March 2019

Brockton Capital and Oxford Properties Group have pre-let 50,000 sq ft of the newly-renovated Post Building to Rothesay Life — which is relocating from The Cheesegrater after less than four years. A former Royal Mail sorting office, the Post Building has undergone extensive refurbishment to become a grade-A mixed-use scheme...

Housing association Peabody has acquired the former Holloway Prison site from the Ministry of Justice, with plans to collaborate with developer London Square to construct a 1,000-unit residential scheme — designed by AHMM — which will be 60% affordable. The site will also comprise play areas, local shops, green spaces and a...

Battersea Power Station has been purchased from the Battersea Power Station Development Company by a joint venture between Permodalan Nasional Berhad (PNB) and The Employees Provident Fund of Malaysia (EPF) (which own 65% and 35%, respectively) for £1.583 billion. The power station building is currently undergoing extensive renovation, which is...

Greystar Real Estate Partners — a subsidiary of the Public Sector Pension Investment Board and Allianz Real Estate, known as the Chapter JV — has acquired the Paul St East project in Shoreditch from Apache Capital for over £160 million. The 458-bedroom scheme, which was developed by Apache Capital in...

Savills Investment Management has obtained planning permission for the redevelopment of a site on Drury Lane in Covent Garden. The new scheme, which has been designed by Barr Gazetas, will combine four buildings to provide 66,000 sq ft of grade-A office space on the upper floors and 23,000 sq ft...

YOO Capital and Deutsche Finance International have obtained approval from Hammersmith and Fulham Council to carry out £1 billion of development at Olympia London, to turn the iconic exhibition and conference centre into a new cultural district and creative hub with a host of new spaces and purposes. The new...

Derwent London has sold its 60,700 sq ft site at 10 Greycoat Place in Victoria for £50 million, reflecting a 10% increase on its December book value. The premises was previously fully let to IWG, but the lease ended at the beginning of March and Derwent has since been conducting...

A new report carried out by the City of London Corporation and the City Property Association has found that, despite Brexit uncertainty, businesses continue to see London as the first-choice location for global teams – predominantly due to the city’s international reputation for collaboration and innovation. The survey of over...

Global technological juggernaut Apple has confirmed plans to establish a London headquarters at Battersea Power Station in 2021. In the meantime, the firm is due to take up another 15,000 sq ft at 40 Argyll Street in the West End, where it already rents some space, which will facilitate expansion...

The House of Commons has signed a 20-year lease for 53,000 sq ft of office space at 21 Dartmouth Street, SW1. The offices, which are located in close proximity to the Houses of Parliament, are owned by global real estate investor and developer Quadrum Global, who bought the space as...