December 2018

Global online retail giant Amazon and the City of London Corporation are going head to head for the purchase of Barking Power station in East London in a bidding war that has now exceeded the £100 million mark. The 42-acre site closed for operations in 2014, and the firms are...

Two years after it was put on the market for a huge £700 million, London Executive Offices (LEO) has finally been sold, to Celvam Management — founder of international telecoms company Lebara. The firm has not released details of the sale, but a report by Sky News has indicated that...

Twentytwo Bishopsgate is set to become the new flagship offices for AXA Investment Managers when it is finally completed in late 2019, after 13 years. As it seeks to “simplify” its business operations, the development firm is consolidating its two offices in London — currently at 7 Newgate Street and...

Data recently released by JLL has revealed that a huge £4.3 billion of office stock has been traded in Q3 2018. Furthermore, the most recent quarter has been so strong that — despite a 6% fall year-on-year — the running total of investment in the city so far in 2018...

After the rejection of seven previous planning applications and severe delays, developer LBS Properties has finally secured approval to go ahead with a massive £230 million development at Cubitt Property’s 225 Marsh Wall by Canary Wharf. The site will be a 48-storey mixed-use development comprised of 332 apartments (with 71...

Fulham FC owner Shahid Khan (who also owns the Jacksonville Jaguars NFL team) has been in negotiations with the Football Association since April regarding the potential purchase of Wembley Stadium, and although the terms of the sale were agreed with the FA last month, after “much deliberation” from both sides,...

As it continues to sell off its mature assets, Great Portland Estates (GPE) has sold 55 Wells Street in the West End for £65.46 million, reflecting a net initial yield of 3.99% and a capital value of £1,674 per sq ft. The prestigious building underwent significant development in 2017 and...

Clearbell Capital has sold two premium Docklands office blocks to Gaw Capital for £36.2 million. Harbour Exchange is a multi-let office estate on London’s Isle of Dogs, which was acquired in 2014 by the Clearbell Property Partners II fund alongside Morgan Stanley Alternative Investment Partners Real Estate. Gaw has purchased numbers 4...

Canadian investment giant Realstar has signed two financing deals for build to rent (BTR) schemes in London as part of its BTR-led investment strategy that means it is currently developing over 1,000 apartments in the capital. The first is a £55 million development facility provided by Lloyds Bank Commercial Real...

Off the back of the announcement that it is no longer going ahead with developments to its Stamford Bridge Stadium due to “the current unfavourable investment climate”, Chelsea Football Club has withdrawn from a pre-let deal to take up the 80,000 sq ft Parklife Building in Putney as its new...