A weekly round up of the latest property news from the central London boroughs
City of London
PW reports that two Korean funds are fighting it out to buy Goldman Sachs’ new London HQ for a price of around £1.2bn. Hanwha Group and the National Pension Service of Korea are both vying to buy the bank’s office at 40 Shoe Lane.
City of Westminster
EG reports that GPE has put up for sale a portfolio of West End properties valued at £86m. The developer has appointed Michael Elliott to find a buyer for the entire portfolio or to sell the properties individually.
EG reports that Deka has placed Tishman Speyer and PSP Investments’ Verde office block in Victoria under offer for more than £450m, representing a circa 4.5% yield.
Hammersmith and Fulham
PW reports that Stanhope, Mitsui Fudosan and AIMCo have signed biopharma firm Autolas as the first major life sciences company at White City Place. It will occupy 33,000 sq ft from October 2018.