasing power requirements of advanced processors and GPUs while maintaining optimal performance and mitigating potential heat-related issues.

According to Moises Levy, an expert in datacenter power and cooling research at Omdia, the global adoption of liquid cooling is expected to continue increasing.

Levy suggests that while liquid cooling has reached or is nearing a tipping point for specific applications with compute-intensive workloads, its widespread adoption in the broader datacenter market is still on the horizon. He highlights that direct-to-chip and immersion cooling technologies are likely to be the primary disruptors, projected to have the highest compound annual growth rate (CAGR) in the coming years.

Direct liquid cooling, supported by CoolIT, involves circulating a coolant, typically water, through cold plates directly attached to components like processors. This type of system is relatively easier to implement within existing rack infrastructure.

On the other hand, immersion cooling submerges the entire server node in a non-conductive dielectric fluid coolant. Specialized racks, some of which position the nodes vertically instead of horizontally, are typically required for this type of system. Immersion cooling tends to be favored for new-build server rooms.

As liquid cooling technologies continue to advance, their increasing adoption is expected to bring significant benefits to datacenters in terms of improved efficiency and enhanced cooling capabilities.

European cloud operator OVHcloud has developed a unique system that combines two cooling approaches for optimal performance. Their innovative solution involves utilizing water blocks attached to the CPU and GPU while employing immersion cooling with a dielectric fluid for the remaining components.

While OVHcloud currently reserves this system for their cloud infrastructure handling intensive workloads like AI, gaming, and high-performance compute (HPC) applications, they have indicated potential future expansion.

In a similar vein, GlobalConnect, a leading data center colocation provider, plans to offer immersion-based cooling as an option to all their customers. Teaming up with immersion cooling specialist GRC, GlobalConnect announced their system deployment in February. They aim to gradually introduce this advanced cooling technology across all 16 of their data centers located in Denmark, Norway, Sweden, Germany, and Finland, based on customer demand.

The question arises: Can liquid cooling help achieve sustainability objectives? OVH shared that its combined system is significantly more efficient than traditional air cooling methods. They claim that in tests, their cooling system achieved a favorable partial power usage effectiveness rating (PUE) of 1.004, which specifically measures the energy consumed by the cooling system.

However, Buss, an industry expert, urged caution in adopting liquid cooling and emphasized the need for careful consideration, particularly in waste heat management. He highlighted that implementing “liquid cooling done right” can certainly contribute to enhanced efficiency and environmental sustainability by reducing reliance on compressor-based cooling and leveraging heat-exchanger technology to maintain optimal cooling loop temperatures.

Nevertheless, Buss emphasized the importance of proper implementation, as simply discharging the heat into the environment, such as a lake or river, can have detrimental effects. Therefore, the design of the ultimate heat path should be carefully planned to maximize reuse opportunities whenever feasible.

The European Union (EU) has recently expressed its desire to see more cities utilizing waste heat from data centers to heat residential homes. However, challenges arise because the heat generated is often not at a sufficiently high temperature, necessitating additional energy consumption to address this limitation. Despite these obstacles, some data center operators, like QTS in the Groningen region of the Netherlands, have ventured into exploring such initiatives.

In the previous year, the United States Department of Energy made investments in projects aimed at reducing energy consumption for cooling purposes in data centers, albeit with a relatively modest funding amount of $42 million. Additionally, we highlighted the swift adoption of liquid cooling by Chinese data centers as a response to new government regulations.

Among the liquid cooling vendors that secured investments was Iceotope, a UK-based company that received £30 million ($35.7 million at the time) in a funding round led by a Singapore-based private equity provider, with a focus on penetrating the Asian market.

Intel also forged a partnership with Green Revolution Cooling to explore liquid immersion technology. However, the chip giant recently decided to halt its plans for a $700 million research and development lab dedicated to cooling technology in Oregon, as part of its cost-cutting measures.


Unlocking Efficiency & Performance: The Evolution of Datacenters

Introduction:

Datacenters play a critical role in the digital age, serving as the backbone of our increasingly connected world. These centralized facilities house an extensive network of servers, storage systems, and networking equipment that enable the storage, processing, and distribution of vast amounts of data. As technology advances and data demands continue to surge, datacenters are evolving to meet the challenges of efficiency, scalability, and performance.

1. The Rise of Hyperscale Datacenters:

Hyperscale datacenters have emerged as the powerhouses of the digital infrastructure landscape. These massive facilities are designed to handle the most demanding workloads, supporting cloud services, AI, machine learning, and big data analytics. With their extensive computing power and storage capabilities, hyperscale datacenters are fueling innovation and driving digital transformation across industries.

2. The Shift to Edge Computing:

As data-driven applications proliferate, the need for low-latency and real-time processing has become paramount. This has led to the rise of edge computing, a decentralized computing model that brings data processing closer to the source of data generation. Edge datacenters are strategically located in proximity to users and devices, enabling faster response times and reducing the burden on network infrastructure. This trend is particularly crucial for applications requiring real-time data analysis, such as autonomous vehicles, IoT devices, and augmented reality.

