Weekly property news from the central London boroughs
A weekly round up of the latest planning and property news from the central London boroughs.
EG reports that CPPIB and Hermes Investment Management are looking to sell Haymarket House. The 123,122 sq ft property currently provides 35,431 sq ft of ground floor retail, with tenants including The Comedy Store and Tiger Tiger on long leases. Above the retail is 81,009 sq ft of office space, the majority of which is vacant. CPPIB and Hermes IM acquired the property in 2015 from Landsec for around £160m.
EG reports that Genting is planning to sell stakes in its freehold at 19 Old Park Lane. Genting has appointed CBRE to sell Project Tyburn, which also includes part of the Nobu London restaurant, a majority stake in Colony Club Casino and nine of 19 luxury serviced apartments, for £68m.