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Central London office take-up in January 2011 slipped a little to 700,000 sq ft, after a strong December. The City accounted for nearly half the monthly total, while grade A transactions only reached 135,000 sq ft. Major deals were signed with Kroll, Friends Provident and Chicago Mercantile. - (16-02-2011)
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Garbe’s Victoria House scheme in Bloomsbury Square, London, WC1, has been sold for about £160m to Moritz Holdings, run by Irish investor Michael Whelan. Originally completed in 1932, for the Liverpool Victoria Friendly Society, the 27,220 sq m (293,000 sq ft) Grade II listed Victoria House was acquired by Garbe in 1999 from Blackfriars Investments for around £40m and redeveloped as 20,156 sq m (216,961 sq ft) of office space at a cost of nearly £40m. - (12-01-2004)
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