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Insight Investment Management

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Soho scheme nears completion

Rolls and Arnold to start

Lettings for Insight scheme

Joint venture looks for 2006 start

St Martin's Lane spring completion

St Martin refurb to complete in spring

Latest Insignia London Report

A 'very confident' minority.

In the shadow of Tower 42

20 Soho Square completed

Refurbishment underway

HBG on-site

Refurbished offices near City Road.

Land Sec' completes 140 London Wall

Mid town space sub-letting

Take-up falls

West End space update

Kinnaird House back on market

London Stock Exchange considers bids

New home for the Bank of India?

Clifford Chance to take tower at Canary Wharf

Heron's skyscraper plans to be submitted

Palestra for summer start

Blackfriars Investments and its joint venture partner Royal London Asset Management has said that it will start work on its 39,018 sq m (420,000 sq ft) Palestra office development in Blackfriars Road, London SE1 by June 2003 and be completed in late 2005. The scheme, designed by Will Alsop, has £79m of funding from Bank of Scotland. The site is ready for development with the previous 1960’s office building having been demolished last year. The letting agents for the scheme are Insignia Richard Ellis and DTZ. - (27-02-2003)

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Stock Exchange submits plans

The London Stock Exchange has submitted plans to the Corporation of London for the development of its site in Old Broad Street, London EC2. The Stock Exchange is to relocate to Paternoster Square in mid-2004 and is planning to sell its existing premises on gaining planning consent. The new plans, by architect Nicholas Grimshaw, include a major refurbishment of the 26-storey Exchange Tower and the development of two new buildings. An eight-storey block will be created on the site of the old trading floor and a five-storey building on the corner of Old Broad Street and Throgmorton Avenue. The scheme will provide 44,128 sq m (475,000 sq ft) of office space and also include 3,716 sq m (40,000 sq ft) of retail space. The London Stock Exchange is being advised by Greycoat subsidiary City Offices and Insignia Richard Ellis has advised on the plans. - (17-10-2002)

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Agents for change

With more competitive times now facing the property industry developers are starting to make a few changes in their letting agents. Thorstone Land has replaced Knight Frank on the marketing of Lion Plaza in EC2 with BH2, and at 'The Eye' in WC1 Alfie Buller's Bee Bee Developments has replaced Atis Real Weatheralls with Insignia Richard Ellis. No doubt there are more changes to come as the increasing supply puts more pressure on agents to be more proactive in letting space. - (10-11-2001)

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Glasnost - Online Project, Contact & Image Management

Greycoat to advise Exchange

Greycoat is to advise the London Stock Exchange on the redevelopment of its site on Old Broad Street, London EC2. The LSE will relocate from its 15,793 sq m (170,000 sq ft) of office space in the 26-storey Exchange Tower in 2004. City Offices, owned and operated by the management of Greycoat, is thought to have beaten rival Stanhope to the consultancy role. The Stock Exchange is being advised by Insignia Richard Ellis. - (14-07-2001)

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Exchange Tower on market

The London Stock Exchange has confirmed that it is to relocate to King Edward Court at Paternoster Square EC4 in 2004. The London Stock Exchange is said to have taken a 25-year lease at £12.5m per annum. Exchange Tower, currently partly occupied by the exchange, has been valued at £93m and will be sold for redevelopment. The London Stock Exchange has owned the freehold of the building since 1972. The London Stock Exchange was advised by Insignia Richard Ellis. - (12-06-2001)

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Canary Wharf goes to £41 per sq ft

Canary Wharf has agreed the biggest single lease transaction in central London in its 93,000 sq m (1,001,052 sq ft) deal with Lehman Brothers, the US investment bank. Lehman Brothers will take the Cesar Pelli designed 30-storey HQ2 building, now under construction at Heron Quays, London E14, at a rack rent of £441.32 sq m (£41 per sq ft). Lehman Brothers will occupy the building in late 2003 and vacate about 40,000 sq m (430,560 sq ft) at Broadgate in London EC2. Insignia Richard Ellis advised Lehman Brothers on the transaction. - (06-04-2001)

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Shell-Mex House for sale

Shell-Mex House in the Strand, London WC2 is rumoured to be on the market at around £300m. The landmark office building was built by Royal Dutch Shell as its head office in 1931 and was acquired by Witkoff, the US property company, for about £180m in 1999. The 53,400 sq m (575,000 sq ft) building completed a major refurbishment last year and is now occupied by Omnicom, the advertising group, Pearson, the media company, and Vizzavi, the internet joint venture between Vodafone and Vivendi. It is said that Insignia Richard Ellis is to market the investment opportunity. - (11-03-2001)

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Lehamn Brothers take HQ2

Lehman Brothers, the US investment bank, has confirmed that it is to move its European headquarters to the HQ2 building at Heron Quays, Canary Wharf, London E14. The building, designed by Cesar Pelli, is due for completion in August 2003. HQ2 is planned as a 30-storey 95,081 sq m (1,023,444) sq ft tower and Lehman Brothers is said to have an option to extend the building by linking with HQ1 of 26,955 sq m (290,141 sq ft). Lehman Brothers is advised by Insignia Richard Ellis. - (19-02-2001)

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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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London Stock Exchange may relocate

The London Stock Exchange has announced that it is considering vacating the 24-storey Exchange Tower in Old Broad Street EC2 as part of a defence against a hostile bid from Sweden's OM Group. The London Stock Exchange could relocate to a new headquarters by 2004 and could sell the building, which it is said may be worth about £100m. The relocation by 2004 would tie in with lease expiry on the premises. Insignia Richard Ellis was appointed in June 1999 to advise the Exchange on its property requirements. - (20-10-2000)

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