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London news
UAE investor Aldar Properties in £230m deal to buy London Square
UAE-based real estate group Aldar Properties has completed the acquisition of UK residential developer London Square.
Michael Gove intervenes on Sadiq Khan’s rejection of the MSG Sphere in Stratford
Housing secretary Michael Gove has ordered a six week pause to determine whether he should have the final say on proposals for the MSG Sphere in Stratford, east London, after mayor of London Sadiq Khan rejected controversial plans for the Las Vegas-style entertainment venue.
Crystal Palace seeks £45m to kick off football stadium redevelopment
Premier League football club Crystal Palace is seeking to raise £45m to fund the redevelopment of its stadium in south east London, according to a report from Bloomberg.
Allied Irish Bank to move offices to St Mary Axe
Allied Irish Bank (AIB) is to move to enlarged head office premises at 70 St Mary Axe in the City of London, also known as the ‘Can of Ham’, from its current site on Undershaft, as it seeks to support sustainability aims.
TT Group submits plans for 140-home west London hospital redevelopment
Property investor and developer TT Group has submitted plans to redevelop the vacant Ravenscourt Park Hospital in Hammersmith, west London into a mixed-use scheme with 140 homes.
Lazari submits plans for office-led scheme at iconic Fenwick Mayfair store
Property firm Lazari Investments has submitted plans to transform the Fenwick department store in Mayfair into an office and retail development.
Shaftesbury Capital boasts of strong start to Christmas trading
Shaftesbury Capital has reported high footfall across its West End portfolio, which has led to a 12% rise in sales for its tenants as the Christmas trading period begins.
Kuwait-owned firm to revamp London’s former City Hall building
The mayor of London’s former headquarters on the South Bank is set to be revamped by St Martins Property Investments, the UK-based real estate investment vehicle of the state of Kuwait.
NIC chair raises doubts over HS2 Euston private funding plans
Sir John Armitt, chair of the National Infrastructure Commission (NIC), has raised doubts over prime minister Rishi Sunak’s plan for private developers to fund the tunnel connecting High Speed 2 to Euston station.
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