Chinese giant to develop £700m London towers
A London site once owned by jailed property tycoon Achilleas Kallakis has been sold to a giant Chinese development and investment company.
Derwent to sell £132.5m Grosvenor Place stake
Derwent London has today announced that it has entered into non-binding heads of terms with Peninsula Hotels to sell its 50% interest in 1-5 Grosvenor Place SW1 for £132.5m.
Hammersmith poised to achieve record rents
Hammersmith is on the verge of achieving record rents of £47/sq ft, with Pernod Ricard under offer to take 40,000 sq ft at Development Securities’ Hammersmith Grove scheme in west London.
Westminster squares up to Boles in bid to block £800m Waterloo scheme
Westminster City Council and English Heritage have applied for a judicial review of plans that “would cause substantial harm” to sight lines around the Palace of Westminster, which forms a World Heritage Site together with Westminster Abbey.
Latest Brent Cross regeneration images released
New images and a consultation for a major regeneration scheme in London have been released.
Court rejects judicial review of London retail plans
The Court of Appeal has rejected the latest application to judicially review a British Land and Tesco retail scheme in London.
New River proposes £67m share placing
New River Retail has announced this morning that it intends to raise £67m through a share placing.
WELPUT hires agents to seek £200m Midtown partner
The West End of London Property Unit Trust has instructed advisers to seek a joint venture partner to buy a majority stake in its New Court scheme in London’s Midtown, Property Week can reveal.
Benson and XLB exchange on Ealing Cross
Benson Elliot and XLB Property have exchanged to buy a 135,000 sq ft office building in Ealing, west London, from Standard Life Investments for £37.7m.
Planning permission for Goodman megashed
Goodman has secured detailed planning consent for a megashed of 569,500 sq ft at Andover Business Park in Hampshire, enabling it to increase the development options on the park.
Co-operative Group in London move
The Co-operative Group has signed a lease for the whole of Beltane Asset Managemnent’s St Pauls House in the City of London, under plans to consolidate its London office under one roof.
£72m property mandates for DTZ parent company
DTZ’s parent company, UGL, has been awarded new global property services mandates totalling £72m.
AstraZeneca in £330m Cambridge deal
Cambridge Biomedical Campus has been selected as the site of AstraZeneca/MedImmune’s new global research and development centre and corporate headquarters, in a deal tipped by Property Week.
Segro makes £18m warehouse buy
Segro has bought a distribution warehouse in Burton-Upon-Trent for £18.1m.
GM Real Estate wins One Poultry mandate
The private owner of One Poultry has appointed GM Real Estate to advise on options for the City of London landmark.
Retailer Tessuti makes Liverpool debut
Fashion retailer Ted Baker has announced that it will increase its trading space at Liverpool One, as Tessuti sets up its first shop in Liverpool.
AXA makes €10bn debt commitment
AXA has today announced that it will increase its exposure to the infrastructure debt market with a commitment to invest around €10bn over the next five years.
Ronson secures £170m residential debt deal
Ronson Capital Partners, the investment firm established by Gerald Ronson and Jonathan Goldstein, has confirmed it has secured £170m of development finance to fund its central London residential riverside development, Riverwalk in Westminster.
JLL and Better Buildings Partnership launch new sustainability index
Jones Lang LaSalle and the Better Buildings Partnership have teamed up to provide a fresh set of data for comparing the environmental performance of commercial properties.
Schroders appoints CBRE to sell QVC headquarters in Chiswick
CBRE has been appointed by Schroders to sell QVC’s headquarters at Chiswick Park for £69m.
Hope for landlords after fresh empty rates ruling
Following a landmark decision by the high court, landlords have a new opportunity to avoid extensive business rates on empty commercial premises – through the use of Bluetooth messaging.
City Pride tower plans deferred
Plans to create a 75-storey residential skyscraper at City Pride in Canary Wharf have been deferred by Tower Hamlets council.
Colliers appoints Vodafone's former head of UK property
Colliers International has bolstered its European, Middle Eastern and African (EMEA) corporate solutions team, with a number of new appointments, including Rob Lewin as director.
LXB to sell £100m of Greenwich property
LXB Retail Properties has agreed to sell more than £100m of properties in Greenwich, south-east London, largely to clients of Aberdeen Asset Management.
Minister refuses to give reasons for office-to-resi exemptions
The planning minister has refused to reveal why some local authorities were not granted exemptions from controversial new planning rules.
CBRE signals “largest development surge in a generation”
The sustained dearth of shopping centre development in Great Britain is finally over, according to CBRE.
Wilson Bowden wins approval for £90m Macclesfield regeneration
Wilson Bowden Developments has secured approval from Cheshire East Council for its £90m Silk Street plans to revitalise Macclesfield town centre.
Intu submits £17m Eldon Square plans
Intu has submitted a planning application for a £17m redevelopment of two of the malls within its Eldon Square shopping centre in Newcastle.
Mayfair Capital undertakes second closing for prime residential fund
Mayfair Capital will undertake a second closing of its prime central London residential fund, with minimum investments of £500,000.
Portsmouth tall building unveiled
Plans for an 18-storey tower in Portsmouth have been unveiled in one of the city’s key regeneration sites.
Video: The Elifar Foundation Challenge 2013
In a field near Sudbury Hill, west London, 140 retail experts came together to take part in the Elifar Challenge, a sports and team building event to raise money for the Elifar Foundation.
Johnson Fellows wins West Mids contract
Johnson Fellows has secured an extension to its contract to manage the West Midlands Portfolio on behalf of the Greater Manchester Pension Fund.
Valad offloads Worcester shed
Valad Europe has sold a 200,000 sq ft distribution warehouse in Worcester to the occupier, Wolseley UK Limited.
Co-op Bank explores loan sales as focus shifts away from property
The Co-operative Bank has confirmed that it is setting up a division to explore the possibility of selling loans as part of a deleveraging process designed to plug a £1.5bn black hole in its finances.
Lib Dem crackdown
Deputy leader Simon Hughes guns for overseas resi investors in London ahead of 2015 election campaign
LandSecs prepares to sell flagship RBS offices
Land Securities is preparing to sell Royal Bank of Scotland’s largest offices in London for £312m.
Europe’s logistic bonanza
Healthcare of Ontario Pension Plan ties up with Verdion, following Brookfield and Norges into sector.
Isle of Dogs’ £750m resi trick
Berkeley drafts in Foster & Partners as Telford Homes and Orca Finance prepare planning applications
Marcus Cooper plans £200m jewel in Regent’s Park Crown
Developer takes leases from Crown Estate in bid to create one of UK’s most expensive residences.