British Land and Oxford Properties today announced agreement on the pre-letting of 191,000 sq ft to insurance group Aon at their joint development, the Leadenhall Building in the City of London. The letting represents over 30% of the 610,000 sq ft ... Read more
The performance of Central London’s various submarkets for office space was varied in May, says CBRE in its latest monthly overview. While transactions jumped 24% year-on-year to 777,900 sq ft, there were falls in the City and South Bank but large ... Read more
British Land this morning announced the first pre-let for its Leadenhall Building joint venture with Oxford Properties – the so-called “Cheesegrater”. The insurer Aon has agreed non-binding heads of terms to take ten floors of offices totalling ... Read more
In another indicator of rising confidence in the capital, the Drivers Jonas Deloitte Crane Survey has recorded 25 new schemes in London offices construction projects, with a total of 6.4m sq ft now under construction compared with an all-teim low of ... Read more
Minerva, which specialises in office and residential developments in the City and West End of London, today announced a 2.8% increase in the valuation of its investment properties, and a 3.7% rise in the value of its trading portfolio, during the ... Read more
The City tower known as the Cheesegrater is to be built by British Land and Oxford Properties, who have signed contracts to form a joint venture for the development. The 610,000 sq ft building at 122 Leadenhall Street, EC3, has been designed by ... Read more
British Land yesterday reported a 4.2% increase in NAV to 525p per share for the half-year to end-September, and said it had seen a stabilisation in retail rental values with growth seen in the best retail locations. Rental growth continued in the ... Read more
More Central London office space news today – Hammerson has, according to the Telegraph, submitted a planning application to build on its St Alphage property in the City to create a 195,000 sq ft “mini-tower” and a 300,000 sq ft building running ... Read more
Another deal has been struck to get a City skyscraper built – British Land has agreed heads of terms with Oxford Properties, the property arm of the Canadian OMERS fund group, to build the tower at Leadenhall in the City known as the Cheesegrater. ... Read more
British Land pleased investors this morning with stronger than expected results for the year to March 31. It said NAV had risen 27% to 504p and its portfolio valuation had grown 13.5% over the year. The group is considering restarting work on its ... Read more
