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Balfour Beatty

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Contractor appointed

City scheme close to completion

Noho scheme nears completion

City scheme to start

Contractor for SW1 scheme

Demolition in EC3

City scheme to start

Refurbishment in W1

City start

Contractors bidding at Kings Cross

Final two on shortlist

Midtown scheme to start

Shortlist for EC3 scheme

Central London Offices: Onwards and Upwards

City scheme start

Midtown consent

Midtown start

City scheme nears completion

City scheme close to completion

Victoria negotiations

Construction start in W1

Midtown construction start

Balfour Beatty in WC2

Holborn scheme construction details

Cheapside scheme start date

LMS shortlists for W1 scheme

MWB to sell Cannon Centre

Clerical Medical in Kensington Village deal

BBC 'longlist' development consortia

MWB has plans at Royal Victoria Dock E16

MWB may seek revised scheme for Cannon Street

Central London Take-up July 2015

Central London office lettings registered nearly 1.1m sq ft sq ft of transactions in July 2015, spread across 41 deals during the month.

The month was characterised by 13 deals over 20,000 sq ft, including Ashurst the law firm pre-letting at Fruit & Wool Exchange, E1; Kings College at three buildings in Aldwych Quarter, WC2; NESTA’s pre-let at 58 Victoria Embankment, EC4: Office Group at the White Collar Factory in EC1 and Balfour Beatty at 5 Churchill Place, E14.

Professional sectors topped the table of lettings by sector, helped by the Ashurst deal, followed by Education and business services. Under offers are steady at 4.2m sq ft, of which a substantial proportion is in the City of London.

By area, the City accounted for a little under half the deals (15) and 46pc of the floorspace let in the month. Office demand is calculated to be around 5.9m sq ft in the City and 2.8m sq ft in the West End. Availability fell to 10m sq ft, but a number of new schemes are poised to come on line.

The volume of grade A (newly built or refurbished office space) let during the month reached 800,000 sq ft (nearly 80% of the total), as transactions for newly developed or refurbished space again predominated.

Metropolis is about to publish a new report on statistics on the near 900 new requirements added to the database in the first half of 2015. - (14-08-2015)

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Scheme tops out

AXA Real Estate Investment Managers has announced the topping out of Sixty London, its 215,000 sq ft, City of London Grade A office development which is scheduled for completion in summer 2013. The building is currently being developed by AXA Real Estate’s pan-European development fund, Development Venture III. The Kohn Pederson Fox designed scheme, includes nine office floors and is being constructed by Balfour Beatty. - (30-10-2012)

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Contractors tipped for City tower

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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Glasnost - Online Project, Contact & Image Management

Start date for 150 Cheapside

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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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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Bidding race at St Katherine's Dock

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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MWB acquires Marble Arch Tower

Marylebone Warwick Balfour has acquired the 90-year lease of the 15,003 sq m (161,500 sq ft) Marble Arch Tower, London W1 from Regalian properties for £69.2m. The building has been recently refurbished and tenants include Nokia, Abbey National, J Sainsbury and Odeon Cinemas. MWB is expected to take over the operation and management of the offices from Regus, the serviced office group, within the next 12 months. - (04-01-2001)

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