LATEST PROPERTY NEWS
A London site once owned by jailed property tycoon Achilleas Kallakis has been sold to a giant Chinese development and investment company.
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 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 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.
New River Retail has announced this morning that it intends to raise £67m through a share placing.
House builder Berkeley Group this morning reported profit before tax was up 26% in its full-year results, as it cashed in on savvy acquisitions during the downturn and a subsequent boom in London house prices.
Property Week: Latest Issue
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.
Property Week TABLET APP
The Property Week tablet app offers the weekly magazine content plus up-to-date commercial property news, best reports from the year and key industry stories selected by our editorial team. Available for iPad and Android.