London
Prologis readies London multi-storey assault
Prologis secures series of sites around London.
- Prologis has acquired at least four sites where it could develop multi-storey warehouses in London
- Land values and rents have reached a level where expensive, multi-storey development is viable
- Many of the sites have existing occupiers meaning such development may not start quickly in each instance
Sale of £160m Embassy Gardens terminated
DWS and Ballymore end discussions; building is withdrawn from the market
- One Embassy Gardens sale talks end as building is pulled from the market
- Rather than make a third attempt to sell the building, Ballymore will see out the scheme to completion
- Ballymore will retain the asset and focus on leasing the wider Embassy Gardens development
Criterion set to buy in Covent Garden
Asif Aziz's propco set to splash more than £130m on London office
Brockton Everlast dials up £106m off-market Old Street buy
Investor has now made £520m of purchases this year
London occupiers launch 150,000 sq ft office hunts
Two more requirements launched as London take-up gathers pace
- Two more office requirements launch in central London totalling 150,000 sq ft
- Lease events and expansion are driving the searches for new HQs
- Requirements come after office take-up in central London reached 1.3m sq ft in July
RDI concludes refi of £75m serviced office portfolio
Aberdeen Standard has provided debt of £75m to refinance RDI's serviced office portfolio