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Societe Generale

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West end application

Consent for SW1 scheme

New application in St James

Planning consent in St James'

New scheme for SW1

Bank finds City space

Paddington phase two approval

New owner for Shelley House

Activity on 140 Aldersgate Street EC1

Lloyd's Building sold to Shelbourne

The Lloyd’s Building in the City of London has been acquired by Shelbourne Investments, the Irish-based company owned by Garrett Kelleher, in a deal at around £240m. The 32,330 sq m (348,000 sq ft) building is owned by Deka, the German investment fund, which is thought to have paid around £186m for the building in 1986. Shelbourne Investments beat off seven rival to buy the building, currently let to the Society of Lloyd’s on a lease expiring in February 2013. The acquisition is Shelbourne’s second investment in the City of London having paid about £16.0m for the lease on 18-20 Cannon Street, London, EC4 last year. - (12-01-2004)

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Victoria House sold for about £160m

Garbe’s Victoria House scheme in Bloomsbury Square, London, WC1, has been sold for about £160m to Moritz Holdings, run by Irish investor Michael Whelan. Originally completed in 1932, for the Liverpool Victoria Friendly Society, the 27,220 sq m (293,000 sq ft) Grade II listed Victoria House was acquired by Garbe in 1999 from Blackfriars Investments for around £40m and redeveloped as 20,156 sq m (216,961 sq ft) of office space at a cost of nearly £40m. - (12-01-2004)

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SG to expand at Tower Hill site

A planning application has been submitted by Healey & Baker on behalf of SG (Societe Generale), for the redevelopment of the Minories multi-storey car park adjoining SG's office at 41 Tower Hill, London EC3. The proposal is to redevelop the Corporation of London car park to provide a 9-storey office block of 23,937 sq m (257,657 sq ft) gross and 18,615 sq m (200,371 sq ft) net office floorspace. - (17-10-2000)

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Equitable Life plans scheme in Bishopsgate

The Equitable Life Assurance Society has submitted a planning application for the demolition of Stone House and Staple Hall in London EC2 and the rebuilding behind facades. In addition properties at 1 and 3-5 Stone Court, 142-148 Bishopsgate, and 1-11 & 13-17 Devonshire Row are to be refurbished. Overall the new development will provide 18,650 sq m (200,748 sq ft) net of office space and 5,800 sq m (62,431 sq ft) net of retail space. The scheme would be opposite the site at 110 Bishopsgate on which Heron propose to build a skyscraper development. - (01-10-2000)

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