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London Property News

Welcome to London's property news at PropertyWeek.com, bringing you all the latest news and views from the UK capital.

21 Moorfields

Deutsche Bank set for Moorfields HQ move

24 March 2017

Deutsche Bank is in discussions to prelet Land Securities’ 21 Moorfields for its new City of London headquarters.

Moncler secures new London store

24 March 2017

Luxury skiwear brand Moncler has agreed a deal which will see it open a new store on London’s Albemarle Street.

Virgin Active gym in Wandsworth

Orchard Street runs for gym

24 March 2017

Orchard Street Investment Management has acquired a Virgin Active gym in Wandsworth, south-west London, from TH Real Estate for £12.95m.

Pocket Croydon

OakNorth finances Pocket Living’s 153 affordable homes in Croydon

24 March 2017

OakNorth has completed a £4m loan to Pocket Living, which has secured an unconditional land deal to develop 153 affordable homes in central Croydon.

Citigroup Centre

Knight Frank appointed to sublet Citigroup's Canary space

24 March 2017

US banking giant Citigroup has drafted in Knight Frank to work alongside Cushman & Wakefield to sublet 170,000 sq ft of its office space in Canary Wharf.

Thistle Hotel Topland

Topland Group set to sell prime West End hotel

23 March 2017

Topland Group is seeking offers for its leasehold interest in Every Hotel at 31-39 Coventry Street in the West End.

Dorsett Hotels Paladium

Green light for Shepherds Bush Palladium to be transformed into serviced apartments

22 March 2017

Planning permission has been agreed for the historic Shepherds Bush Palladium to be transformed into serviced apartments.

Fleet Place House

Grosvenor sells City office for £96.5m

21 March 2017

Grosvenor Europe has sold Fleet Place House in the City of London to Beijing Capital Development Holdings (Beijing SHOKAI) for £96.5m.

Boom cycling profile

Boom Cycle flagship for Battersea Power Station

21 March 2017

Fitness brand Boom Cycle has announced plans for a new flagship studio at Circus West Village, part of the Battersea Power Station redevelopment.                                

Canary Wharf

Saïd Holdings refinances Canary Wharf block

20 March 2017

Saïd Holdings has completed a £137.5m refinancing of the debt on its Canary Wharf office building, 5 Churchill Place. 

Modern apartment lounge

Oxford Properties to make £1bn-plus BTR push

17 March 2017

Oxford Properties is poised to make its first foray into build-to-rent (BTR) in a move that could see it commit “in excess of £1bn” to the burgeoning sector, Property Week can reveal.

Police logo

Met appoints Knight Frank to dispose of 250 buildings

16 March 2017

The Metropolitan Police has hired Knight Frank to advise it on the disposal of around 250 surplus buildings in London.

Walkie-Talkie tower

Canary Wharf Group mulls sale of Walkie Talkie stake

16 March 2017

Canary Wharf Group has approached agents about selling the 50% stake it manages in 20 Fenchurch Street, otherwise known as the Walkie Talkie, for around £600m.

Paddington Cube

Javid gives green light for Paddington Cube plans

16 March 2017

Communities secretary Sajid Javid has given the go-ahead for Sellar Group’s Paddington Cube plans.

New Covent Garden scheme

Nine Elms deal falls through

15 March 2017

A deal for St Modwen and Vinci to sell their 1,900-home residential site at Nine Elms in Battersea has fallen through, the companies have confirmed.

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London property features & opinion

Cartwright_Gdns UPP inside

Student housing developers set sights on central London

Student accommodation developers are returning to central London to fill the void created by housebuilders retreating in the wake of the slowdown in the capital’s high-end residential market.

Courtyard of Chengdu China

Q&A: LFA report shows how valuable architecture is to London’s economy

The economic value of London’s architecture sector was revealed for the first time last week in new research published by the mayor of London’s economics team in partnership with the London Festival of Architecture (LFA).

East Village Delancey

Get Living on hunt for sites in major UK regional cities

Get Living is expanding its horizons beyond London, where it is best known as the owner and manager of the 1,439 homes at East Village in Stratford - one of the first and most recognisable rental developments in the UK.

London skyline

London retains its crown as investors’ top European city

London has held on to its position as the most attractive city in Europe for real estate investment despite concerns over Brexit, a major investor survey has found.

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London property data

Cap value changes

Prime London house prices to rise by 10% over next five years

After a tough 2016, house prices in prime central London are forecast to grow by 10.3% over the next five years, according to Cluttons’ residential market outlook report.

more london data...

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Poll

With Crosslane, Amiri Capital & UPP all involved in major student accommodation deals this week, is the sector set to eclipse its record £5.7bn-worth of annual deals in 2017?