City of London
PW reports that Prudential has signed a deal to move its group HQ to the Angel Court building in the heart of the City. It will move to the Mitsui Fudosan UK and Stanhope owned scheme from its current group HQ at 12 Arthur Street, where its lease expires next year.
PW reports that The Lime Street Estate, a pair of office buildings totalling 121,225 sq ft has been put on the market by Grainmarket Asset Management at an asking price of £78m. It comprises 37-39 and 40 Lime Street, which are both in the Eastern Tower Cluster, an area of the City where high density commercial development is encouraged.
EG reports that UK insurance company Charles Taylor has signed for a new 66,000 sq ft London HQ at the Minster Building, EC3. The firm will consolidate its three London offices into the recently refurbished 275,000 sq ft building, which is owned by Ivanhoe Cambridge, Greycoat and FREO Group.
City of Westminster
PW reports that Aviva Investors’ Retail Fund has put the Soho HQ of US software firm Palantir Technologies on the market for just under £120m. Agents at JLL and CBRE have been instructed to sell 20 Soho Square at a yield of 4%.
PW reports that Schroder UK Real Estate Fund has appointed agents to sell Palace House, 3 Cathedral House for £55.4m.
PW reports that Chinese developer Xinyuan Real Estate has made its first foray into the UK real estate market with the purchase of a 50% stake in Madison Developments, the company which is behind The Madison residential development near Canary Wharf.