Horseferry House in Westminster, which is fully let to Burberry on a lease running to 2043, was snapped up by Indonesian developer Sinar Mas.
Offices
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The JV with Ropemaker Properties sold the property to a private client of JLL, taking GPE's sales in the past 12 months to £490m.
Savills has been appointed to market the fully let 12-floor building, which is at the heart of the city's Helix innovation district.
The London Property Alliance wants offices to be designated as critical infrastructure, after reporting that 14m sq ft of office floorspace has been lost since 2018.
The scheme will include a ground-floor café, a co-working space, a bar and a lounge area.
The office building, which the group is bringing forward on a pre-let basis, will span more than 545,000 sq ft of workspace, plus retail amenities.
50 Pall Mall comprises 33,888 sq ft across nine floors and is 87% let.
The consented proposal aims to decarbonise the grade II-listed landmark City building and keep it commercially viable, without compromising its architectural significance.
The joint venture partners proposed major amendments to their masterplan for the 53-acre mixed-use development in early 2025, including changes to the heights, massing and uses of several buildings.
Tower Hamlets Council is set to agree a business rates discount for the planned 3m sq ft tower, which would be the largest and most expensive office building in London.
The Singaporean investor bought the 211,000 sq ft Aldgate House for £183m in 2018.
Landsec placed the famous island site at London's Piccadilly Circus up for…
The government department will occupy the first completed office block in the £300m West Bar scheme, which is being developed by Urbo Regeneration and Peveril Securities.
The cost of building towers over 20 storeys is second only to New York and now exceeds Seoul by more than three times and Mumbai by 10 times.
Mark Dixon, IWG founder and chief executive, tells Property Week's Jamie Bennett-Ness about the flex workspace firm’s capital-light growth strategy.
The appeal was launched after North Warwickshire Borough Council and Birmingham City Council failed to reach a decision on the Thrive scheme application.
The events and training specialist has taken Building 90 at the Oxfordshire automotive and aerospace hub.
Mace has has started enabling and piling works on the Red Lion Court development between London Bridge and Southwark Bridge.
The sustainable office development in Clerkenwell will be the UK’s largest all-timber frame office building.
ASK and Firma Partners are backing the planned conversion of an Islington office block into a hotel plus leisure and retail uses, and the residential conversion of office building Chiswick Tower.
The 12-acre site provides 230,000 sq ft of high-grade office space, adjacent to the 90-acre development site.