A weekly round up of the latest planning and property news from the central London Boroughs
City of London
EG reports that Amsprop has agreed a circa £43m deal to sell The Crosspoint, EC2, to The Carlyle Group for its flexible office business Uncommon.
EG reports that Golman Sachs is seeking bids of £1.3bn for the sale and leaseback of its new London HQ.
EG reports that a South Korean consortium has exchanged contracts to buy 20 Old Bailey from Blackstone for around £340m, a NIY of 4.2%.
City of Westminster
PW reports that the von Finck family has purchased the 14,757 sq ft retail and office block at 65-68 South Molton Street and 32 Brook Street. The family acquired the property from Columbia Threadneedle in a deal that represents a yield of 3%.
PW reports that GlobalData, one of the world’s largest data and insight service providers, has bought Standard House, 12-13 Essex Street, for just over £21m from a private investor and will relocate its headquarters to the property.
EG reports that WeWork subsidiary WeLive has submitted plans for its first London site. It will be part of the Atlas, Rocket Investments’ 40-storey residential tower project.
Hammersmith and Fulham
PW reports that Stanhope, Mitsui Fudosan and AIMco have secured the largest letting in London so far this year with a 212,000 sq ft deal at their Television Centre scheme in White City. Publicis Media will occupy seven floors at the new office building 2 Television Centre, with its six media agency brands taking a floor each, with support services on the seventh.
EG reports that the Ministry of Justice has agreed a deal to sell Holloway Prison to London Square and A2Dominion.
PW reports that Martin’s Properties has signed three tenants on the Kings Road. They are German hospital group Schoen Clinic, Danish restaurant group Sticks ‘n’ Sushi and boutique fitness studio Kobox. The three lettings have an aggregate initial annual rent of £1.1m.
EG reports that Grosvenor Europe has appointed Knight Frank to sell a strip of retail assets at 42-60 Kensington High Street for more than £53.8m – an NIY of 3.75%.
PW reports that HB Reavis has pre-let the whole of the 78,000 sq ft Cooper & Southwark building to CBRE’s Global Workplace Solutions division.