Latest news with #propertyinvestment
Daily Mail
4 hours ago
- Entertainment
- Daily Mail
Calvin Harris installs 'privacy glass' at his $4.8m Cotswold mansion after realizing bus passengers can see inside
is one of the many celebs relocating to the Cotswolds, England who has found that country life isn't as idyllic as it's cracked up to be. After buying a mansion for $4.8million, flattening it and rebuilding it over five long years, he has discovered that a bus route roars right past – allowing anyone on board to look right into his house. The DJ has had to put in one way glass to preserve his privacy. The reflective glass allows him to see out, but no-one to see in and it was visible for the first time this week as scaffolding was removed from the enormous home. Buses from local coach firm Pulhams Travel thunder past the house on an eight-stop circular route which takes an hour and joins Calvin's new village to the local Gloucestershire market town. The DJ, 41, is set to move into his stunning mansion with his pregnant wife, Countryfile and Radio 1 presenter Vick Hope later this summer. He has also reportedly bought two neighboring homes and is eyeing up a third, bringing his total spend in the area to an estimated $20.2million. Since he sold his song catalogue in 2020 for a reported $102 million he has invested heavily in property. Already the owner of a $16 million mansion in Los Angeles, a $10.1 million London townhouse, and a 138-acre farm in Ibiza, Calvin appears to have found his UK base in the Cotswolds, alongside celebrity neighbors Kate Moss, and Jeremy Clarkson. Ellen DeGeneres also relocated to the Cotswolds late last year but sold her house and moved to another nearby property. The first house had come close to flooding after a deluge and she also found that a width restrictor at the end of her lane was too narrow for her 4x4 to comfortably pass. Meanwhile the Beckhams, who bought their home in the Cotswolds in 2016 had a number of planning issues during their renovations. Earlier this month one of their neighbors objected to the Beckhams plans to renovate a barn, saying 'This is just the latest in a long line of applications to build new structures on this land, plus a giant lake. Why do famous people move out to the country and then clutter up their land with endless buildings and make silly alterations? It makes no sense.' However, permission was granted.
Yahoo
8 hours ago
- Business
- Yahoo
Woodfield, Northwestern Mutual sell Florida apartment tower for $87M
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Property: Griffis West Palm Buyer: Griffis Residential Seller: Northwestern Mutual Life Insurance Co. and Woodfield Development Property type: High rise Units: 223 Location: West Palm Beach, Florida Total purchase price: Earlier this month, Griffis Residential entered the South Florida market by purchasing Anya, a 223-unit high-rise in West Palm Beach, Florida, for $87 million, according to a news release. The Greenwood Village, Colorado-based owner and operator acquired the property, which also has 3,132 square feet of retail space, from Northwestern Mutual Life Insurance Co. and Charleston, South Carolina-based Woodfield Development, No. 21 on the National Multifamily Housing Council's most recent Top 25 developers list. 'Buyer interest in Anya was exceptionally strong, multiple pension fund advisers vied for the property,' Greg Bonifield, co-founder of Woodfield, told Multifamily Dive. 'Its premier location in Downtown West Palm Beach, high-end finishes and amenities, and the unprecedented growth in Palm Beach County drew numerous buyers to Anya, despite challenging capital market conditions.' Griffis Residential has rebranded Anya, built in 2023, as Griffis West Palm. The property offers studio to three-bedroom apartments, ranging in size from 535 to 1,579 square feet, according to Rents sit between $2,495 and $7,295. Griffis West Palm's features include a year-round resort-style pool with cabanas, coworking pods, an outdoor yoga studio, outdoor grilling stations, a rooftop deck, a 24-hour fitness center with