3. Green Datacenters: Driving Sustainability:

With the increasing energy consumption of datacenters, the industry is actively pursuing greener and more sustainable solutions. Datacenters are exploring innovative approaches to reduce their carbon footprint, optimize power usage, and increase energy efficiency. These initiatives include adopting renewable energy sources, implementing advanced cooling techniques, and optimizing server utilization through virtualization and consolidation. Green datacenters not only contribute to environmental conservation but also help organizations meet their sustainability goals.

4. Security and Data Privacy:

Data security and privacy have become paramount concerns in the digital era. Datacenters house vast amounts of sensitive information, making them attractive targets for cyber threats. As a result, datacenters are continuously enhancing their security measures, implementing robust firewalls, encryption protocols, and intrusion detection systems. Compliance with data protection regulations such as GDPR and CCPA is also a top priority for datacenters, ensuring the privacy and confidentiality of user data.

5. The Emergence of Liquid Cooling:

The ever-increasing power density of modern servers has led to significant heat dissipation challenges. To overcome this, datacenters are turning to liquid cooling as an efficient solution. Liquid cooling systems, such as direct-to-chip and immersion cooling, offer superior thermal management, enabling higher performance and energy efficiency. By efficiently dissipating heat, liquid cooling minimizes the risk of thermal throttling and extends the lifespan of critical hardware components.

Technology of Today & Tomorrow

Datacenters are at the forefront of the digital revolution, enabling seamless connectivity, storage, and processing of data. As technology advances, datacenters are continuously evolving to meet the escalating demands for efficiency, scalability, and sustainability. From hyperscale datacenters to edge computing, green initiatives, security enhancements, and liquid cooling solutions, the datacenter industry is shaping the future of our digital landscape. By embracing these advancements, organizations can unlock the full potential of their data and drive innovation in the digital age.


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The Hat Worn By Napoleon Bonaparte Sold For $2.1 Million At The Auction

A faded felt bicorne hat worn by Napoleon Bonaparte sold for $2.1 million at an auction on of the French emperor’s belongings.

Yes, that’s $2.1 million!!

The signature broad, black hat, one of a handful still in existence that Napoleon wore when he ruled 19th-century France and waged war in Europe, was initially valued at 600,000 to 800,000 euros ($650,000-870,000). It was the centerpiece of Sunday’s auction collected by a French industrialist who died last year.

The Hat Worn By Napoleon Bonaparte Sold For $2.1 Million At The Auction

But the bidding quickly jumped higher and higher until Jean Pierre Osenat, president of the Osenat auction house, designated the winner.

‘’We are at 1.5 million (Euros) for Napoleon’s hat … for this major symbol of the Napoleonic epoch,” he said, as applause rang out in the auction hall. The buyer, whose identity was not released, must pay 28.8% in commissions according to Osenat, bringing the overall cost to 1.9 million euros ($2.1 million).

While other officers customarily wore their bicorne hats with the wings facing front to back, Napoleon wore his with the ends pointing toward his shoulders. The style, known as “en bataille,” or in battle, made it easier for his troops to spot their leader in combat.

The hat on sale was first recovered by Col. Pierre Baillon, a quartermaster under Napoleon, according to the auctioneers. The hat then passed through many hands before industrialist Jean-Louis Noisiez acquired it.

The entrepreneur spent more than a half-century assembling his collection of Napoleonic memorabilia, firearms, swords and coins before his death in 2022.

The sale came days before the release of Ridley Scott’s film Napoleon with Joaquin Phoenix, which is rekindling interest in the controversial French ruler.


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4 Ways AI Is Transforming Social Media Marketing

Rebecca Barnatt-Smith explains how marketers and content creators can use AI-powered predicative analytics, content personalisation and scheduling tools to create successful social media campaigns.

Is artificial intelligence (AI) the next big thing for social media marketers?

With over 4.26bn social media users to serve, AI is set to transform targeting and improve content personalisation for a more focused marketing future.

AI is not a new phenomenon in the marketing world. When surveyed, over 56pc of chief marketing officers (CMOs) said they use automated assistants for content personalisation and tracking consumer insights. AI-driven social strategies are just the next step in a fast-approaching digital future of campaigning.

However, could a push for AI-infused social campaigns pose ethical concerns for future marketers? From breaching consumer privacy to decision system bias, with great technology comes great responsibility.

Here we look at AI’s impact on social media marketing and discuss some of the best AI-infused platforms that are tipped to lead social strategies in 2023.

How can AI improve your social media?

Using AI, you can quickly segment large demographics into targeted groups, track viral trends and schedule personalised content responses in seconds.

If you want to compete against commerce giants and industry leaders, your social content should be consistent, compelling and customised to each and every consumer. Here are some insights into how AI can help.

