Tag: development

  • Trumping a Visa

    Trumping a Visa

    Kushner family exposed for promoting their links to the Trump presidency to flog flats (with visas) to Chinese investors

     

    Yesterday, The Washington Post, in revealing that the Kushner family are hawking properties complete with investor visas, illustrated yet another appalling example of what is fast becoming the shadiest presidential dynasty in history.

     

    According to the paper, President Donald Trump’s son-in-law Jared Kushner’s sister, Nicole Kushner Meyer, was in Beijing on Saturday to promote a New Jersey apartment complex named Kushner 1 to “a ballroom full of wealthy Chinese investors”. The event, which had been promoted with a brochure tagged: “Invest $500,000 and immigrate to the United States”.

     

    Of the way in which the Kushner family behaved, Richard Painter, former chief White House ethics lawyer in President George W. Bush’s administration remarked:

     

    It’s incredibly stupid and highly inappropriate. They clearly imply that the Kushners are going to make sure you get your visa… They’re [Chinese applicants] not going to take a chance. Of course they’re going to want to invest”.

     

    Unsurprisingly, journalists found themselves evicted from the shindig. The Kushners’ reasoning? “The presence of foreign reporters threatened the ‘stability’ of the event. This is not the story we want”.

     

    Pictured above (left to right): Nicole Kushner Meyer, Jared Kushner, Ivanka Trump Kushner and Donald Trump.

     

    Trumping a Visa – Jared Kushner’s family exposed for promoting their links to the Trump presidency to flog flats (with visas) to Chinese investors by The Washington Post – Jared Kushner, Ivanka Trump Kushner, Donald Trump, Nicole Kushner Meyer, Kushner 1, China.

  • Domesticity Above A Canal

    Domesticity Above A Canal

    Conversion of “one of Europe’s first purpose-built office blocks” for sale; £3.5 million Grade II* listed Georgian house in Bath literally straddles a canal

     

    Some people dream of living beside a lake or a river, but a Grade II* listed detached property recently placed on the market in Bath gives anyone with £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) to spare the opportunity to literally live above a man-made waterway.

     

    Cleveland House – originally known as Canal House – stands on top of a bridge and tunnel that straddles the Kennet & Avon Canal and in spite of being built as “one of Europe’s first purpose-built office blocks” has a look that is very much “Georgian domestic”. The limestone ashlar, three-storey building was constructed to the designs of one of Bath’s greatest architects, John Pinch the Elder (1769 – 1827), between 1817 and 1820 and served as the canal’s management headquarters until 1864.

     

    Converted next to residential usage and then requisitioned for government use in 1939, the building again reverted to office usage. A property developer named Trevor Osborne then acquired it and commenced a transformation into what is described as “a truly exceptional Bath residence” in 2015.

     

    Aside from 7,218 square foot of accommodation, including 5 bedrooms and 5 bathrooms, what makes Cleveland House truly remarkable are its entertaining spaces. The 30-foot long former company boardroom, complete with a 20-foot high newly repainted domed ceiling, is now the house’s drawing room and in addition there is a formal dining room and a library. Whilst a fully prepared cinema room and wine cellars are housed in the basement, other points of note are a large, newly built family room, a first floor roof terrace and garaging for four cars.

     

    Cleveland House is offered by Carter Jonas.

     

    Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company.Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company.Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company. Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company.Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company. Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company. Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company.Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company. Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company.Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company. Domesticity on a Canal – Grade II* listed Cleveland House, Sydney Road, Bath, BA2 6NR – For sale for £3.5 million ($4.2 million, €4.5 million or درهم16.6 million) through Carter Jonas – Formerly known as Canal House and originally offices of Kennet & Avon Canal Company.

  • Living on a Prayer

    Living on a Prayer

    Converted Methodist chapel in Wiltshire for sale

     

    Currently used as a “highly successful” holiday let, The Old Chapel at Lacock, near Chippenham in Wiltshire is for sale for £600,0000 ($755,000 or €703,000 or درهم‎‎2.8 million).

     

    A former Methodist chapel, the 2,725 square foot property includes accommodation over three floors and currently features 4 bedrooms and 4 bathrooms. It is dominated by a vast double height, open plan living space with kitchen. Above, in the former choir gallery, is a sitting room with Gothic style arched mullioned windows, and beyond one finds a roof deck with two rooms with planning permission for development to provide two further rooms and a bathroom.

     

    To the front is a small lawned garden and parking is available on the nearby High Street.

     

    Selling agents Hamptons offer The Old Chapel either as a shell or with the existing furniture and fittings.

