Built Environment Networking Blog: London News

Cheyne Capital Provides £171 Million Senior Loan to Support YY London Office Redevelopment at Canary Wharf

Cheyne Capital has provided a £171 million senior loan to support the redevelopment and lease-up of the YY building, a major office project located in the heart of Canary Wharf, London. The funding underlines Cheyne Capital’s continued commitment to real estate lending in prime London locations and reflects strong investor confidence in high-quality workspace demand […]

Posted by: Mya Driver

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Chinachem acquires TikTok London office from Helical in £158.5m deal

Helical is pleased to announce that it has exchanged contracts on the sale of the single asset company, Farringdon East (Jersey) Limited, which owns the long leasehold interest in Kaleidoscope, Lindsey Street, EC1 to Chinachem Group at a disposal price of £158.5m reflecting a capital value of £1,789 psf and a marginal premium to book […]

Posted by: Mya Driver

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Cinch Self Storage Expands with New Facility in Swindon

Cinch Self Storage is set to launch a substantial new self-storage facility in Swindon. The company recently acquired a brownfield site at Cheney Manor Industrial Estate, located to the north-west of Swindon town centre. This addition will expand Cinch’s existing portfolio of 20 facilities, primarily located in the South East. The new facility, scheduled to […]

Posted by: Mya Driver

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CIT plans for London Bridge site approved

Plans for a major development of a landmark site at the southern end of London Bridge have been approved by Southwark councillors. Developers CIT won the backing of Southwark’s planning committee for the redevelopment of Colechurch House – which sits to the north of Duke Street Hill and south of Tooley Street. Planning officer Terence McLennan told the […]

Posted by: Mya Driver

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City Developments Limited Acquires Holiday Inn London Kensington High Street for £280 Million

City Developments Limited (CDL), the Singapore-based property investor controlled by billionaire Kwek Leng Beng, has acquired the Holiday Inn London Kensington High Street for £280 million ($370 million or S$480.2 million). The 706-room freehold hotel, covering 6,356 square meters, was purchased through CDL’s wholly-owned subsidiary Copthorne Hotel Holdings at approximately £396,600 per room. The property […]

Posted by: Mya Driver

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City of London approval secured for 174-unit Co-Living scheme

The City of London Corporation’s Planning Applications Sub-Committee has, today, approved a new ‘Co-Living’ development at 45 Beech Street.  Also known as Murray House, the proposals will see the building partially demolished and then extended to deliver 174 private rental co-living units, with a range of internal and external amenity spaces, including communal cooking, dining […]

Posted by: Deividas Krupstas

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City of London Corporation approves 55 Bishopsgate scheme, the Square Mile’s third tallest tower

The City of London Corporation Planning Applications Sub-Committee has approved planning permission for the 55 Bishopsgate scheme. The scheme comprises a 63 storey and 22 storey mixed-use buildings, that will feature a free to visit public roof top, with a biodiverse climate resilient garden for relaxation, events and educational opportunities. The scheme will also feature […]

Posted by: Mya Driver

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