Bloomberg to set up new London headquarters.London office space bought by media group Bloomberg.
Bloomberg have acquired new office space in London and plan to build a new base there in the UK.
The media group have purchased the Walbrook Square site from Legal & General and Lord Foster is to design the building. (more…)
Commerz Real have instructed Savills to sell its 10 Aldermanbury building in the City of London.
The German fund managing firm are marketing the site for £260 million, representing a 5.5% yield. The building was originally developed by Legal & General and Stanhope, and is let to JP Morgan until 2025. (more…)
Legal & General are reported to have made an offer on 26 Red Lion Square, London.
The building is currently owned by an offshore investor, but Legal & General have registered their interest in the building with a £52 million offer, offering a 8.2% yield on the property.
26 Red Lion Square is currently leased to Cable and Wireless, which expires in January 2023. They in turn sub-lease most of the 107,000 office space development to The Economist Group. The current rent is £28 per sq ft, with a break in contract in 2013. This earns a net income of 34.9 million per annum. Part of the ground floor and the entire fourth to sixth floors are sub-let by Cable and Wireless to TSL Education. (more…)