A weekly review of the latest planning and property news from the central London boroughs
City of London
EG reports that plans have been submitted to add an incubator space at 22 Bishopsgate. The incubator labelled The Exchange will be 13,068 sq ft and will be on level 7 of the 62-storey skyscraper. It is expected to open in the first half of 2020.
City of Westminster
PW report that the Howard de Walden Estate is temporarily moving out of its headquarters in Queen Anne Street, while they refurbish the building. In the meantime they will use a building owned by Portman Estate and Derwent London.
EG reports that Henderson UK Property OEIC is looking to sell the London Fire and Emergency Planning Authority’s headquarters. They are looking to sell one of the key London assets for £95m. Cushman and Wakefield and CBRE have been instructed to find a buyer for the 120,000 sq ft building at 169 Union Street, Southwark.
EG report that Southwark Council planning officers have refused Grosvenor’s £500m scheme due to a lack of affordable housing included. The build-to-rent proposals in Bermondsey consisted of 1,343 residential units, however the plans did not comply with PRS tenure requirements from the 2018 New Southwark Plan.
PW reports that the European Bank for Reconstruction and Development has placed 420,000 sq ft of office space under offer at 5 Bank Street, in Canary Wharf.