London Property NewsWelcome to London's property news at PropertyWeek.com, bringing you all the latest news and views from the UK capital.
The Silvertown Partnership plans to build a 300,000 sq ft hub for competitive video gaming as part of the first phase of its £3.5bn regeneration project at the Royal Docks.
The Mayor of London Sadiq Khan has withdrawn his support for the Garden Bridge project saying he would not provide the financial guarantees needed for construction to begin, making the proposed bridge unlikely to proceed.
Skanska has put the City of London office, the Monument Building, on the market for £130m.
Kennedy Wilson Europe Real Estate has carried out a series of leasing deals across its portfolio.
Standard Life Investments has hoisted a £125m for-sale sign over a prime West End office on the back of a record quarterly performance in the market.
A former printing press and gin distillery in London’s Clerkenwell is set to be transformed into a new office, art and cultural hub for the creative industries.
JR Capital has completed a reversionary purchase of an office investment in Shoreditch as part of a planned deployment of £50m-£75m of equity in central London over the course of 2017.
Two former JLL senior directors have officially launched a new niche advisory firm focused on the central London investment market.
Al Gurg Group is in exclusive talks to buy 2&3 Bankside from M&G Real Estate for just under £400m.
The UK’s largest housing association, Clarion Housing Group will invest £1bn in the regeneration of three estates in the London Borough of Merton, Property Week can reveal.
WELPUT has exchanged contracts to sell 3 St James’s Square to a consortium of investors in Joint Treasure International for £135m.
Grosvenor Group, the Duke of Westminster’s property empire, recorded a 5% fall in revenue profit in 2016 as the London market cooled.
A new 48,000 sq ft mixed-use scheme has been unveiled by Shaftesbury as part of a £15m development at the eastern gateway to Chinatown.
Market Tech Holdings has agreed a takeover offer from Israeli billionaire Teddy Sagi’s LabTech Investments, which values the company at almost £900m.
Investment banking provider LXM Group has relocated its UK headquarters from Belgravia to the redeveloped 48 Pall Mall offices, becoming the building’s first tenant.
London property features & opinion
The regeneration of Meridian Water in Enfield, north London, has been a long time coming. It has been seven years since Enfield Council first started assessing the site and four years since it drew up its masterplan for the area, which sets out proposals for 10,000 homes, making Meridian Water one of London’s largest development projects.
London’s beleaguered prime residential market appears to be showing the first tentative signs of recovery.
The City of London investment market saw £1.9bn of commercial real estate transactions in March, taking the total for the first three months of the year to £2.6bn, the largest first quarter since 2007, according to Savills.
Greenwich has become the latest London borough to set out its stall to developers and investors, pitching itself as a well-connected cultural hub with a need for better affordable housing.
London property data
London office vacancy rates increased in the first quarter mainly because of the high volume of secondhand space hitting the market, according to data from Colliers International.