A weekly round up of the latest property news from the Central London Boroughs
PW reports that MBU Capital plans to transform taxi firm Addison’s Lee’s former HQ at 17-37 William Road into student accommodation after exchanging contracts to acquire the freehold for £22.75m. The 250-bed scheme would also include 35,000 sq ft of commercial space.
City of London
PW reports that Legal & General has completed a 93,00 sq ft letting to financial services firm Quilter at its Senator office building in the City of London.
EG reports that the Bank of Montreal has placed around 60,000 sq ft under offer at British Land and GIC’s redevelopment of 100 Liverpool Street.
EG reports that the City of London Corporation is to sell a new 150-year-long leasehold with a peppercorn rent for the City Police Station at 37 Wood Street. Cushman & Wakefield has been appointed to find a buyer for the leasehold, which has no formal price tag.
EG reports that Orion Capital Managers has been selected as the new preferred bidder to acquire BT’s HQ in the City of London for more than £200m. The BT Centre is on a 1.5-acre freehold island next to St Paul’s Cathedral.
City of Westminster
EG reports that CBRE is transforming its West End HQ at Henrietta House into a showcase office space for clients and staff. The agent has cut a deal with landlord Lazari Investments to expand the building to 143,000 sq ft over 10 floors.
PW reports that Cindat Capital Management in partnership with LS Estates has sold 30 South Colonnade in Canary Wharf less than a week after buying it. Quadrant Estates and Oaktree Capital has purchased it.