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Six major office scheme contractors are tipped to be competing to build British Land's £340 million 'Cheese grater' building in Leadenhall Building in Leadenhall Street, London, EC3. Mace, Skanska, Laing O'Rourke, Bovis Lend Lease, Balfour Beatty and Sir Robert McAlpine have been identified as front-runners for the project.
- (17-12-2010)
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Shell-Mex House in the Strand has been sold for just under £500m to Westbrook, the US fund manager. The 51,096 sq m (550,000 sq ft) art deco building was owned by a group of private investors, including Robert and Vincent Tchenguiz, David and Simon Reuben and Jack Dellal, who acquired the building in 2002 for £327m from Lehman Brothers. The building has been on the market since early 2006 and has seen several bids fall through, possibly because of rising interest rates. Westbrook was advised by Knight Frank and CB Richard Ellis advised the consortium. - (06-07-2007)
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St Martin's Property Corporation’s planned 19,000 sq m (204,516 sq ft) 8-storey office scheme at 150 Cheapside, London EC2, has been granted detailed planning permission and a shortlist of main contractors has been drawn up. Sir Robert McAlpine, Carillion, Mowlem, Skanska and Balfour Beatty are all reported to be on the shortlist for the new office building. Demolition of the existing site (known as St. Vedast House) is likely to begin before the end of this year and the building should be ready during 2008. - (14-04-2005)
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In March 2005, Sir Robert McAlpine is expected to complete the construction of City Office’s (Greycoat) new 12,322 sq m (132,642 sq ft) Condor House office and retail scheme at 4 St Paul’s Churchyard, London, EC4. The building, known as Condor House, is being marketed by CB Richard Ellis. The building will provide a net office area of 10,033 sq m (108,000 sq ft). - (13-01-2005)
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TrizecHahn, the Toronto-based property investment company, and Rugby Estates, backed by UBS, the Swiss Bank, and Hilstone, the developer, are said to be shortlisted to compete to buy Taylor Woodrow's St Katherine's Dock development in London E1. The bidding for the 1970's development is said to be close to the asking price of £250m. The development comprises mainly residential units but includes a site with planning permission for a 16,722 sq m (180,000 sq ft) office scheme known as K2. Other losing bidders are said to include Marylebone Warwick Balfour, the property company, with JE Robert and Greycoat; Catalyst Capital with Blackstone, and Lehman Brothers, the US funds; and CIT. - (15-10-2001)
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The St Katherine's Dock mixed-use development in East Smithfield, London E1 is understood to have been put on the market by Taylor Woodrow. In 1969 the Port of London Authority sold the docks in Wapping to the Greater London Council for £1.5m and in 1969 the GLC awarded Taylor Woodrow the project to develop the docks, the first London Docklands regeneration project. The development includes the K2 site, previously called Europe House, which is planned as a 21,802sq m (234,676 sq ft) building that will provide seven-floors of office space, amounting to 16,720 sq m (180,000 sq ft), and a lower ground floor of 1,394 sq m (15,000 sq ft) of retail and restaurant space. The whole St Katherine's Dock development is on the market through Jones Lang LaSalle and is expected to be sold for around £250m. Possible bidders are said to include Catalyst Capital (previously Greenwich Group) with Lehman Brothers, and the US funds JE Roberts and Blackstone. - (01-07-2001)
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Burberry, the UK luxury clothing chain owned by GUS, is said to have taken an assignment of eToys former office space at St Alban's House, 10 St Alban's Street, London SW1. The office space amounts to about 4,270 sq m (45,962 sq ft) and is to be used as Burberry's headquarters. Robert Neil & Co is advising Burberry. Burberry has its administrative office at 29 Chatham Place, London E9 and its main retail store at 18 Haymarket, London SW1. - (21-04-2001)
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