City Still Growing with Jobs Increasing Since 2017
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20 HOT PROPERTY FRIDAY 27 SEPTEMBER 2019 HOTPROPERTY CITYAM.COM ALL YOU NEED TO KNOW ABOUT THE LONDON PROPERTY MARKET BUSINESS WITH PERSONALITY Edited by Helen Crane NEW BUILDS NEW DEVELOPMENTS ON THE MARKET THI S WEEK BUILD UP THE RIDGEWAY VIEWS, MILL HILL Buyers looking for a leafy, suburban location on a budg check out L&Q’s Ridgeway Views, launching this Saturet will want to ownership homes ar e located in Mill Hill, c day. The shared Park, Arrandene Open Sp lose to the 35-acre Mill Hill ace and Featherstone Hill. The fir 131-home development c st phase of the omprises one, tw apartments, starting at £93,125 f o and three-bedroom or a 25 per cent share of a one-bed. BIG SCREEN WEEKEND Visit millhills HOMES HITTING haredownership.co.uk BELVEDERE GARDENS, SOUTH BANK WESTERN CIRCUS, ACTON From £2.25m orf a two-bed THREE WATERS, BOW THE MOVIES EVERYBODY From £449,000 f The final 19 apartments have just b or a one-bed THE QUARRY, ERITH een r From £340,000 for a studio Belvedere Gardens, Braeburn Estates’eleased luxury at Western Circus is one of the fir NEW HEIGHTS IN st opportunities to buy a From £225,000 f development on the sit e where the Festival of Britain home off-plan in the £26bn r This weekend, Mount Anvil and P or a studio was held in 1951. The two and thr Old Oak egeneration scheme at eabody will launch ee-bed homes and Park Royal, which is se the final 47 homes at Thr The Anderson Group and L&Q will launch The Quarr feature floor-to-ceiling windows, and many have viewsmajor transport int t to become a ee Waters in Bow. Known as erchange when Crossrail arrives in The River Collection, the st a collection of st over the London Eye and Houses of P 2021. Developed by Barr udio and one udio, one, two, three and four-bedy, att London, Western Circus apartments are located at the c -bed homes in Erith in t interiors have been designed b arliament. The will comprise 364 one, two and thr onfluenc he London Borough of Bexley, this y Goddar waterways: Bow Creek, the River Lea eand of three Limehouse Saturday. Built on the include full-size baths, walk-in wardrobesd Littlefair and bespok and many of which ar ee-bed homes – site of a former working quarr e eligible for Help to Buy – as well as a Cut. The building has a distinctive r it is being mark chandeliers. Residents will also benefit fr e supermarket and community café. There are a total of ed brick façade, eted as an ‘ecologically consciousy, peaked roofs and projecting b development’ wher a swimming pool, sauna and gym. om access to six apartment blocks at West alconies, which ar e efforts have be designed for residents t e and enhanc en made ot retain for completion from summerern 2021. Circus, which is due o sit and enjoy the w e the ecological value of the land, Call 0207 001 3600 or visit southbank It also has aoof r garden, concierge serviceater and views. including by inst screening room. alling bird boxes and insect houses -place.com Call 033 3355 8497 or visit barr and planting trees. All of the apartments are eligible attlondon.com for Help t INTERIORS Call 020 7776 5755 or visit mount o Buy and have outdoor space and parking. anvil.com Call 0333 0033 737 or visit lqhomes. The new brand PROPERTY OF THE WEEK com/thequarry LONDON P20-28 putting ‘waste An explosion of NEW DEVELOPMENTS marble’ to use Cuban colour A look inside IS TALKING ABOUT P30-31 P24 in Notting Hill Mayfair’s ‘most P26 luxurious’ let P28 FRIDAY 27 SEPTEMBER 2019 ISSUE 3,466 CITYAM.COM FREE JACQUES CHIRAC Totemic figure MPS SET TO in French politics dies aged 86 GRILL COOK EXECUTIVESALEX DANIEL Labour MP Rachel Reeves, chair of the The committee will also question @alexmdaniel business select committee, said the Thomas Cook’s auditors PwC and EY, collapse “has uncovered what appears as well as business secretary Andrea THOMAS Cook bosses will be hauled in to be a sorry tale of corporate greed, Leadsom, over concerns about audit front of MPs in the coming months raising serious questions about the ac- practices at the firm and delays to and forced to explain the firm’s cata- tions of Thomas Cook’s bosses and long-promised government reforms of strophic collapse, which left 150,000 their stewardship of the business”. the profession as a whole. Brits stranded abroad and forced the “This latest corporate failure has In 2018, EY urged Thomas Cook to biggest peacetime repatriation in his- shone a light once again on the use of strengthen its accounting methods, tory by the British government. aggressive accounting methods to aid warning it had falsely enlarged profits, After meeting yesterday, the Com- bumper pay-outs to company execu- potentially enabling higher bonus pay- mons’ business select committee tives and the apparent