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Mitsubishi Estate Company

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City block may re-start

City site to progress

Demolition to re-start

City refurbishment plan

Refurbishment plan in EC2

City scheme likely

Mayfair scheme re-started

Bank HQ plans

Progress for Mayfair scheme

Bow Bells House letting

Major pre let announced

Hanover demolition

City refurbishment

City refurbishment update

Mayfair consent

West End start mooted

City refurbishment start

City pre-let

Bow Bells letting

Mayfair site pre-planning

99 QVC letting rumour

Bovis Bow Bells.

Bow Bells House start mooted

Paternoster at structural completion

Speculative schemes set to increase

Juxon House 'dig' programme submitted

Macquarie to move HQ to Ropemaker

Macquarie Bank, the Australian investment bank, is understood to have agreed to take 20,160 sq m (217,000 sq ft) offices at British Land's Ropemaker Place in the City of London for its 1000 London staff. Terms are undisclosed. Macquarie was close to letting Drapers Gardens last year has been outbid by Blackrock. The bank has a lease expiry at City Point in 2011. Ropemaker Place is now almost 80 percent let. Bank of Tokyo-Mitsubishi UFJ Ltd. and Mitsubishi UFJ Securities leased almost 230,000 sq ft in the building last year. - (12-02-2010)

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Paternoster Square to open

Paternoster Square is to be opened to the public in mid-September and the development will be officially opened in November. The opening will be the culmination of a 15-year development saga. The site was acquired in 1986 by the Paternoster Consortium, including British Land, Unilever and Barclays Bank, and had Stanhope as the developer. However, after four changes of ownership the development has been completed by MEC (Mitsubishi Estates). - (03-09-2003)

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Paternoster up for sale

Mitsubishi Estate Company is said to be selling its Paternoster Square office development in London EC4. The 46,451 sq m (500,000 sq ft) scheme is under construction and due for completion in March 2003. Mitsubishi is believed to have invested over £220m in the scheme and borrowed a further £200m to build it. All the buildings at Paternoster are now pre-let and the rent roll is put at abut £35m, with average rent said to be around £592 per sq m (£55 per sq ft). It is thought that Mitsubishi may retain one of the buildings. Healey & Baker has been appointed to sell the completed development. - (10-02-2002)

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London Stock Exchange to stay in City

The London Stock Exchange is reported to have decided to take a pre-let on the 19,440 sq m (209,260 sq ft) King Edward Court building at Paternoster Square, London EC4. The London Stock Exchange had been rumoured to be considering a move to Canary Wharf but it is thought that no suitable space was available. In particular the London Stock Exchange is said to require "its own front door". The King Edward Court building is being developed by Mitsubishi Estates and is planned to be completed in 2004. The London Stock Exchange has about 500 staff and occupies just over half its existing building in Old Broad Street, London EC2. It is said that the exchange may now sell the 26-storey 1970's tower as a redevelopment scheme. - (09-04-2001)

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Company Details for Mitsubishi Estate Company