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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.

Silvertown new

Silvertown to house Europe’s biggest ‘esports’ hub

28 April 2017

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.

Garden Bridge

Khan refuses to back £200m Garden Bridge proposals

28 April 2017

The Mayor of London Sadiq Khan has withdrawn his support for the Garden Bridge project saying he would not provide the financial guarantees needed for construction to begin, making the proposed bridge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.

monument building

Monument Building on the market for £130m

28 April 2017

Skanska has put the City of London office, the Monument Building, on the market for £130m.

111 Buckingham Palace Road

KWE re-gears Telegraph’s 125,000 sq ft lease in Victoria

28 April 2017

Kennedy Wilson Europe Real Estate has carried out a series of leasing deals across its portfolio.

105 wigmore street

Standard Life to cash in on West End uptick

28 April 2017

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.

Technique Laser House

General Projects tries new Technique at Laser House

28 April 2017

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.

14 Shepherdess Walk JR Capital

JR Capital kicks off £75m London office investment with reversionary Shoreditch purchase

28 April 2017

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.

corbettnortham

Ex-JLL bigwigs launch new boutique firm

27 April 2017

Two former JLL senior directors have officially launched a new niche advisory firm focused on the central London investment market.

Omnicom Bankside

Middle Eastern investor closes in on £400m South Bank scheme

26 April 2017

Al Gurg Group is in exclusive talks to buy 2&3 Bankside from M&G Real Estate for just under £400m.

Highpath Estate Clarion

Clarion to pour £1bn into Merton estate regen

26 April 2017

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.

3SJS

WELPUT exchanges on 3 St James’s Square sale

26 April 2017

WELPUT has exchanged contracts to sell 3 St James’s Square to a consortium of investors in Joint Treasure International for £135m.

Mark Preston, Grosvenor

Profits fall at Grosvenor as London market cools

25 April 2017

Grosvenor Group, the Duke of Westminster’s property empire, recorded a 5% fall in revenue profit in 2016 as the London market cooled.

Central Cross Shaftesbury

Shaftesbury to create 48,000 sq ft mixed-use scheme for Chinatown gateway

25 April 2017

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.

Camden Market

Sagi takes Market Tech private

24 April 2017

Market Tech Holdings has agreed a takeover offer from Israeli billionaire Teddy Sagi’s LabTech Investments, which values the company at almost £900m.

48 Pall Mall REM

LXM checks in as 48 Pall Mall's first tenant

24 April 2017

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.

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London property features & opinion

Meridian Water Masterplan north

Regeneration of Meridian Water starts to take shape

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.

Battersea Power Station

Are green shoots appearing in prime London resi market?

London’s beleaguered prime residential market appears to be showing the first tentative signs of recovery.

Fleet Place House

City records highest Q1 investment since 2007

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. 

Kidbrooke Village, Greenwich

Greenwich earmarks periphery for renewal

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.

RSS feed for London property data

London property data

London office absorption

Vacancy rates on the rise in the London office market

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.

more london data...

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Will 2017 see a marked increase in M&A activity in the listed property sector following this week’s proposed takeovers of Market Tech and Kennedy Wilson Europe?