Built Environment Networking Blog: London News

Grosvenor and Mitsui Fudosan UK team up for Mayfair transformation

A new joint venture between Grosvenor and Mitsui Fudosan UK, the European operation of leading Japanese real estate developer Mitsui Fudosan, has been formed to deliver a key element of a sustainable mixed-use development in London’s Mayfair. Focusing on the 263,000 sq ft North and South blocks of the South Molton Triangle scheme, the partnership […]

Posted by: Mya Driver

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Hampshire Trust Bank completes £21.1m development finance facility

Hampshire Trust Bank (HTB) has completed a £21.1m development exit and construction loan facility for a mixed-use development in North London. The client was developing 48 high-quality apartments and two commercial units, as well as providing a new park for the local community. The broker, Adam Stiles of Helix Structured Finance, contacted HTB for the […]

Posted by: Mya Driver

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Harlow Embarks on a Cultural Transformation: £20m Arts Quarter Plan Submitted

Harlow’s town centre is set for a major transformation with the recent submission of a planning application for the £20 million Harlow Arts and Cultural Quarter. This initiative, focusing on the redevelopment of Playhouse and College Square, has received validation from the council’s planning team, with public consultations poised to begin soon. The project, backed […]

Posted by: Mya Driver

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Harlow regeneration demolition to begin

The Occasio House, a former private youth housing complex in Harlow, has been demolished as part of a £20m redevelopment plan to rejuvenate the town centre. The site, located at Playhouse Square, has been vacant since 2016 and was previously used as accommodation and a service centre for young people. The redevelopment plan includes the […]

Posted by: Mya Driver

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Harrow Council and Wates Residential Secure Planning Permission for Major Poets Corner Regeneration

Harrow Council and Wates Residential have secured planning permission for the Poets Corner regeneration scheme on the site of the former Harrow Civic Centre in London. The development will deliver over 1,000 new homes, including more than 100 council properties, along with green spaces, shops, community areas, and new walking routes connecting to Harrow & […]

Posted by: Mya Driver

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Havering Council Eyes Compulsory Purchase to Drive £451m Romford Regeneration

Havering Council has set its sights on a comprehensive £451 million regeneration project in Romford town centre, planning to utilise compulsory purchase orders as a means to progress. The ambitious initiative, set to transform Bridge Close, encompasses proposals for the development of 1,070 homes, a new school, a health centre, and several commercial units. Despite […]

Posted by: Mya Driver

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Helical acquires London office building in £160m deal

Helical plc, a leading UK real estate company specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings has exchanged contracts to acquire from the vendor, 100 New Bridge Street Limited, the Guernsey incorporated single asset company, FPM 100 New Bridge Street Limited, that owns 100 New Bridge Street, London EC4, a […]

Posted by: Mya Driver

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Helical agrees sale of 25 charterhouse square

Helical plc has exchanged contracts on the sale of the long leasehold interest in 25 Charterhouse Square, London, EC1 to a Real Estate fund managed by global alternative investment manager, Ares Management (“Ares)”, for £43.5 million. The disposal price represents a 6.5% discount to the 30 September 2023 book value. Redeveloped by Helical in 2017, 25 […]

Posted by: Mya Driver

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Helical and Baupost JV disposes of London asset for £16.5m

Helical plc, a UK real estate investment trust (REIT) specialising in the redevelopment and refurbishment of highly sustainable, best-in-class London office buildings together with its joint venture partner Baupost Group, has exchanged contracts to sell 55 Bartholomew Close to a private European investor for £16.5m. The sale price reflects a net initial yield of 4.5% […]

Posted by: Leon Newton

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Helical completes sale of its 50% interest in the JJ Mack building

Helical plc has completed the sale of its 50% interest in Charterhouse Place Limited, the owner of The JJ Mack Building, London, EC1, to its joint venture partner, AshbyCapital, for £71.4m, with a minor dilution of 4p per share to the 31 March 2024 EPRA NTA. The transaction reflected a price of £139.2m for Helical’s 50% […]

Posted by: Mya Driver

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Helical sells £7m asset to private investor

Helical has sold its freehold interest in the Power House in Chiswick, London W4, to Riverside Capital’s private investor syndicate at 30 September 2024 valuation of £7 million, reflecting a net initial yield of 7.3%. The c. 21,000 sq ft property is let to Metropolis London Music Ltd for a further 19 years at a […]

Posted by: Deividas Krupstas

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