London property prices: The Shard skyscraper smashes record for office rents as Leonteq Securities takes entire 26th floor August 25, 2015 A letting at The Shard skyscraper in London Bridge has smashed price records for the South Bank and the City, as the hunt for office space in the capital heats up. German-listed IT company Leonteq Securities is understood to have struck a deal to take the entire 26th floor of the tower for over £90 [...]
Network Rail is poised for £1bn sale of properties including Vinopolis site and Brixton arches August 16, 2015 Network Rail has taken the first step towards selling off its £1bn commercial property portfolio after hiring bankers to conduct a review of its estate. The government-backed organisation, which runs all of Britain’s rail infrastructure, confirmed that it is working with boutique investment bank Rothschild to explore ways in which it can “make more [...]
Chinese insurance giant Anbang nears £750m Heron Tower deal August 9, 2015 The Heron Tower in the City that is part-owned by property tycoon Gerald Ronson could soon change hands after a Chinese insurance giant emerged as a frontrunner to buy the skyscraper for £750m. Anbang Insurance, a privately owned group that last year snapped up New York’s Waldorf Astoria hotel for almost $2bn (£1.3bn), is close [...]
100 people evacuated at The Shard after fire breaks out on 33rd floor August 4, 2015 The Shard has been evacuated after a fire broke out in one of the London landmark's restaurants on the 33rd floor this morning. Around 100 customers were evacuated from restaurants on levels 31, 32 and 33 by staff, and there have been no injuries. The Brigade was called by 1112. Seven fire engines [...]
Walkie Talkie owners face fresh woes over Sky Garden July 30, 2015 First there was the little problem of the Walkie Talkie dazzling passers-by and melting cars. Then there was the bad hair day it brought to City workers. Read more: Walkie Talkie Sky Garden: How to book a visit to the stunning public park with views across London Now, in another spate of bad luck, it seems [...]
City of London to buy iconic Smithfield building for £34.6m as Museum of London’s new home July 28, 2015 The City of London has agreed to buy back London's historic Smithfield Market for £34.6m, City A.M. understands. The Victorian general market site has lain empty for more than 20 years after several failed attempts to redevelop it. However, it could become the new home for the Museum of London if the sale goes through. [...]
What’s in the Walkie Talkie building? From the Sky Garden to RSA, here’s a storey-by-storey breakdown of every restaurant, bar and business in 20 Fenchurch Street July 24, 2015 It may have been open less than a year, but from frying eggs to creating wind tunnels, 20 Fenchurch Street – better known as the Walkie Talkie – has already had its fair share of controversies. But what’s actually inside? And what does its Sky Garden (also controversial after its developers decided to
London’s newest bridge from Nine Elms to Pimlico – in pictures July 21, 2015 New pictures have been revealed showing designs for what may become London's newest Bridge connecting Nine Elms and Pimlico. The four designs have been shortlisted by Wandsworth council after an international search which more than 70 teams entered. (Design and Engineering Robin Snell & Partners, Sven Ole Hansen ApS, Aarsleff and ÅF Lighting) The detailed designs will be [...]
British Land confirms dividend after strong performances across the Cheesegrater, Broadgate and Facebook’s new Euston Road premises July 20, 2015 The Cheesegrater, Broadgate and Facebook's new Euston Road premises have contributed to a solid first quarter performance at British Land. The figures The landlord reported strong occupational demand, with lettings well ahead of estimated rental value. In total during the three months the group agreed 129,000 sq ft of retail lettings or renewals, and [...]
What’s in the Cheesegrater? From Aon to Amlin, here’s a storey-by-storey breakdown of every business in the Leadenhall Building July 17, 2015 It may not be London's biggest building – but the Leadenhall Building, aka the Cheesegrater, still remains one of the tallest skyscrapers in the Square Mile, towering over its neighbours the Gherkin and the Walkie Talkie. The 225 metre building's characteristic tapered design was created to preserve views of St Paul's Cathedral. Ever [...]