IVG, Germany’s largest commercial property company, has sold the former London headquarters of Lloyds TSB, at 14 Cornhill, to an unidentified sovereign wealth fund for about £125m. IVG bought the property for £21m in 2002.
A mixed-use development on Old Kent Road, south London was approved by Southwark Council subject to conditions in a planning committee meeting last night.
Plans have been revealed to launch Paris Real Estate week in mid-September, following the cancellation of Mipim 2020 in Cannes due to the pandemic.
Senior living giant McCarthy Stone has secured a £300m debt facility ahead of its full-year results announcement on 15 July.
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