London news
West End market ‘picking back up’ with £1bn under offer
Over £1bn of deals are under offer in the West End as the market shows signs of recovery, while office availability has exceeded £4bn to reach the highest volume this year to date.
Ikea Oxford Street opening pushed back over ‘complex’ renovations
The much-anticipated opening of Ikea’s Oxford Street store has been pushed back until next year due to the complexity of the renovations required for the building.
Government presses pause on Stanhope’s 1.6m sq ft Waterloo offices hub
The government has issued an Article 31 Holding Directive on Stanhope’s contentious plans for a 1.7m sq ft office and life sciences hub near Waterloo, halting the scheme.
Kadans signs gene therapy firm AviadoBio for Canary Wharf centre
Kadans Science Partner has secured AviadoBio for its recently completed wet lab and flexible workspace centre at Canary Wharf.
WeWork collapse poses £3bn threat to UK landlords
British landlords could lose more than £3bn if WeWork, London’s biggest private occupier, collapses.
Audley and SLIP to deliver 150 later-living homes at Brent Cross Town
Joint venture partners Audley Group and Senior Living Investment Partners (SLIP) are set to deliver 150 net-zero later-living homes at Brent Cross Town in north London.
Third Space to open trio of London health clubs
Luxury health and fitness club operator Third Space has acquired three new locations in London and is set to open clubs in Clapham Junction, Richmond and at The Whiteley in west London.
China walks away from London super embassy plans
China has shelved plans to build a new ’super’ embassy in London at the old Royal Mint near Tower Bridge.
GPE acquires Soho Square Estate with plans for HQ office building
Great Portland Estates (GPE) has acquired King Sloane Properties, which owns the 57,456 sq ft Soho Square Estate, for £70m with plans to develop a new HQ office building.
