Property Week News, analysis, insight and events for UK property professionals
Marlow Studios snaps up HQ building for £1bn Buckinghamshire project
The 12-acre site provides 230,000 sq ft of high-grade office space, adjacent to the 90-acre development site.
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Offices
JMK secures £48m OakNorth and REL loan for City hotel conversion
The funding will finance the conversion of the Lower Thames Street office building into a 260-key hotel, subject to gaining planning permission.
Oxford City Council approves plans for 100,000 sq ft life sciences lab
The council has approved plans submitted by The Crown Estate in partnership with Pioneer Group and Oxford Science Enterprises to transform the former Debenhams department store into a science and technology hub.
Investec provides £22m loan for Greenridge’s Bristol office acquisition
The 48-month facility comprises an initial tranche alongside a capital expenditure tranche to fund a phased refurbishment programme for the 100,000 sq ft 3 Temple Quay.
BP signs lease for new global HQ at Landsec’s Timber Square
The company has agreed to take the entire 15-storey Ink building at the Bankside office scheme.
AI and technology companies drive the take-up of offices and labs
Landlords with both flexible space and longer-term leases are well suited to cash in.
Currys triples workspace at WeWork’s flagship Waterloo site
The electronics retailer will expand from 6,700 sq ft to 18,200 sq ft of workspace at its 10 York Road headquarters.
UK construction starts plummet as Iran conflict adds to woes, Glenigan reports
According to economics director Allan Wilen, worsening figures for the three months to February mean hopes for a recovery later this year "now hang in the balance".
AI firm pre-lets Derwent’s London West End Network development
Databricks has taken a 15-year lease on the soon-to-be-completed Fitzrovia scheme at an annual rent of £14.1m.
GPE sells West End office to Feldberg in £172m deal
The freehold property at 45 Mortimer Street comprises grade-A offices across seven floors, private terraces, two retail units and a communal courtyard.