Aviva Investors has sold 20 Soho Square in London’s West End to a private European investor for a price believed to be £117m.
AXA Investment Managers-Real Assets has sold Ropemaker Place, in the City of London, to a subsidiary of Singapore’s Ho Bee Land for £650m.
Planning permission has been granted for three developments in Old Oak that represent the first major private sector schemes approved within London’s largest designated ‘Opportunity Area’.
Croydon council’s head of planning Heather Cheesbrough clashed with CNM Estates chairman Wahid Samady over the London mayor’s housing policy after he said the 50% affordable homes target on public land was “a nonsense” during a panel debate at The London Real Estate Forum.
Workspace Group has received planning consent to refurbish a duo of key schemes at Greville Street and The Biscuit Factory for new flexible workspace locations.
WeWork Property Advisors, the joint venture set up by WeWork and Rhone Capital, has secured planning permission for the refurbishment and re-development of two offices in the City of London: 51 Eastcheap and 120 Moorgate.
Samsung is to open a “creative and digital playground” within the Kings Cross regeneration scheme after signing a deal with Argent to take a 20,000 sq ft space at Coal Drops Yard.
Office take-up in central London hit 1.3m sq ft in May, well above the 10-year average of 1m sq ft and taking the year-to-date total to 4.9m sq ft, 15% higher than at the same point in 2017.