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Teachers' Assurance

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City tower to start in 2012

Plans approved

New City tower plan

City refurbishment

Collingwood House appointments

Collingwood House update

Fleetway House scheme to start

Royex House to start

Latest London investment sales

Jewry Street redevelopment delay

Sir John Cass's Foundation, the inner London educational trust, is still in negotiations with the City Corporation for a redevelopment behind the 1899 façade of 31 Jewry Street, London, EC3. The new teaching and laboratory space and office planned would amount to 8,560 sq m (92,139 sq ft) on six storeys. The application for renewed permission was withdrawn from last weeks planning committeee for further negotiations. The architect for the latest scheme is Chapman Taylor - (21-11-2005)

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Hanover Cube opens for business

Hanover Cube, a new project management company set up by former directors at Jones Lang LaSalle, has taken over the project management role at Scottish Widows and Teachers' office development at Royex House, Aldermanbury Square, London, EC2. Hanover Cube opened for business on 1st November 2004 and is based in the West End. - (11-11-2004)

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Cannon Bridge sold for £167m

The headquarters of the London International Financial Futures & Options Exchange (LIFFE) has been sold in a £167m deal, a yield of about 7.9%. The 250-year lease on the 26,477 sq m (285,000 sq ft) building at Dowgate Hill, off Cannon Street EC4, has been acquired by Fordgate, a secretive private property group run by the Gertner brothers. The deal, one off the biggest this year, shows a profit for Pillar Properties, which paid Railtrack and General Electric £64m for the building in 1995. Pillar sold a 75% stake in the building to the Teachers Insurance and Annuity Association, the US pension fund, in 2000 for about £140m. Liffe occupies about half of the Canon Bridge building and has a 'rolling' tenant break. The rest of the space is occupied by Standard Chartered Bank and Winterflood Securities. In July 78 Cannon Street, adjoining Cannon Bridge, was sold by Marylebone Warwick Balfour (MWB) to Hines, the US property developer, for £53.3m. In the 1980's developer Speyhawk was considering linking the two buildings and there must still be potential for longer term redevelopment. Pillar and Teachers were advised by FPD Savills. - (06-10-2002)

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