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Hammersmith consent

Hammersmith consent

Euston Redevelopment

Hammersmith delay

Refurbishment start

Refurbishment in EC2

Hammersmith application

Demolition in EC2

New plans unveiled

Midtown consent

City site sale

Smithfield negotiations

Refurbished office let

Farringdon demolition

Farringdon consent

New Smithfield plans promised

South Bank start

Consent for Farringdon scheme

Revised Farringdon proposals

New start in EC3

EC1 office scheme called in

Farringdon progress for Thornfield

Thornfield's 5m sq ft application

Skycraper exhibition to tour US

Central London deals and pre-lets October 2017

Central London office lettings in October 2017 reached a healthy 1.3m sq ft of deals from 60 mid-large size transactions (5,000 sq ft+) during the month. The October figure exceeds the current monthly average of just under 1m sq ft.

October was characterised by 14 office deals over 20,000 sq ft, which included Dentsu Aegis' 310,000 sq ft pre-let at 1 Triton Square, NW1, Sidley & Austin's 120,000 sq ft pre-let at 70 St Mary Axe, EC3; WeWork took 107,000 sq ft at One Poultry, EC3, and Red Bull took 37,000 sq ft at Seven Dials, WC2.

Media topped the table of lettings by sector, underpinned by the Dentsu Aegis deal. This was followed by professional services with the large deals involving Sidley Austin and Grant Thornton.  Business services also performed well, helped by the lettings to WeWork and Orega. Office deals 'under offer' in central London fell slightly to 3.5m sq ft and pending deal volumes are healthy in nearly all sub-markets.

By area, the City accounted for 32pc of the office floorspace let in October at 414,000 sq ft. The West End saw 553,000 sq ft of take-up, underpinned by Dentsu Aegis. Midtown contributed 147,000 sq ft of lettings. Current London office demand is calculated to be around 3.2m sq ft in the City and 2.9m sq ft in the West End.

The volume of grade A (newly built or refurbished office space) let during the month reached 718,000 sq ft (55% of the monthly total), as transactions for new space resumed their recent strong showing.

Metropolis research is currently monitoring 630 'live' London requirements, with deals for space of up to 1.8m sq ft due to sign in the next few months.

Cityoffices and Metropolis havr produced its latest London Skyline report for Q4 2017. The report contains details of new office schemes under construction, demolitions underway and projections for future construction. Further details of planning applications and consents, with scheme by scheme detail are listed on the website. Details on the report and Cityoffices from Andy King at - (01-12-2017)

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New architect for Smithfield

Thornfield Properties has appointed a new architecture team to redesign its plans for Smithfield Market in the City of London. Architect Kohn Pederson Fox has been replaced by John McAslan & Partners. Plans by KPF were rejected in August 2008 by Secretary of State Hazel Blears. Revised plans will be submitted shortly. - (11-11-2008)

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November inquiry for EC1 scheme

The public inquiry to determine Thornfield Properties’ contentious 35,303 sq m (380,000 sq ft) office scheme at Smithfield market, London, EC1 will begin in November 2007. A successful outcome for Thornfield may prompt a 2008 construction start. - (26-10-2007)

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Glasnost - Online Project, Contact & Image Management

Smithfield plans called in

Thornfield Developments has had its plans to redevelop the west wing (General Market building) of the former Smithfield market at 43 Farringdon Street, London, EC1, called in and could face a public inquiry. The plans are seen as a possible conflict with “national policies on important matters”. The £150m plans are for a seven storey 39,204 sq m (422,000 sq ft) redevelopment. Other buildings in Smithfield are no longer part of the plans, which have been scaled down following the listing of the Red House cold store earlier in the year. - (06-07-2006)

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Thornfield thwarted by Smithfield listing

Property developer Thornfield's plans for three large office buildings totalling 5m sq ft across disused parts of Smithfield market in Farringdon, London, EC1 have been dealt a blow by the listing of the former Fish Market. Thornfield will now have to change its plans to incorperate the listed building. - (04-03-2005)

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Save Smithfield Market

Save Britain’s Heritage (SBH) is setting out to save the western buildings at Smithfield Market from redevelopment plans by the Corporation of London. SBH considers that the impending fight to be as important at that for Covent Garden in the 1970’s. The General Market buildings, owned by the Corporation of London and designed by architect Sir Horace Jones, have been vacant for at least six years. Although the entire complex is within a conservation area only about 60% of the buildings are listed. Thornfield Properties is thought to be working up a planning application for office development supported by the Corporation. The site is part of a plan by the City of London to allow 1m sq ft (92,900 sq m) of development at the western end of Smithfield and the proposed Crossrail track will bisect the site. - (18-02-2004)

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Hammerson sale falls through

Hammerson has issued a statement on the London Stock Exchange to the effect that its deal to sell three office buildings to Fordgate, a private company, has fallen through. Fordate was to have paid around £122m for 21 Moorfields, London EC2, and Grant Thornton House and 40, Melton Street, Euston Square, NW1. Hammerson has said that it has "fulfilled the outstanding conditions" and that "the proposed purchaser has failed to complete the transaction in accordance with the contract". Hammerson has therefore terminated the contract and appears to be intending to retain Fordgate's deposit and seek redress. Fordgate has responded to Hammerson's statement saying it was "factually incorrect and libellous... No subsidiary of Fordgate Limited asn contracted to acquire the properties mentioned". - (26-11-2003)

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Hammerson sell London offices

Hammerson, the property company, has sold three office blocks to reduce its exposure to the central London office market. Fordgate, a private company, has paid around £122m for 21 Moorfields, London EC2 (151,000 sq ft), and Grant Thornton House (69,000 sq ft) and 40, Melton Street (116,000 sq ft), two buildings that are part of the Euston Square Estate. 21 Moorfields is vacant but leased to Lazard Brothers until 2008. Hammerson had plans to redevelop the site and as part of the sale agreement is understood to have retained a role as development manager and an option to participate in any redevelopment. At Euston Square, Grant Thornton House is leased to Grant Thornton and 40, Melton Street is leased to Network Rail. Hammerson has retained ownership of the 117,000 sq ft building at One Eversholt Street which will allow the company to be involved in any future redevelopment of Euston Square. - (21-10-2003)

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