    Living on a Prayer – The Old Chapel, Chapel Hill, Lacock, Chippenham, Wiltshire, SN15 2LA – For sale through Hamptons for £600,000Living on a Prayer – The Old Chapel, Chapel Hill, Lacock, Chippenham, Wiltshire, SN15 2LA – For sale through Hamptons for £600,000Living on a Prayer – The Old Chapel, Chapel Hill, Lacock, Chippenham, Wiltshire, SN15 2LA – For sale through Hamptons for £600,000Living on a Prayer – The Old Chapel, Chapel Hill, Lacock, Chippenham, Wiltshire, SN15 2LA – For sale through Hamptons for £600,000Living on a Prayer – The Old Chapel, Chapel Hill, Lacock, Chippenham, Wiltshire, SN15 2LA – For sale through Hamptons for £600,000Living on a Prayer – The Old Chapel, Chapel Hill, Lacock, Chippenham, Wiltshire, SN15 2LA – For sale through Hamptons for £600,000Living on a Prayer – The Old Chapel, Chapel Hill, Lacock, Chippenham, Wiltshire, SN15 2LA – For sale through Hamptons for £600,000

  • Emir Bahadir – What’s on your mantelpiece?

    Emir Bahadir – What’s on your mantelpiece?

    A 20-question interview with 25-year old New York based BHDR real estate brokerage and development firm founder Emir Bahadir

     

    The Steeple Times shares “wit and wisdom”. What’s your guiding force?

    My driving force is being able to bridge the gap between international investors and local markets. Being a member of the fifth generation of my family, my guiding force is maintaining the business standards set forth by my ancestors.

     

    “Don’t get even, get medieval” is, in our humble opinion, a great motto. What’s yours?

    ‘More is more, work smart not hard’ and ‘Well done is better than well said’.

     

    Kerry Katona was considered unacceptable in 2007. Who or what is unacceptable in 2016?

    This is relative depending on the realm of the industry you are in. Two of the things that I find unacceptable are dishonesty and lack of communication.

     

    Tony Blair misses being Prime Minister. What do you miss most in your life?

    I miss my high school days when I had no responsibility and was surrounded by intellectual people. Maybe this has a lot to do with my young age and my active business life, even then. I feel I never got to be reckless after graduating from high school in Switzerland and became very responsible and focused instead.

     

    What might you swap all your wealth for?

    I would swap my wealth for helping end hunger and poverty throughout the world. Most people don’t have awareness of what the world’s real needs are.

     

    Donald Trump was once a case of: “If you owe the bank a thousand, they close you down; but if you owe the bank a billion, you own the bank”. What’s your view on the state of the financial system?

    Based on that comment, that statement is truthful. Based on that statement, today the banking system is changing for the better. I believe in the short-term we will see a lot of improvements.

     

    What phrase or word do you most loathe?

    I used to think: “The worst thing in life is to end up alone”. It’s not: “The worst thing in life is to end up with people who make you feel alone”. The reason why I hate this phrase is because it is so true.

     

    In the UK, some people consider charity to “begin at home”. What’s your view and what causes do you personally support?

    Charity does start at home. Growing up, my parents emphasised the importance of charity and then it became a way of life, a routine. I have volunteered in Zambia to help build schools and teach kids. Whilst there, we also took 500 mattresses to the schools in different tribes. Today, my family’s foundation helps hundreds of children with scholarships to study and become successful members of their communities.

     

    The judge in Law Abiding Citizen states: “I can pretty much do whatever I want” before being blown up whilst answering her mobile phone. What’s your view on the appropriate use of such devices?

    There is always a risk using any kind of technology regardless if it is security based or not. However, I think there is a strong need for technology, especially with the fast pace of the business world these days.

     

    If you could fill a carriage on The Orient Express, who would be your fellow passengers?

    Benjamin Franklin, Steve Jobs, Abraham Lincoln, Mozart and Picasso.

     

    If you were unfortunate enough to end up on death row, what would be your last meal and where would you eat it?

    I hope that won’t be my reality ever. However, to answer your question, I would like to eat the judge who sentenced me to death.

     

    What time is it acceptable to consume the first drink of the day?

    Lunchtime usually is the time to start. However, at weekends, noon bellinis are acceptable.

     

    A Negroni, a martini or a cup of tea?

    A martini; a very, very dirty martini.

     

    Whose parties do you enjoy the most and why?

    I do enjoy my own parties because I pay so much attention to the details prior. It means that, during the event itself, I can put all my energy and efforts into entertaining my guests.

     

    Who is the most positive person you know?

    My grandmother is one of the most positive people I know and my COO, Tanya, always calms me down when I get a little wound up.

     

    What’s your most guilty pleasure?

    Eating chocolate late at night.

     

    If a tattoo were to sum you up, what would it be of?

    Even though I have a tattoo of the OHM sign, it does not really sum me up. I wish it did. My other one, Dum Spiro Spero (When I Breath I Hope), would be the one to describe me. I tend to hope and dream and work hard to make my dreams come true.