Content personalisation

In 2023, 73pc of shoppers expect brands to offer them a personalised experience and content that speaks directly to their values. AI can enhance a brand’s personalisation potential in a number of ways.

Automatically harvesting behavioural and historical consumer data, AI-generated platforms can quickly learn about a user’s interests and predict what products or services they’d be most likely to interact with, resulting in a hyper-individualised experience that can boost engagement and increase the chances of conversion.

However, with 69pc of consumers now concerned about how their data is collected and used on mobile apps, it’s important to use content personalisation tools with caution.

“As consumers continue to learn and become more informed about their data rights and how their data is currently used, I expect we’ll see more and more calls from consumers to have their data protected,” claims Swish Goswami, CEO of browser extension platform Surf.

The key here is to keep your consumers in the loop. Give your followers a chance to choose what they share, and make sure the data you collect is transparent. Personalised ads, posts and targeting is a business game changer, as long as you have consent.

Automated content posting

Creating content for your brand is the driving force behind audience engagement.

While experts recommend that brands upload social media content daily, this process can be time-consuming. Using AI-driven social media tools, marketers can feel the pressure drain away, as automated assistants not only create original content formats but automatically schedule them too.

For example, AI-infused content planner Sprout Social can generate personalised tweets that reply to fans and followers in seconds. Instead of physically manning social channels and checking for replies, Sprout Social monitors a brand’s comment section before analysing the tone and sentiment of a reply. Sprout can then suggest an auto-response that aims to carry on the conversation between the brand and the consumer.

While automatic replies can pose ethical questions about a brand’s true identity, Sprout Social ensures that before an automatic reply is posted, the social media manager is able to review and edit the content. This guarantees that the brand’s voice still has a human tone when connecting with its audience.

Hubspot is also a nifty tool to have under your belt, especially if you’re struggling to develop new content ideas. By simply pasting a content link into Hubspot’s content generation feature, it uses AI to quickly analyse the metadata and create an original social post.

Social media advertising

Social platforms are the perfect vessels for advertising success. Whether you choose TikTok or Instagram, with the ability to post a pop-up on a user’s scroll-down feed, or a sponsored TikTok that blends seamlessly into a For You Page, social channels allow for a more organic future of ad placement.

However, with so many brands utilising social media, it can be hard to make your ad stand out from the crowd. Your ads must be full of compelling captions, quick links to your online store and contain a personalised hook for your target consumer.

Using AI, brands can optimise their ad performance on social channels. With the ability to analyse historic campaigns and current trends among industry leaders, AI-driven ad tools such as Sprinklr can make recommendations for smarter campaigns that drive better results.

Also, AI-infused ad strategies are more likely to be personalised to each user’s feed. AI tools like Phrase can generate customisable ad phrasing that adapts to target individual customers. This is a great way to ensure your ad captions remain fluid and speak directly to a diverse set of leads.

Predictive analytics

While it’s easier than ever to track social media performance, acting on your results can be tricky. AI-generated monitoring tools utilise the data harvested on content engagement, clicks and consumers, and turn these insights into predictions for new campaigns, content formats and new target groups to work on.

The key here is to take these predictions and turn them into content campaigns that frame the values of your brand. It’s also important to do your own research before jumping into an AI-generated content campaign, as just like humans, AI can have a decision system bias.

“AI is fallible and in a perfect world should be used critically, responsibly and democratically,” says Annie Brown, founder of the creative sharing platform Lips. “AI is only as fair and accurate as the algorithm, and the algorithm is only as fair or accurate as the human-generated information it gathers.”

For example, if the only data your AI tool collects is from a specific consumer group, it’s likely to inherit the same biases. Therefore, it’s important to perform your own content research if you want your brand voice to remain objective on social media.

However, with more data to inform their strategy, brands that use AI to influence their social campaigns are more likely to see higher conversion payoffs.

As social platforms continue to become more visual, AI can also enhance video and image analysis. For example, AI algorithms can now identify certain aspects of Instagram images and TikTok videos, making it easier to gather more data on a user’s interests and behaviours.

Visual analytics could help a brand improve its content styles as AI tools learn more about audience preferences and the formats going viral.

Could AI take social media marketing to the next level?

AI can enhance the experience a consumer has with a brand on social media. With predictive analytics at play, the content targeted users receive is more likely to speak directly to their values.

While there are still ethical concerns surrounding an AI-infused future of campaigning, there’s hope on the horizon for data-sharing transparency and the impact of algorithmic biases as both consumers and marketers take control of how data is gathered and shared.

As machine learning gets even smarter, the possibilities are endless for brands that want to get close to their leads. From automated responses to automatic content creation, the future of social media marketing is AI-driven.

By Rebecca Barnatt-Smith

Rebecca Barnatt-Smith is a freelance content writer and multi-media marketing executive at Solvid Digital, specialising in social media trends and widespread digitalisation in the marketing sector.


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