LaSalle Investment Management, the global real estate investment manager, has bought the Ruby Stella hotel in Clerkenwell, London, on behalf of a UK custom account client for £48 million.
Rocket Properties has refinanced its Provost & East building and associated shops located in the Old Street “Silicon Roundabout” City fringe area, with a £45 million term loan arranged by Rothschild & Co’s real estate debt management business.
Out-of-town office markets across the country remain challenged in the wake of pandemic shifts to hybrid work and the rising appeal of in-town locations as companies prioritise transport connections and social amenities to lure staff back to offices. However, Reading and Green Park especially appear to be bucking the trend, aided by their emergence as a key hub for the UK defence industry.
Office Space in Town (OSiT), the London flexible office space provider, has added beds for staff to sleep in to its offer in what it is describing as a "new era for office life", one that inevitably raises questions about work/life balance.
The Singaporean family-owned business Hoi Hup Realty has gained consent from the City of London Corporation for ‘High Holborn’, an office-led regeneration of a 1.4-acre island site comprising three buildings at 322 High Holborn, Holborn Gate and 44 Southampton Buildings.
Fortnum & Mason is looking to open its first UK stores outside London in its 318-year history to take advantage of year-round appetite for its products, its chief executive has said.
Lazari, the privately-owned property investment and development company, has completed the lease of all 115,000 square feet of offices at The Lazari Building, 7 Brook Street, the former Fenwick department store in London's Mayfair.
United States property giant Hines Global Real Estate has joined Yoo Capital and Deutsche Finance International on the £1.3 billion Olympia development in London.
Boutique fitness brand One Rebel is set to open a new studio along the King's Road in Chelsea, London, after completing a 15-year lease agreement with Martin's Properties.
Singaporean developer Hoi Hup Realty's plans for a major office development on the site of the former Knights Templar Church on High Holborn are being recommended for approval by planners at the City of London Corporation.
Chancellor of the Exchequer Rachel Reeves has put major investment in affordable housing, improved defence security and transport at the centre of the Spending Review, the key document laying out the budget for government departments in the coming years.
Lender Corebridge Financial Institutional Investments has appointed Sovereign Centros from CBRE as asset manager on the Stratford Centre mall, which is next to the former London 2012 Olympic Park in east London.
More than a dozen tenants have now agreed to occupy Oxford Properties and Pioneer's life sciences reworking of Victoria House in Bloomsbury Square, London.