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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to its Stamford Bridge Stadium due to “the current unfavourable investment climate”, Chelsea Football Club has withdrawn from a pre-let deal to take up the 80,000 sq ft Parklife Building in Putney as its new...

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...