London news
Aviva sells 20 Soho Square for £117m
Aviva Investors has sold 20 Soho Square in London’s West End to a private European investor for a price believed to be £117m.
Singapore group buys AXA’s Ropemaker for £650m
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.
Trio of Old Oak schemes get green light to kickstart £26bn development
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 clashes with CNM Estates over "nonsense" affordable housing targets
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 takes Biscuit with double refurbishment approval
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 secures planning for two City redevelopments
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 signs for 20,000 sq ft King’s Cross ‘playground’
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.
Central London office market sees 15% uplift in take-up
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.
The Epworth goes on the market for £78m
London & Regional Properties has put Shoreditch office building The Epworth on the market for £78m.
