A weekly review of the latest property news from the central London boroughs
City of London
PW reports that The Office Group has bought Chancery House from Canada’s Public Sector Investment Board. The acquisition of the 150,000 sq ft building increases TOG’s portfolio to 51 assets, totalling more than 2.1m sq ft.
EG reports that Student housing group Unite is in discussions to acquire the Belmont Tower luxury residential development in Vauxhall. Current plans for the £300m scheme comprise 278 flats in a 36-storey tower between residential projects Vauxhall Sky Gardens and Keybridge House. Alchemi bought the site in 2015 for £15.2m from K2 Properties and Network Rail on behalf of private fund Grand South, which is managed by Langham.
PW reports that CIT has completed the leasehold purchase of Colechurch House in London Bridge, which it has earmarked for a major redevelopment. The developer will replace the existing 1960’s 36,292 sq ft office building at 1 London Bridge Walk with a new development.