London news
Crossrail delayed as government provides £1.3bn loan
The opening of Crossrail has been delayed again as Transport for London says the project needs an additional £1.7bn to be completed.
Middle Eastern investor buys Victoria Beckham HQ
Victoria Beckham’s global headquarters in west London has been acquired by Dubai based investor SRG Holding for £16.8m.
Premier Inn signs for hotel in Canary Wharf
Rockwell Property has announced Premier Inn as the occupier of a new 400-bedroom hotel in Westferry, east London, in what will become one of the largest Premier Inn hotels in the UK.
OakNorth provides loan for Z Hotel scheme in central London
OakNorth has provided a loan to Z Hotels for the acquisition and conversion of an office building in Trafalgar Square, London.
HB Reavis reveals plans for 30-storey South Bank tower
HB Reavis has revealed plans for its mixed use Elizabeth House scheme, which include 1m sq ft of office space and a new public street linking the development to Waterloo Station.
Tak Lee criticises Shaftesbury's investment strategy
Shaftesbury’s largest shareholder, Hong Kong billionaire Sammy Tak Lee, has written a letter to the company’s legal counsel criticising its acquisition financing strategy.
Law firm signs for 36,500 sq ft at The Scalpel
Law firm Morrison & Foerster has signed for 36,500 sq ft of space at London’s newest office tower, The Scalpel at 52 Lime Street, London.
Landsec buys Southwark development site for £87m
Landsec has paid £87.1m for a 1.6-acre site in Southwark, south London, from a private company.
The Point reaches full occupancy
Tishman Speyer’s The Point office building in Paddington is fully let, following the signing of two new leases.
