A weekly round up of the latest planning news from the central London boroughs
City of London
PW reports that US bank Wells Fargo has completed the purchase of 33 King William Street in from developer HB Reavis.
EG reports that the Chinese Government is in talks to buy the site of the Royal Mint for a 600,000 sq ft campus. Delancey and LRC Group’s Royal Mint Court is a 5.5-acre redevelopment project on the eastern fringe of the City, adjacent to the Tower of London.
City of Westminster
PW reports that Great Portland Estates has sold their 94,300 sq ft office building on 30 Broadwick Street in Soho. The deal with a client of Savills M was reported to cost £190m.
PW reports that video streaming service Netflix has signed for a new headquarters at Aviva Investors and Ashbury Capital’s Fitzroy Place in London’s West End. It will move this year from smaller nearby premises having grown its UK operations. The lease is for 12,000 sq ft of space at the development near Oxford Circus. Netflix follows other tech and media giants that have expanded their offices, including Spotify acquiring 104,133 sq ft at The Adelphi and Snapchat which has taken 20,000 sq ft at 77 Shaftesbury Avenue respectively.
EG reports that build-to-rent developer Essential Living has appointed agents to sell its Infinity Towers scheme, which has planning consent for 395 homes in two towers of 31 and 37 storeys.