A weekly round up of the latest planning and property news from the central London boroughs
City of London
Property Week reports that Korean investor KiwoomAM has put its City of London office building Cannon Green on the market for £140m. Cannon Green is adjacent to Cannon Street station and comprises 110,142 sq ft of offices, a restaurant, gym, retail space and a rooftop terrace.
The City of London Corporation has launched a design competition to transform the Grade II listed gardens at Finsbury Circus, in the Square Mile. This two-stage competition is to come up with the most creative and sustainable design ideas to return Finsbury Circus Gardens not only into a multifunctional public space with a pavilion but also into a sanctuary within the Square Mile.The governing body is seeking a joint bid from an architect and a landscape architect to deliver a new design for the reinstatement of Finsbury Circus Gardens and Pavilion.
Property Week reports that Workspace provider HB Reavis has sold 20 Farringdon Street to Hong Kong investors for around £120m and has acquired Quick and Tower House, a prime development site in Shoreditch. Since completion in 2018, HB Reavis has fully leased 20 Farringdon Street to The Berkeley Partnership and TMF Group as well as HB Reavis’ own co-work concept HubHub. The building has now been sold to a group investors from Hong Kong for around £120m.
Property Week reports that Capital & Counties (Capco) has no immediate plans to increase its stake in central London neighbour Shaftesbury after buying Samuel Tak Lee’s 26% stake earlier this week, across two tranches for £436m
EG reports that London & Continental Railways is pursuing a public land strategy to unlock 50,000 homes across the UK, working with transport bodies and local authorities. The developer will review every train station in the country to identify those most suitable for regeneration and development.