Property Week reports that JP Morgan has chosen Cushman & Wakefield and DTZ to work on a strategy to dispose of up to 800,000 sq ft of office space in the City of London, ahead of the investment banking unit’s move to Canary Wharf in 2013. JP ... Read more
Property Week reports today that the City of London is poised to employ little-used powers to enable the 20 Fenchurch St development – known as the “Walkie-Talkie tower” – to go ahead. It says the City’s planning officer has produced a report calling ... Read more
Savills says rents for available office property in the City of London will “kick up” to £65 per sq ft by 2012, with rents for West End offices set to rise to £111 per sq ft. At its annual client presentation in conjunction with Oriel Securities in ... Read more
There are press reports of two large deals on office space in the City of London today. The Telegraph reports that private equity firm Carlyle is to put landmark City building Alban Gate on the market, only months after buying it with some other ... 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
The Telegraph reports today that law firm McDermott Will & Emery has signed up to become the first tenant of the Heron Tower in London, paying the highest rent per sq ft since the onset of the economic downturn in the UK. The firm has agreed to ... Read more
Heron Tower, at 110 Bishopsgate, was topped out today. This is currently the tallest building in the City of London, with 46 storeys, and offers 439,560 sq ft of offices with a restaurant and bar at floors 38-40. The tower is 663 ft high but when its ... Read more
The Financial Times has commented on the number of commercial property developments that are under way in the City of London. These include projects that had previously been put on hold but are now being restarted, the paper says. Developers are ... Read more
