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Dockland application

London Office Market – Special Report

US firm takes space

Extension plan in EC2

Cheapside scheme deal

Hotel tower to replace offices

Consent for Mayfair refurbishment

West End refurbishment

Consent for HQ

Hotel replaces offices

Bouverie House start planned

Consent for EC1 refurbishment

New Change progress

Hanover Square letting

Rent free for three years!

Things to get worse before they get better?

Clerical Medical in Kensington Village deal

MWB has plans at Royal Victoria Dock E16

MoD selects PFI team for headquarters project

Citigroup increases space at Canary Wharf

Baltic Exchange saga continues

Stanhope said to be bidding with British Land for Tower Place

Whitbread to move to CityPoint?

Great Eastern Hotel ground lease auction

City property sale?

West End letting

Linkedin, the US business social networking site, is taking the 687 sq m (7,400 sq ft) first floor of Derwent London's recently completed Charlotte Building in Gresse Street, London, W1. The rent agreed is thought to be about £511.29 pre sq m (£47.50 per sq ft). The lease is understood to expire in 2020, with a break option in 2015. - (02-09-2010)

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Grade A space boosts London lettings

End of year figures from Metropolis/Cityoffices show that total London lettings reached 9.3m sq ft in 2009. Despite a strong end to the year this was 20% down on 2008's total. The City totalled 4.3m sq ft, Midtown reached 1.5m sq ft and the West End was 2.1m sq ft. New Grade A space lettings reached 3.8m sq ft - 41% of all take-up, a major rise on 2008's 2.5m sq ft or 20%. Financial Services and professional topped the business sectors table. - (28-01-2010)

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Barclays deal with LandSec

Barclays Bank has agreed to sell 16 office buildings to Land Securities’ Trillium group. Barclays is moving London staff to a new 1m sq ft headquarters at Canary Wharf by May 2005, which will release 13 office premises. The bank will pay Land Securities to take on the commercial responsibility for the short-term leases. The deal also includes three office buildings at the Westwood Business Park in Coventry on which Barclays will take a 20-year lease back at around £20m and Land Securities will pay about £25m for the buildings. - (13-01-2005)

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Glasnost - Online Project, Contact & Image Management

Hanover Cube opens for business

Hanover Cube, a new project management company set up by former directors at Jones Lang LaSalle, has taken over the project management role at Scottish Widows and Teachers' office development at Royex House, Aldermanbury Square, London, EC2. Hanover Cube opened for business on 1st November 2004 and is based in the West End. - (11-11-2004)

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London economy slows

The Centre for Economics and Business Research has said that growth in London's economy will be cut by more than half in 2001 as the downturn in the economy affects firms in the capital. The decline in corporate finance work and stock market slump will see the financial services sector act as a drag on London's growth. The CEBR expects the London economy to grow by just 2.1% this year, down from 5% last year. In 2002 growth could increase slightly to 2.6% but will be behind the national average of 3%. The report on London's economy also predicts 10,000 job losses. - (18-05-2001)

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Dublin architect HKR now in the City

Demolition work has just started on 12 Arthur Street, London EC4, a site which has recently seen proposals for a new 12,680 sq m (136,487 sq ft) office building of 10-storeys submitted for planning permission by developer Shieldpoint. The proposed scheme has been designed by Irish architects Horan Keogan & Ryan, a firm which has made a big impact in the Sandyford area of Dublin over the last decade, designing the Sandyford Business Centre and the AIB Financing & Leasing premises among other projects. Horan Keogan & Ryan's latest office project in Dublin is The Atrium Office Development for Green Properties, which is now nearing completion. - (12-04-2001)

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Ernst & Young to More London Bridge?

A report in this weeks Sunday Business has said that Ernst & Young has decided to relocate to purpose built offices on the South Bank. Ernst & Young had been linked to taking office space at One Westminster Bridge but following the decision to refuse planning approval it is possible that the firm is now again looking closely at taking space at CIT's More London Bridge in SE1. Ernst & Young has in the past been linked to Plot 4 at More London Bridge for a 40,864 sq m (439,865 sq ft) building. - (25-02-2001)

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Pillar approach to Wates rumoured

Pillar Properties is said to have made an approach to buy property company Wates City of London Properties. Wates City of London Properties is currently trying to sell CityPoint, the largest office building under construction in the City of London and also has other office schemes planned in the Square Mile. Pillar operates 28 retail park schemes and also has business park interests, but has a low exposure to the central London office market. - (13-11-2000)

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MEPC sells Alban Gate

MEPC, the property company, has sold Alban Gate, London Wall, London EC2 for around £157m to CIT (Capital and Income Trust). Alban Gate is a 34,373 sq m (370,000 sq ft) building largely occupied by Chase Manhattan, the US bank. MEPC is also to dispose of its Scottish subsidiary, Caledonian Land for a further £150m. The sales are part of MEPC's disposal programme, which will leave the company focussed on its business park developments in Basingstoke, Warrington, Cambridge, Abingdon and Leavesden. - (05-11-2000)

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McGraw Hill to take DS4 at Canary Wharf

McGraw-Hill, the US-based information services provider, has signed a letter of agreement with Canary Wharf Group to take the majority of the 46,450 sq m (500,000 sq ft) DS4 building at Canary Wharf to accommodate the company's rapidly growing financial services and business-information operations. The new building for The McGraw-Hill Companies is designed by Skidmore Owings & Merrill and construction wok will start once formal contracts are signed and will be ready for occupancy in 2003. The McGraw-Hill Companies plan to occupy the majority of the new building with options for expansion over the balance of the space. The new building will have direct access to the new retail building immediately to the north, to the underground retail mall, and to the Jubilee line link - (06-10-2000)

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Docklands site on the market

A vacant seven acre site in London Docklands to the west of the new Billingsgate fish market and adjoining Canary Wharf is said to be on the market and could be acquired by Canary Wharf Group. The site is owned by the Ruler of Dubai, Sheikh Maktoum Al-Maktoum, and a number of business associates and could be worth £150m. If acquired by Canary Wharf Group the site would be an extension to the Canary Wharf complex. The consortium, which operates under the name Wetherby, a Gibralter registered firm, is thought to have planning consent for a hotel, exhibition space and offices totalling over 69,676 sq m (750,000 sq ft). - (25-09-2000)

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