spin room, electric vehicle charging stations and package lockers, according to The buyer purchased the property through Griffis Residential Income Trust, an open-end, perpetual life multifamily fund launched in 2020. The transaction marks GRIT's ninth acquisition and was supported by a 10-year, fixed-rate, interest-only financing structure. Griffis owns and manages approximately 8,000 units and has roughly $3.2 billion in assets under management in 10 markets. The firm is prioritizing acquiring high-quality, core apartment properties in markets with strong economic and demographic trends, according to Ian Griffis, chairman and co-CEO of the firm. 'Its resilient fundamentals and income-producing characteristics align with our objective to deliver stable cash flow and long-term value through disciplined asset-level execution,' Griffis said about the West Palm Beach area in the news release. Despite the sale, Bonifield says the multifamily transaction environment is still slower than he would prefer. 'Deals that are transacting are well located and are typically sub-five caps, which is positive,' Bonifield recently told Multifamily Dive. 'There's just not a lot of transactions. But there is a lot of interest in deals that go on the market." Click here to sign up to receive multifamily and apartment news like this article in your inbox every weekday. Sign in to access your portfolio
Daily Mail
a day ago
- Entertainment
- Daily Mail
Feel TOO close to you right now? Calvin Harris installs 'privacy glass' at his £3.6m Cotswold mansion after discovering local bus passengers can see inside
Pop superstar Calvin Harris is one of the new breed of celebs relocating to the bucolic Cotswolds who has then found that country life isn't as idyllic as it's cracked up to be. After buying a mansion for £3.6million, flattening it and rebuilding it over five long years, he has discovered that a bus route roars right past – allowing anyone on board to look right into his house. The DJ has had to put in one way glass to preserve his privacy. The reflective glass allows him to see out, but no-one to see in and it was visible for the first time this week as scaffolding was removed from the enormous newbuild. Buses from local coach firm Pulhams Travel thunder past the house on an eight-stop circular route which takes an hour and joins Calvin's new village to the local Gloucestershire market town. The Scottish hitmaker, 41, worth an eye-watering £250million, is set to move into his stunning mansion with his pregnant wife, Countryfile and Radio 1 presenter Vick Hope later this summer. Harris has also reportedly bought two neighbouring homes and is eyeing up a third, bringing his total spend in the area to an estimated £15million. Calvin, who once worked in a fish factory and stacked shelves at Safeway to buy his first decks, has since topped charts with 11 UK No1s and raked in millions from a Las Vegas residency. Since he sold his song catalogue in 2020 for a reported £76million he has invested heavily in property. Already the owner of a £12million mansion in LA, a £7.5million London townhouse, and a 138-acre farm in Ibiza, Calvin appears to have found his UK base in the Cotswolds, alongside celebrity neighbours like Kate Moss, and Jeremy Clarkson. American star Ellen DeGeneres relocated to the Cotswolds late last year but sold her house and moved to another nearby property. The first house had come close to flooding after a deluge and she also found that a width restrictor at the end of her lane was too narrow for her 4x4 to comfortably pass. Meanwhile the Beckhams, who bought their home in the Cotswolds in 2016 had a number of planning and issues during their renovations. Earlier this month one of their neighbours objected to the Beckhams plans to renovate a barn, saying 'This is just the latest in a long line of applications to build new structures on this land, plus a giant lake. Why do famous people move out to the country and then clutter up their land with endless buildings and make silly alterations? It makes no sense.' However permission was granted.