inability of outs at the top. JOE CURTIS A towering figure in French politics agreed to launch a wide-ranging in- auditors and regulators to curb these The Financial Reporting Council said @joe_r_curtis for decades, his latter years were quiry into why the holiday giant came practices in the wider interests of earlier this week it is also considering dogged by corruption allegations crashing down to earth, putting most shareholders, investors, and the casting the spotlight on firm’s ac- FORMER French President Jacques that he was eventually found guilty of its 9,000 British workers out of a job. public,” she added. countants “as a matter of urgency,” Chirac has died aged 86, it was of in 2011, and given a two-year The probe will focus in part on what More details of the firm’s dire finan- while Leadsom has written to the In- announced yesterday. suspended sentence. some MPs called the “corporate greed” cial state have emerged since Monday’s solvency Service, instructing officials Chirac was France’s head of state Yesterday, current President of top-level bosses. It will involve bankruptcy announcement. to hasten their own investigation. from 1995 to 2007 and spent 18 years Emmanuel Macron said that Chirac grilling chief executive Peter Fankhauser told the High Court this Separately, the Financial Conduct as the mayor of Paris. “embodied a certain idea of France” Fankhauser, chair Frank Meysman and week that the firm had a balance sheet Authority (FCA) is looking into Thomas The former president is who had led an “independent and finance boss Sten Daugaard, and deficit of more than £3.1bn, adding Cook’s statements to the market in its remembered for his roguish charm proud” nation. comes amid mounting political anger that if it had not gone into compulsory final weeks. Investors have expressed and his enthusiasm for the European Despite his status as one of the over the pay and bonuses of top brass liquidation it would have run out of concerns the firm did not report a Union, as well as his opposition to continent’s leading politicians, as the company’s fortunes tanked. cash by 4 October. fatal extra demand from its lenders for the invasion of Iraq in 2003. Chirac’s joie de vivre was legendary. City A.M. understands the block- Bosses have taken home £20m in £200m promptly enough, and the FCA “It is always the worst of solutions, France will hold a day of mourning buster evidence sessions with top exec- bonuses in the last five years, £8.3m of should have subsequently intervened because it brings death and misery,” for Chirac on Monday alongside a utives are likely to begin this autumn. which have gone to Fankhauser. to stop the company trading shares. he said at the time. memorial service in Paris. No Waterloo Sunset: City still growing with jobs increasing since 2017 JAMES BOOTH the City held 507,000 workers in “No longer just a world-leading However, nationally, the number in the City, it is a concern that @Jamesdbooth1 2018, up from 495,000 in 2017. hub for financial and professional of workers in financial services and sector jobs have decreased across Catherine McGuinness, policy services, the City has diversified insurance dipped slightly from the UK and in wider London, THE NUMBER of workers employed chair at the City of London and is now home to a vibrant 1.025m to 1.021m. particularly in the context of in the Square Mile broke half a Corporation, said: “The fact that creative and tech sector — adding The number of financial services Brexit,” McGuinness said. million last year as the City the number of jobs in the Square further to its burgeoning offer.” and insurance jobs in London as a “In order to give the UK the best continued to grow despite ongoing Mile has continued to grow amidst The number of workers in whole also fell slightly from start to our post-Brexit chapter, political uncertainty. such uncertainty is a tribute to its financial services and insurance in 366,000 to 362,000. government must make avoiding a Data released yesterday by the enduring attractiveness and the City increased from 172,000 to “While we are pleased to see an no-deal Brexit the absolute Office of National Statistics showed strengths. 178,000 last year. increase of financial services jobs priority,” she added. FTSE 100▲ 7,381.08 +61.09 FTSE 250▲ 19,818.61 +43.69 DOW▼ 26,891.12 -79.59 NASDAQ▼ 8,030.66 -46.72 £/$▼ 1.232 -0.004 £/€▼ 1.123 -0.001 €/$▼ 1.092 -0.002 02 NEWS FRIDAY 27 SEPTEMBER 2019 CITYAM.COM C’MON, FEEL THE NOISE Unions pledge October disruption in complaints over rising noise levels on the London Underground THE CITY VIEW Tories must rediscover their economic DNA S THE Tories — or at least, some of them — head to Manchester for their conference next week, there will be a Atemptation to respond to Labour’s spending giveaways with a flurry of their own.