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CLS strikes deal to sell Westminster Tower for £41m

London-based property investment company CLS has agreed to sell Westminster Tower, Albert Embankment for £40.8 million, in-line with its 31 December 2023 valuation. Completion is...
Japanese firm buys London office building from Esas Holding

Japanese firm buys London office building from Turkish investor

IINO Kaiun Kaisha (IINO Lines), a global shipping company headquartered in Tokyo, has off-market acquired 111 Strand, an office building in London, UK, from Turkey-based...
Unifore snaps up office building in Zoetermeer

Unifore snaps up office building in Zoetermeer

Amsterdam-based Unifore Real Estate has purchased the Europe Palace office building in Zoetermeer, the Netherlands. The firm acquired the property from a fund affiliated with...
Landsec gets green light for City of London office scheme

Landsec gets green light for City of London office scheme

The City of London Corporation has given the green light to Landsec's plans for Hill House, EC4. This development will see the transformation of...
ECE to convert Copenhagen office building into new hotel

ECE to convert Copenhagen office building into hotel

ECE has acquired a plot of land with an existing office building on Gammel Kongevej, a prestigious commercial street in the affluent Frederiksberg district...
European office occupancy up to 59%, Madrid near pre-pandemic levels

European office occupancy up to 59%, Madrid nears pre-pandemic levels

A new report by Savills shows Europe's average office occupancy rate is on the rise, climbing from 55% to 59% over the past year....
Morgan Stanley extends EMEA headquarters lease in Canary Wharf

Morgan Stanley extends EMEA headquarters lease in Canary Wharf

Financial services giant Morgan Stanley has committed to its London base, extending its lease on its EMEA headquarters at 20 Bank Street in Canary...
WeWork slashes rent costs by $8bn, aims for May Chapter 11 exit

WeWork slashes rent costs by $8bn, aims for May Chapter 11 exit

WeWork, the global workspace provider, announced significant progress in its real estate and financial restructuring efforts, positioning itself for emergence from Chapter 11 in...
Feldberg acquires £75m property for London green workspace fund

Feldberg acquires £75m property for London green workspace fund

Feldberg Capital has announced the purchase of 21-25 Bedford Street, Covent Garden in London WC2 for £75m for its brown to green workplace fund,...
Picton divests London office asset for £29.6m

Picton divests London office asset for £29.6m

UK-based REIT company Picton has announced the sale of its second-largest office asset, Angel Gate located in London's EC1 district. The sale agreement is...
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