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The new Greater London Magistrates Court Authority building is due for completion in summer 2011. The £50m, 9,700 sq m (104,410 sq ft) building designed by architect Hurd Roland Partnership is at the junction of Seymour Place and Marylebone Road, London, NW1 is approaching shell and core completion. Laing O’Rourke is the main contractor. - (04-02-2011)
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London office lettings in May 2010 reached 950,000 sq ft, after a return to the levels seen earlier this year. The total was underpinned by a 185,000 sq ft letting to Shell at Canary Wharf. Elsewhere the City is currently outstripping the west end and letting activity is picking up in Midtown. Figures compiled by Cityoffices.net - (06-07-2010)
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Central London office lettings topped 1m sq ft again in February 2010, continuing the positive trend of the last six months. Although only 30 deals over 5,000 sq ft were signed, large lettings to Shell, LOCOG and Stephenson Harwood, pushed the total into seven figures again. Just over 100,000 sq ft was new, grade A, space. - (25-03-2010)
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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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Shell UK has not yet made a decision on a start date for its £200m, 60,000 sq m (646,000 sq ft) redevelopment called Belvedere Court at York Road, London, SE1. Shell is thought to be currently "assessing market conditions" before deciding when to tender for a main contractor for the project. - (16-11-2004)
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Shell International’s plans for the redevelopment of part of the Shell Centre site in London, SE1 have been given planning consent on appeal. The scheme in York Road is to be developed in partnership with Lend Lease and is known as Belvedere Court. The development include about 32,000 sq m (344,450 sq ft) of offices, 7,300 sq m (78,575 sq ft) of retail within the existing Shell building, 4,000 sq m (43,056 sq ft) of restaurants and cafes, 11,200 sq m (120,556 sq ft) of sports facilities and 4,700 sq m (50,590 sq ft) of conference space. The scheme has been designed by Arup Associates - (20-04-2004)
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Land Securities has sold the 14,864 sq m (160,000 sq ft) of office space and 3,716 sq m (40,000 sq ft) of retail space at Grand Buildings in the Strand to Noriba Bank, a subsidiary of UBS, for about £140m. The building was completed in 1991 and is the base for Shell, the oil company, and Lattice, the power company. - (22-07-2003)
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Shell International and Lend Lease have submitted detailed plans for the redevelopment of part of the Shell Centre site in York Road, London SE1. The scheme now has a high office content, rather than a retail emphasis as originally envisaged, following discussions with London Borough of Lambeth. The £180m scheme, named Belvedere Court, includes about 32,000 sq m (344,450 sq ft), of offices, mainly in a new 12-storey building, 7,300 sq m (78,575 sq ft) of retail within the existing Shell space, 4,000 sq m (43,056 sq ft) of restaurants and cafes, 11,200 sq m (120,556 sq ft) of sports facilities and 4,700 sq m (50,590 sq ft) of conference space. The scheme has been designed by Arup Associates. Knight Frank is rumoured to be marketing the ofice development and CB Hillier Parker is the agent for the retail space. If planning approval is granted the scheme could be completed in autumn 2004. - (03-09-2001)
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Bee Bee Developments has gained planning permission for the re-development of Procter House in High Holborn WC1. The office scheme named 'The Eye' is eight storeys and involves stripping the existing building back to frame and recladding and extending the space. The Eye will provide 7,550 sq m (81, 268 sq ft) net in a central building with links to two wings, the 2,508 sq m (27,000 sq ft) Lion Court and the 2,137 sq m (23,000 sq ft) Eagle House. Lion Court and Eagle House are currently awaiting planning permission and could be marketed separately. The construction work on The Eye is underway and will be completed to shell and core in in April 2002. - (02-04-2001)
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Shell-Mex House in the Strand, London WC2 is rumoured to be on the market at around £300m. The landmark office building was built by Royal Dutch Shell as its head office in 1931 and was acquired by Witkoff, the US property company, for about £180m in 1999. The 53,400 sq m (575,000 sq ft) building completed a major refurbishment last year and is now occupied by Omnicom, the advertising group, Pearson, the media company, and Vizzavi, the internet joint venture between Vodafone and Vivendi. It is said that Insignia Richard Ellis is to market the investment opportunity. - (11-03-2001)
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The Financial Times, owned by Pearson, has a requirement for additional office space and is said to ahve pre-let The Riverside Building, opposite the FT's headquarters, at Southwark Bridge, London SE1. The building recently started construction and should be completed to shell & core early next year, with occupation by summer 2002. It is said Stephen Hill, the FT Group chief executive, is keen to build an "FT Campus" in Southwark. - (28-01-2001)
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