NEWS
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The Apprentice winner Rachel Woolford, who owns North Studio (Harrogate), was recognised in the Yorkshire Young Achievers Awards. She was presented with an award for Achievement in Management and Enterprise at the 30th annual Yorkshire Young Achievers Awards by Jan Fletcher OBE. The Awards, sponsored by McCormicks Solicitors, are celebrating their 30th anniversary and mark the achievements of outstanding young people aged under 35 from across Yorkshire.
Mera Investment Management, the family office owned specialist real estate funder, has today announced it will look to deploy £150 million of private capital to fund or invest in £250 million of prime UK real estate over the next 18 months. Months of speculation around the proposed abolition of the non-dom tax status, which was confirmed in the Budget, had already led many High Net Worth Individuals (HNWIs) to leave the UK in favour of lower tax jurisdictions, including Dubai, Switzerland and Italy. This has resulted in an influx of prime residential properties coming on to the market, particularly in Prime Central London, the sales of which will be buoyed by the recent interest rate reduction. The US election could also boost demand for high-value properties, with a strong dollar supporting a mobilisation of capital into London and real estate agents have already reported receiving an influx of enquiries from US buyers in the wake of Trump’s election victory.
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