A weekly round up of the latest property news from the central London boroughs
EG reports that a Georgian terraced house close to the British Museum in Bloomsbury is the property with the highest guide price listed in Savills’ November auction catalogue. The building on Willoughly Street, WC1 comprises a garden flat and studio apartments, is guided at £2.8m and has an income of £164,241 a year.
City of London
Property Week reports, Technology giant Cisco International is under offer to occupy 100,000 sq ft of LaSalle and Citygrove’s City of London building 60 London Wall. If the deal completes, Cisco will take the top four floors of the redeveloped 345,000 sq ft office building (pictured), which is scheduled to complete next summer. It will move out of its current London base at nearby 10 Finsbury Square, where it took 27,320 sq ft in 2015.
Property Week reports LGIM Real Assets has invested £125m into the City of London Corporation via its green and sustainable financing property arm. The city corporation will use the investment to fund several projects including plans to consolidate three wholesale food markets and relocate the Museum of London.
EG reports, Global Insurance Company firm Canopius has signed two floors at AXA IM – Real assets’ 22 Bishopsgate, EC2. The company has taken a 10 year lease for 50,000sq ft on the 29th and 30th floor on the 62 storey building which will become its new UK headquarters. Deal brings the total amount of space prelet at 22 Bishopsgate to more than 580,000 sq ft.
EG reports, The City of London faces a bill of almost £2bn to help its dated offices and other buildings meet “net zero” emission targets. To achieve carbon-neutral buildings by 2050, all buildings in the square mile should have an average A rated energy performance certificate by 2032, according to data from Netherlands-based CFP Green Buildings.
Hammersmith and Fulham
EG reports that Nick Candy’s Candy Ventures has confirmed reports that it is working with Saudi Arabia’s public investment fund to bid for Capco, which is in the process of separating its take in Earls Court and its £2.6bn estate in Covent Garden. However, Capco dismissed comments, saying it had not been approached by Candy’s ventures or any other party to discuss an outright offer, but it had entered a short period of exclusivity over a sale of Earls Court.