London Property NewsWelcome to London's property news at PropertyWeek.com, bringing you all the latest news and views from the UK capital.
Skyscanner has landed 24,000 sq ft at The Avenue, AshbyCapital and Exemplar’s office and retail development on Tottenham Court Road.
Thor Equities and Meyer Bergman have announced plans to sell the Burlington Arcade in Mayfair for a reported £400m.
London councils own 22,000 empty lock-up garages in the capital which could make room for at least 16,000 homes, according to research by property crowdfunding platform Property Partner.
DTZ Investors has sold Folgate Court, its Spitafields-based office refurbishment and development opportunity, to Brockton Capital for £24.5m, reflecting a capital value of £736/ sq ft.
Regent Street Partnership, a joint venture between The Crown Estate and Norges Bank Real Estate Management, has acquired the long leasehold interest in 10 Piccadilly for £129m.
Lothbury Investment Management has let the last remaining unit at its St James’s office scheme in London’s West End at a rent of £115/sq ft.
Trendy London coffee chain Department of Coffee and Social Affairs has snapped up a store in Bristol’s Cabot Circus for its first unit outside the capital.
Brockton Capital and Landid have signed up Swedish firm BTS to a 10-year lease at One Queen Caroline Street in Hammersmith, west London.
Creative workspace provider Spaces will open its second London centre, at Park Royal, as it continues its UK expansion.
Whitbread has sold two London hotel sites for more than £200m in sale-and-leaseback deals with M&G Real Estate and Aviva Investors.
Online retailer MATCHESFASHION.COM has expanded its headquarters presence in The Shard by 40% to leave the building’s 600,000 sq ft of office space 97% let.
London and Continental Railways (LCR) has signed up three flagship tenants to its Leake Street Arches retail scheme below Waterloo station.
Barratt Developments has reported a sharp drop in completions in London during the second half of 2016.
Independent property consultancy Hanover Green has hired two retail agents for a new division of their London office.
UD Europe and Kajima have secured a 37,420 sq ft letting to communication company NTT Europe at One King William Street.
London property features & opinion
Croydon Council’s development company Brick by Brick has identified more than 50 sites for housing and revealed plans to develop 1,000 homes in total.
It’s all change at the London Festival of Architecture (LFA). For the first time since the financial crisis, the annual celebration of the capital’s built environment, which takes place in June, has a full-time executive director in the form of Tamsie Thomson.
Wimbledon is a district in south west London that is experiencing high population growth, with a predicted 10-year population increase of 11%.
Ealing Broadway has emerged in the ranking as the third most prominent retail hot spot in the UK for investment, scoring highly consistently across all the variables.
London property data
The Borough of Hackney has the most active development pipeline when it comes to hotels, according to Colliers International’s latest London Index.