Pink Floyd star's plans for homeless accommodation in London are turned down as world's most expensive house is sold nearby

£80m home is world’s most expensive private residence

A home with more than 10 bedrooms and an underground swimming pool has become the world’s most expensive single residential dwelling after being sold for £80m, the Daily Telegraph reported on Saturday. The detached Victorian villa in west London broke the previous record of £67m for the London home of Lakshmi Mittal, an Indian steel tycoon.

Pink Floyd star’s plan to aid homeless hits brick wall

Five years after Dave Gilmour sold his £3.6m London house to fund residences for the homeless, the Pink Floyd guitarist has accepted defeat according to the Observer. The ‘Urban Village’ plan faced overwhelming opposition from planners and locals in London, according to Gilmour.

Emin pays £4m to save art district

The controversial British artist Tracy Emin is to put £4m towards the redevelopment of a historic east London building, reports the Observer. The building, Tenter Ground, is a 17th century weaving works which has been adapted into artists’ studios.

Fears BAA faces a crash landing

BAA is on the verge of financial meltdown, according to The Observer. Analysts are warning that unless the airport operator’s parent Ferrovial takes measures to lessen its debt burden – most likely by selling off Gatwick Airport - BAA could be “in jeopardy” within 12 months.

Buyers squeezed as mortgage firms seek 10pc deposits

Lenders have begun demanding larger deposits from home buyers, reported the Daily Telegraph on Saturday. Research from financial research website MoneyFacts revealed in the past three months, 23 lenders have increased the size of deposit they require.

Cinven makes £1.5bn move for Trillium

Cinven, the private equity group, has approached Britain’s largest property company, Land Securities, about a takeover of its business outsourcing arm Trillium, reported The Sunday Telegraph. Land Securities is running a twin track auction and demerger process for Trillium in a move that could raise about £1.5bn.