Weekly planning news from the central London boroughs

A weekly round up of the latest property news from the central London boroughs

City of London

PW reports that Henderson Park has made its first London investment, buying 147,000 sq ft office building Athene Place at 66 Shoe Lane from Commerz Real. The building was put on the market for about £120m in June last year.

EG reports that M&G Investments has agreed a £265m deal with Anglo American to redevelop the FTSE 100 mining company’s London headquarters. It will buy the freehold and finance the development at the Charterhouse Estate office in Farringdon, EC1.

EG reports that British Land and GIC have sold UBS’ London headquarters at 5 Broadgate, EC2, for £1bn to the family trust of Li Ka-Shing, one of the world’s richest men. The Make-designed building completed in 2015 and comprises 700,000 sq ft of space across seven floors. The sale price represents a net initial yield of 3.95%. UBS are committed to the building until 2035.

City of Westminster

PW reports that Gas Capital has appointed CBRE and Eastdil to sell Marks and Spencer’s 237,801 sq ft headquarters at Waterside House in London’s Paddington Basin. It is seeking a net initial yield of 4.5%.

EG reports that Oxford Properties and luxury retailer Richemont have sold 135-137 New Bond Street, W1, known as Belstaff House, for £180m to a private Singaporean investor, reflecting a circa 3% yield.

Hammersmith and Fulham

EG reports that Berkeley has submitted plans for nearly 2,500 homes in buildings rising to 40 storeys on two adjoining but separate developments in Fulham, SW6. Its St George arm submitted an EIA for Chelsea Creek, while St William put in an EIA for Fulham Gasworks.


PW reports that London & Regional Properties has put 62,789 sq ft Shoreditch office building The Epworth on the market for £78m. The developer has instructed Allsop to market the property, which is located on City Road, at a net initial yield of 4.8%.