Illicit drug profits from ultra-wealthy Central Asian elites are flowing into UK property and being channelled through the City of London, a group of senior MPs have warned.

Illicit drug profits from ultra-wealthy Central Asian elites are flowing into UK property and being channelled through the City of London office market, a group of senior MPs have warned.

Flexible workplace provider Spacemade is adding 5,000 sq ft of flexible office space in Marylebone, London to its portfolio, after signing an agreement with the Howard de Walden Estate.

A major London office development that included plans for an innovative 1.4-acre urban rooftop and 430,000 sq ft of office space has been placed under receivership after defaulting on a loan provided by the billionaire Reuben Brothers.

Creative workspace provider Eat Work Art has been awarded the leasehold of a former WeWork building in Hackney, east London, where it will open its latest location for the creative industries.

Inconsistent application of planning policy for London build-to-rent (BTR) schemes needs to be addressed to enable the sector to maximise its potential and help meet the need for new homes, according to planning and development consultancy Lichfields’ latest report

The company behind the multi-billion-pound plans to bring a huge Disneyland-style theme park to Kent is reportedly being sued by entertainment giant and former partner Paramount.

A private consortium of investors has sold the 124-room Holiday Inn London-Luton Airport Hotel for an undisclosed sum to KE Hotels, which was funded by Metro Bank.

German real estate investor Aroundtown has sold the Hilton London Hyde Park hotel in London to an unnamed Dubai-based family office advised by MGI Holdings, for a price believed to be close to £50m.

London-listed luxury international real estate developer Dar Global has announced  plans to expand into Saudi Arabia, where it said the tourism sector created “compelling opportunities” to develop hospitality assets.