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Fleet Street Partnership

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News about Fleet Street Partnership

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US bank shortlists architects

Fleet Street office plan

Midtown scheme rethink

Refurbishment in EC4

Bouverie House start planned

Consent for EC4 refurbishment

Application for major EC4 scheme

Refurbishment in EC4

Letting for new EC4 scheme

Fleetway House scheme to start

Consent for EC4 scheme

UBS refurbishment underway

Large refurbishment planned for EC4

Reuters Canary move

Start made on Fleet Street scheme

Mid town space sub-letting

Internet firms fuel rental growth

MEPC to develop in Lombard Street?

MEPC to buy London properties from Scottish Widows

British Land clears the way

British Land has used H Smith Demolition to clear a major site for a 11,148 sq m (120,000 sq ft) office development at the corner of Old Seacoal Lane and Old Fleet Lane, just off Farringdon Road in London. At this time British Land is awaiting the right market conditions before starting development, but this is not expected to be long in an improving market. - (20-09-2004)

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BT may sell portflio to LandSec's

British Telecom is said to be close to arranging a sale and leaseback deal on its £2bn property portfolio with Land Securities. Land Securities is rumoured to have beaten Mapeley to the deal. In what is thought to be a speeding up of the process BT may now complete its £2bn portfolio sale and leaseback deal by summer 2001. BT's advisor Schroder Salomon Smith Barney is understood to have recently shortlisted Land Securities Trillium and Mapeley, the George Soros backed venture, as the final two bidders for the 7,500 sites in the UK. Oftel, the telephone regulator, has set restrictions on BT's ability to sell sites and they are to be leased to the successful bidders for 130-years and then leased back by BT on 30-year agreements. The leases are understood to have break options for BT to vacate premises after 15-years, providing redevelopment opportunities for central London sites such as Mondial House, Upper Thames Street and Fleet Building, Farringdon Street, both in EC4 - (09-04-2001)

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Crown Estate buys Fleet Place House

The Crown Estate acquired Fleet Place House, London EC4 in January 2001 from Heron London Developments for £59.9m, reflecting a net initial yield of 6.7%. CB Hillier Parker acted for the Crown Estate and Insignia Richard Ellis for Heron. - (02-02-2001)

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British Land announces deal with WestLB

British Land has announced a joint venture with Westdeutsche Landesbank (WestLB), the German bank, to dispose of a 50 per cent interest in four London office properties and receive £358m cash. The four properties are One and 10 Fleet Place, 100 New Bridge Street, and Watling House on Cannon Street. The remainder of the venture will be owned by WestLB, and Westdeutsche ImmobilienBank and Provinzial-Feuerversicherungsanstalt Der Rheinprovinz-Versicherung Der Sparkassen. John Weston-Smith, finance director at British Land, has been reported as saying that the deal is "more than enough" to pay for current developments in the City of London. - (03-10-2000)

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