City of London

Building magazine reports that Brookfield’s proposal for a 54-storey office tower at 99 Bishopsgate is set to be approved by the City of London Corporation on Friday 31st January.

Co Star reports that Broadgate REIT, owned equally by British Land and GIC, has formed a joint venture with Abu Dhabi-based holding company, Modon Holding, to develop 2 Finsbury Avenue.

EG Radius reports that asset manager DWS is under offer to acquire a leasehold interest in a mixed-use block in London’s mid market, following the recent sale of its interest in a smaller office block nearby.

Co Star reports that Castleforge and Gamuda have signed a £500 million funding agreement with Cheyne Capital for their £1.2 billion redevelopment of 75 London Wall in the City of London.

City of Westminster

Co Star reports that vacancy rates at Oxford Street have fallen to pre-covid levels as Mango signs for a second UK flagship store at 415-419 Oxford Street.

The Telegraph reports that the Duke of Westminster has sold a £306m stake in London’s Mayfair to Norway, marking the biggest land deal in the area’s history.

Co-Star reports that Grosvenor is exploring investment and development opportunities across Mayfair and Belgravia after signing a London partnership with Norges Bank Investment Management. The bank will acquire a 25% stake in mixed-use Mayfair portfolio comprising offices and retail.

The Telegraph reports that “ultra rich” US buyers are poised to revive London’s struggling high-end property market amid a wave of American optimism fuelled by the return of Donald Trump as President.

Tower Hamlets

Architects Journal reports that Tower Hamlets councillors went against their own officers recommendation to approve Foster + Partners’s designed scheme at committee on Wednesday 15 January. Planners at the east London authority had recommended refusal for the 17-storey office-led scheme on the City fringe site between Whitechapel High Street and Commercial Road. The proposal was a redesign of an earlier, lower scheme for the same 0.67ha plot in the Whitechapel High Street Conservation Area, which was rejected in 2022.

Lambeth

BBC News reports that works are due to begin at the end of the month to improve “one of London’s most dangerous junctions”. Roundabouts at either end of Lambeth Bridge are to be replaced with signal controlled junctions. Waterproofing and repairs will also be carried out in an attempt to prolong the life of the Grade II-listed structure.

Southwark

Southwark News reports that student accommodation with 243 rooms is proposed for Elephant and Castle. Yourtribe has proposed a building rising to 18-storeys next to its other 16-storey student accommodation building.