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.
Property Week discusses the latest megadeal in a flurry of deals undertaken by Chinese investors.
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.
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.
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