A weekly round up of the latest property news from the central London boroughs.
City of London
PW reported that IWG has signed a deal to take its luxury workspace brand Signature to Brookfield’s office scheme 100 Bishopsgate in the City of London. The group has agreed to lease around 80,000 sqft of space at the 37-storey, 9000,000 sq ft tower.
PW reported that Stanhope and the Swiss Investment foundation has completed a 96,805 sq ft letting at its City of London office Gresham St Paul’s. Smith & Williamson has agreed to move its London headquarters to the building, occupying the ground to fifth floors.
PW reported that the InfraRed Capital Partners has signed a 15-year lease to take 19,609 sq ft of office space on the seventh floor. One Bartholomew has been developed by Helical on behalf of owners, AshbyCapital, and comprises 221,000 sq ft of new Grade A office space across 12 floors.
PW reported that food hall business Market Halls will open its fourth London location at Blackstone’s Cargo scheme in Canary Wharf, it has confirmed. Market Halls will open a 20,000 sq ft food hall at the scheme, occupying ground and dock levels. With the capacity to accommodate 500 people, the food hall will feature numerous kitchens, two bars, a coffee shop and outdoor terraces.
City of Westminster
EG reported that British Land has submitted plans for the final piece of its Paddington campus, a 19-storey tower at 5 Kingdom Street, W2. Designed by Allies and Morrison the proposed building will provide 370,000 sq ft of commercial space above Kingdom Street..
Hammersmith & Fulham
EG reported that Hammersmith & Fulham Council has set out plans for £65m of finance to deliver its Education City Development in White City, W12. It wants to deliver a mixed-use education hub on the sire of the Ark Swift Primary School.
EG reported that the Inspector flags ‘potentially show-stopping issues’ over Old Oak local plan. The planning inspector examining the draft local plan for London’s Old Oak and Park Royal Development Corporation (OPDC) has asked for further details from the body on two potentially “show-stopping” issues that emerged during the examination hearings.
Kensington & Chelsea
PW reported that Auriens has secured a £185m debt facility from Goldman Sachs to fund the development of a luxury retirement living scheme in Chelsea, west London.Due for completion by the end of 2020, the scheme will offer one- and two-bedroom apartments for rent, starting at £130,000 a year for a 977 sq ft, one-bedroom apartment