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Software firm acquires insurance company
the revised plans. Mr Desmond’s company Northern & Shell made an appeal against Tower Hamlets’ non-determination of the planning application from April last year. A planning inspector then recommended that Northern & Shell's appeal should be dismissed. But the secretary of state for housing, communities and local government said that he disagreed with the inspector’s recommendation, allowing the appeal to stand and giving current plans for the site the go-ahead. assumption about the market in which the landlord's interest is valued. Within each regime are further 'sub-options' for reform. These include capping the level of ground rent to calculate the premium and creating an online calculator to work out the cost of enfranchisement. The reforms were immediately branded by campaigners as “nothing more than tinkering”. Tot risks life on flat ledge A toddler risked their life by walking along the fifth floor ledge of a Tenerife apartment. A video shows the girl walking on the corner of the family’s holiday flat in Playa Paraíso, in Adeje, while her mum was reportedly in the shower. After climbing out of a window and walking along the ledge, the child reaches a railing around a balcony and sits down on it. The management of the building have sent a safety report to the town hall in response to the incident.
A software solutions firm for the property market has acquired an insurance company to help protect tenants and landlords. MRI Software has announced that it has bought Multifamily Insurance Partners. It plans to put resident insurance compliance programmes in place for tenants. Bosses say it will help property owners and A £1bn regeneration project in East London that will see 1,500 new apartments developed has been given the green light. Housing Secretary Robert Jenrick has overruled a planning inspector to grant permission for a 15-acre site on the Isle of Dogs. The Docklands site was once home to the Westferry Printworks and housed the Daily Telegraph and Daily Express. Media tycoon Richard Desmond is behind the development next to Millwall Harbour, which will consist of flats, restaurants and M arriage value should not exist, a trustee of the Leasehold Knowledge Partnership has said. Dean Buckner made the comments to the BBC on the eve of the Law Commission’s long- awaited proposals to reform the £2.5bn enfranchisement business. Marriage value is the supposed increase in value of a property when the freehold is
and residents. “Offering renters insurance via online portals gives MRI clients more options for creating a fully automated system that addresses the preferences and habits of modern renters; and a tightly integrated and intuitive insurance compliance program is crucial for property owners and managers to know their buildings are protected from any risk.”
operators close insurance gaps and minimise loss. David Carner, senior vice president of residential solutions for MRI Software, said: “Acquiring Multifamily Insurance Partners enhances “It enables MRI to make resident insurance available as part of a single, fluid leasing and on-boarding process that protects both property owners MRI’s comprehensive residential offering.
Green light for £1bn docklands project
flexible workspaces. He scaled up the size of the development in 2018, doubling the number of planned new homes to 1,500.
The former Daily Express owner has faced local opposition over the scheme, with the Mayor of Hackney objecting to the increased height and density of
LKP trustee hits out at marriage value
the supposed additional ‘profit’. You are asking someone to pay someone else for something they already own.” Every year there are around 100,000 lease extensions and about a fifth of them involve calculations for marriage value. The Law Commission has presented three schemes for a new regime to calculate the cost of enfranchisement. Each is based on a different
added to the least.
It is relevant in the calculations of extending leases of less than 80 years. Former Bank of England regulator Dr Buckner said he objected to the payment because the leaseholder had already paid for the extension. He told the BBC: “If the leaseholder has already paid for the extension, there should not be any compensation for
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