A weekly round up of the latest property and planning news from the central London boroughs
PW reports that WeWork has leased all of M&G Real Estate’s 1 Waterhouse Square, also known as Holborn Bars. The building served as Prudential’s HQ when it was built in 1901 and has been owned by M&G ever since.
City of London
EG reports the City of London Corporation is to consolidate Billingsgate, New Spitafields and Smithfield. LSH has been appointed to search for a 100-acre site to relocate them to.
Hammersmith and Fulham
PW reports that H&F Council has launched a legal investigation into the deal to sell Earls Court to Capital and Counties in 2012 in a bid to get the developer thrown off the site. PW says that the Leader of the Council is aiming to have the conditional land sale agreement (CSLA) overturned in the courts.
PW reports that Orchard Street Investment Management has completed its acquisition of 80 Clerkenwell Road in London’s City fringe for £18.5m. The multi-let, warehouse-style office building was bought on behalf of a pension fund client of DTZ Investors.
EG reports that Great Portland Estates has revealed plans for its New City Court site near London Bridge, a stone’s throw from the Shard. Some 322,000 sq ft of office and 16,000 sq ft of shops is planned, along with an elevated public garden. GPE acquired the site for £43m in 2006.
PW reports that Helaba has provided a £55m loan to finance Z.C. Ronogil and Harbor Group International’s acquisition of the Relay Building in Whitechapel. The 105,996 sq ft office and retail property was acquired for £90.75m.