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Kaupthing

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New plans for West End site

NoHo Square developers named

Noho site sale

Re-design mooted for W1 scheme

Noho bids

Stanhope win Noho

Stanhope is now the developer of the NoHo Square scheme in Mortimer Street, London, W1. The 1.3ha (3 acre) NoHo site was owned by Kaupthing, the Icelandic bank, but a £50m deal will see Stanhope in control of a joint venture. It is thought that Kaupthing will write off £200m of debt on the project. The planned 82,776 sq m (891,000 sq ft) of luxury apartments and 32,980 sq m (355,000 sq ft) of offices is expected to be redesigned with a media industry focus. - (21-03-2009)

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NoHo no go!

CPC Group, the Candy & Candy venture, has transferred its equity and share in the NoHo Square development in Mortimer Street, London, W1, to Kaupthing, the Icelandic bank, which now has 100% of the project. The 1.3ha (3 acre) NoHo site was planned to be redeveloped as a 82,776 sq m (891,000 sq ft) as luxury apartments and 32,980 sq m (355,000 sq ft) of offices but the scheme may now be redesigned. Candy & Candy will cease to be development managers on the project. The site is now said to be worth £120m (down from £175m) and the bank may now sell the site or seek a new development partner. - (04-11-2008)

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