A weekly review of the latest planning and property news from the central London boroughs
City of London
EG report that Core has been appointed to lead the redevelopment of Goldman Sach’s London headquarters. The owner, Chinese Estates Holdings invited companies to pitch to redevelop the building, River Court on Fleet Street, EC4.
PW reports that UBS Asset Management’s Real Estate & Private Markets business has sold two City of London offices. It sold 21 Wilson Street to a private investor and 158-164 Bishopsgate to British Land for a combined £77m.
EG report Goldman Sachs will vacate the building in 2019 and move to its new 826,000 sq ft European HQ at Plumtree Court, EC4.
PW report that Mitsui Fudosan UK and Stanhope’s City of London office building One Angel Court is now fully let after a string of lettings totalling 60,000 sq ft. The tower that opened in March 2017 and when the final occupier moves in later this quarter will have 21 office tenants spread across 3000,000 sq ft of space over 24 floors. Eight of the tenants moved from West End offices, three companies chose the development as the place to open their first central London office and 10 companies relocated from elsewhere in the City. The Panel on Takeover and Mergers, Canadian law firm McCarthy Tetrault and consumer credit reporting agency Equifax have all signed for space at the scheme.
City of Westminster
PW report that the Crown Estate and Oxford Properties Group have revealed plans for a second phase of their St James’s Market scheme, which involve the redevelopment of a group of adjacent buildings into office, retail and dining space.
PW report that Network Rail is considering bringing forward land it owns around Victoria Station for residential schemes. It is widely believed that the land could potentially accommodate hundreds of units. Network Rail owns the freehold of a 1.3-acre site on Grosvenor Road and another 1.3-acre site behind the National Audit Office on Buckingham Palace Road.
PW report that Brockton Capital have won the bidding war to purchase 169 Union Street from Janus Henderson for more than £95m. It is currently home to the London Fire Brigade. The property was Janus Henderson UK Property OEIC fund’s third-biggest asset and the London Fire Brigade was its highest income-producing tenant.