A weekly round up of the latest property news from the central London boroughs.
As seen in Estate Gazettes: Network Rail has signed a heritage partnership agreement with Historic England and Camden Council that will enable it to more smoothly asset manage King’s Cross Station, N1.
City of London
As seen in Property Week: Online bankng start-up Monzo is looking to more than double the size of its headquarters in London. It has asked its agent Kontor to identify sites of 80,000 -100,000 sq ft within the City of London & City Fringe area.
City of Westminster
As seen in Estate Gazettes: West Ham co-owner David Sullivan is to put Wingate House up for sale. The 70,000 sq ft building is located on Shaftesbury Avenue, and is expected to be sold for around £81m.
As seen in Estate Gazettes: Reuben brothers are in advanced negotiations to acquire Clareville House, WC2 for approximately £66m. The 58,000 sq ft building is located on 26-27 Oxendon Street and had been refurbished by Helical on behalf of current owners National Grid UK Pension Fund.
As seen in Estate Gazettes: Prime Investors Capital has hired JLL to secure new financing to redevelop Admiralty Arch, SW1 into a Waldorf Astoria hotel. The Admiralty Arch Waldorf Astoria is set be a five-star hotel, comprising of 96 -bedrooms at a cost of £500m.
As seen in Estate Gazettes: Galliard has won the race to develop a residential scheme above Tottenham Court Road’s Cross rail and Underground station. The site comes with planning permission for 92 homes in a 73,937 sq ft development designed by architect Hawkins/Brown.
Kensington & Chelsea
As seen in Property Week: The Thackeray Estate has sold the freehold of its luxury Chelsea residential building, One Brompton, to a private Asian buyer for more than £20m. The sale comprises of 18 apartments and three retail units.
As seen in Property Week: Helical and AshbyCapital have acquired a major development site in Farringdon, London, in a 50:50 joint venture. The vacant site is located on the corner of Charterhouse Street and Farringdon Road and has planning consent for a 192,000 sq ft office with ground floor retail.
As seen in Estate Gazettes: Almacantar has put Southbank Place, SE1 up for sale for £875m. One and Two Southbank Place are currently home to oil giant Shell and a 280,000 sq ft WeWork, currently the biggest WeWork in the world.