Khaleej Times
a day ago
- Business
- Khaleej Times
Arabian Ranches 2 villa renovated by DMDC sold for a record-breaking Dh14.5 million
A newly renovated luxury villa in Arabian Ranches 2 has set a new benchmark, selling for Dh14.5 million – the highest recorded property transaction in the community. The villa has been fully renovated by leading construction and design firm DMDC, following a premium aesthetic of modern minimalism and further reinforcing the area's status as a sought-after destination. The six-bedroom property sits on an expansive 7,543 plot and features walk-in wardrobes, en-suite bathrooms, two spacious living rooms, a state-of-the-art German Hacker kitchen, a dining room for formal occasions, and a dedicated office space. Outdoor amenities include lush landscaping, a private swimming pool, a fully equipped outdoor kitchen, and a leisure area designed for entertaining guests. This combination of features is a rare find in the community, contributing to the home's evident appeal. The transformation aligns with the growing trend of investing in properties, renovating them, and reselling at a premium price. This approach continues to shape Dubai's luxury real estate market, with investors focusing on high-end refurbishments to maximise property value. 'We are pleased to have renovated this stunning villa. Our team envisioned a modern, minimalistic space that embodies exclusivity, and we're thrilled to see our efforts translate into a record-breaking sale. This milestone reinforces our commitment to delivering exceptional living experiences,' said Raji Daou, CEO of DMDC. Since its inception in 2021, DMDC has evolved into a team of over 700 professionals dedicated to transforming residential, office, and retail spaces. By merging cutting-edge technology, creativity, craftsmanship, and sustainable building practices, they deliver tailored solutions with uncompromising quality. Market reports for Q1 2025 indicate sustained demand for properties in Arabian Ranches 2, with limited stock and rising prices further enhancing its investment potential. Industry experts emphasise the community's long-term value and stability, positioning it as a prime choice among end users and investors alike.
Daily Mail
a day ago
- Business
- Daily Mail
NAB boss slammed for 'peak boomer' advice for building wealth as everyday Aussies battle a housing crisis
The long-serving former chief economist of one of Australia's big banks has come under fire for comments widely criticised as tone-deaf and out of touch. Alan Oster, who retired in March after 32 years with NAB, shared his views on building wealth in a recent interview with the Australian Financial Review. His advice? Invest in property and wait. 'Buy a good property and hold it, is basically the bottom line,' he told the publication. 'We've still got some property down in Portsea and we tend not to sell under normally about 15–20 years.' But his comments sparked immediate backlash. 'This is funny because Oster [thinks] this is helpful... advice but it's effectively a Paris Hilton singlet saying 'don't be poor',' wrote journalist Mark Di Stefano on X. Di Stefano jokingly referenced the infamous doctored image of Paris Hilton, where her shirt was edited to read 'Stop being poor', and subsequently went viral. In reality, the shirt originally said 'Stop being desperate'. Oster's remarks follow the reported sale of his five-bedroom home in Melbourne's affluent suburb of Brighton. The property was said to have fetched around $5.5million, reportedly roughly double its 2012 purchase price. Oster told that the reported figure was inaccurate, though he did not provide an alternative price. According to the current median house price in Brighton is just over $3million. Alex Joiner, Chief Economist at IFM Investors, described Oster's remarks as a 'misstep,' saying they highlighted a disconnect from reality for first-home buyers. 'People struggling to buy a home won't like to be told by a Brighton resident how to get a home,' Joiner said. He added that Oster had benefited from 'structurally lower interest rates, financial deregulation, multiple enormous property booms, and discounted rates and fees from his employer'. Olster recently sold a home in Brighton (pictured) - one of Melbourne's most exclusive areas Cameron Kusher, Director of Economic Research at Real Estate Australia, also criticised the piece, saying, 'It wasn't a great read'. 'Most people could only dream of owning a Brighton home. Most buy at much lower prices in much worse locations, and prices haven't risen like they have in Brighton.' Other readers were less forgiving. 'It's an indictment on this country when the long-serving chief economist of a major bank is reduced to recommending buying luxury property rather than offering any critical analysis,' one wrote. 'Wow, can really see why he was a chief economist. "Buy a good property and hold it",' one person wrote sarcastically. 'Thank goodness there's no housing crisis in Australia and properties are generally affordable, or this article would be pure tumbrel remark,' another commented. 'Peak boomer,' someone else simply replied. The comments come just weeks after a global housing study ranked five major Australian cities among the 20 least affordable in the world. Sydney was ranked the second most unaffordable city globally, behind only Hong Kong. Adelaide came in 6th, Melbourne 9th, Brisbane 11th, and Perth 18th.