     

    If you were a car, what marque would you be?

    A Bentley – Fast and furious, yet classy and comfortable.

     

    Cilla Black presented Surprise, Surprise. Tell us the most surprising thing about you.

    That I am humble and relatable to is a surprise to most people. Considering my background and my current motivation to succeed on another level, people don’t expect it.

     

    What’s currently sitting on your mantelpiece?

    I have a small sculpture by Jeff Koons.

     

    Emir Bahadir is a 25-year old entrepreneur based in New York. He was educated at the American School in Switzerland and New York University. Bahadir is the founder and CEO of the BHDR real estate brokerage and development firm, invests in tech startup firms and is also an art collector.

     

    Follow him on Instagram at @emirbahadir and use his own hashtag, #bahadiring

     

    Emir Bahadir – What’s on your mantelpiece? The Steeple Times conducts a 20 question interview with 25-year old New York based BHDR real estate brokerage and development firm founder Emir Bahadir – He is also a star of the website Rich Kids of InstagramEmir Bahadir – What’s on your mantelpiece? The Steeple Times conducts a 20 question interview with 25-year old New York based BHDR real estate brokerage and development firm founder Emir Bahadir – He is also a star of the website Rich Kids of Instagram Emir Bahadir – What’s on your mantelpiece? The Steeple Times conducts a 20 question interview with 25-year old New York based BHDR real estate brokerage and development firm founder Emir Bahadir – He is also a star of the website Rich Kids of InstagramEmir Bahadir – What’s on your mantelpiece? The Steeple Times conducts a 20 question interview with 25-year old New York based BHDR real estate brokerage and development firm founder Emir Bahadir – He is also a star of the website Rich Kids of Instagram

  • Slumping Super-Prime

    Slumping Super-Prime

    Sales of super-prime properties in the UK fall by 86%

     

    Yesterday, the property group London Central Portfolio released data that showed that sales of £10 million-plus properties in the UK had fallen 86% over the past year.

     

    Blaming hefty Stamp Duty increases and Brexit uncertainty, the firm reported that just 5 “super-prime” properties had changed hands between June and August compared to a recorded 35 a year earlier. All of the sales in the period this year were in Central London whilst such properties accounted for just 30% of the figure in the year previous.

     

    Top-end developers, whose sales accounted for 23% of the figure in 2015, were especially affected. They made zero sales in this price bracket in the period and now, according to Naomi Heaton, CEO of LCP, they are reworking their developments to create smaller, cheaper units.

     

    Slumping Super Prime – Sales of super prime properties in the UK slump 86% in 2016 due to Stamp Duty hikes and Brexit uncertainty reports the London Central Portfolio property group – October 2016
    Citygrove Securities PLC and McClaren Properties’ The Clearings development in Chelsea’s Milner Street is being reworked to include fewer super-prime properties

     

    Of this, Ms Heaton commented:

     

    “Many [developers are] looking to divide large, high-priced property into smaller flats to increase their attractiveness”.

     

    Examples given by LCP include Clivedale’s Hanover Square development – where the scheme is being reworked to create four times as many units – and Citygrove Securities PLC and McClaren Properties’ The Clearings development in Chelsea’s Milner Street – where seven townhouses will be replaced with smaller properties.

     

    Speaking more generally, Ms Heaton – who predicts the consequences of this development will be a £45 million fall in Stamp Duty receipts to the government – added:

     

    “This slowdown in the luxury property market—a big contributor for the Exchequer and UK economy—is very concerning. As the government faces the daunting task of negotiating Brexit together with a potential slowdown in the UK economy, it should consider its strategy on residential-property taxation carefully to ensure it meets its objectives of increasing revenues”.

     

    Stamp Duty on a £6 million property was £420,000 under the old system; it is now £633,750. On a £2 million property it was £100,000; it’s now £153,750 whilst in addition buyers of second homes and investment properties now have to pay an additional 3% surcharge also.

     

  • One family from new

    One family from new

    Grade I listed house in Northern Ireland offered for sale for the first time since it was built in 1620 (more…)

  • The folly of Riber

    The folly of Riber

    Derbyshire castle known as ‘Smedley’s Folly’ for sale for £9 million (despite requiring a further investment of at least £8 million) (more…)

  • Picture of the Week: The Wallies of Whalley

    Picture of the Week: The Wallies of Whalley

    Image of flooded Lancashire field complete with sign advertising it as a development site for 39 homes illustrates the perils of building on flood plains (more…)

  • Two into one

    Two into one

    Low-built £11.95 million Belgravia residence created by merging two properties into one is illustrative of how the total housing stock in the city’s most elite areas is being depleted

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  • Lauding Lucas

    Lauding Lucas

    George Lucas’ decision to build affordable housing on his estate is commendable – the Candy brothers in London should take note

    (more…)