Stenham, the property fund manager said that it has bought four properties in Mayfair, Central London, from Grosvenor Estates for £31.3m. The properties, on Grosvenor Street and Bourdon Street, reflect a net initial yield of 6.75% and a capital value of £724 per sq ft.
The London Legacy Development Corporation (LLDC) is to invest £6m in renovating and modernising several historic buildings at its 3 Mills film studio in east London.
Chesterton Partnership has submitted plans for the next phase of a mixed-use scheme next to Cambridge North Railway Station.
Manchester Council is set to acquire Wythenshawe shopping centre from St Modwen
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