November 2018

British property giant Grosvenor Britain and Ireland has sold the long leasehold interest on its prime Mayfair asset, The Beaumont hotel, which opened in 2014 following extensive redevelopment and currently comprises 73-bedrooms, multiple dining facilities, a gym and Turkish bath. Neither Grosvenor nor JLL (who acted on behalf of the...

London property developer Anthology has purchased two new prestigious sites in the capital, increasing its portfolio to more than 1,600 units. The first new acquisition is part of a project to construct more than 300 homes and 60,00 sq ft of commercial space in Stratford. The 2.7-acre site — a...

Transport for London (TfL) has suffered a difficult year, after a £700 million a year government grant was axed, passenger numbers fell and a Sadiq Khan introduced a partial fare freeze. Add to this the delay with Crossrail that means TfL will have to wait another year until it starts...

The current uncertainty around the London market has led to a noticeable decline in speculative development investments in recent months; however, two large new deals totalling £460 million have brought renewed energy to the capital. Giant Australian pension fund AustralianSuper has teamed up with TH Real Estate to contribute £280...

Reports have shown that US investment in London was down 69% in 2017 compared to 2015; however, Goldman Sachs has continued to put significant amounts of capital into the market regardless of the less than favourable outlook. The US banking giant is currently set to acquire Vintners Place — a...

Network Rail has confirmed plans to sell its commercial property portfolio to investors Blackstone and Telereal Trillium. The portfolio is currently comprised of 5200 properties, including over 4000 railway arches. The rail company says it will reinvest the proceeds of the sale in infrastructure improvements and upgrades. Meanwhile, the new buyers...

John Neal, the former boss of Australia-based insurer QBE, has been hired as the new chief executive of Lloyd’s of London, replacing Inga Beale who has led the market since 2014 and who announced her departure in June. Lloyd’s suffered through a difficult 2017, and the new appointment comes at...

Six years after it was purchased by a Korean wealth fund for £75 million, CBRE has been instructed to put the prestigious office scheme One Bartholomew Lane on the market at a new initial yield of over 4%. Currently home to South Korea’s sovereign wealth fund and the Agricultural Bank...

David and Simon Reuben have added to their ever-growing portfolio with the purchase of the freehold interest in The Curtain Hotel and Members Club in Shoreditch from hotelier Michael Achenbaum, with whom they have also signed a long-term lease allowing him to continue to operate the space while they receive...

Here East, once billed as the ‘white elephant’ of the Olympic Park, continues to defy predictions and a difficult reputation and attract significant tenants and interest. Its impressive list of current occupiers includes Ford, Loughborough University, BT Sport, and a robotics research facility run by UCL. The Victoria & Albert...