Shaftesbury Capital sells 25% Covent Garden stake to Norges

Deal values London estate at £2.7bn
Deal values London estate at £2.7bn
Group welcomes new lender to syndicate
Chief executive Shillaw says results show “resilience” of business model
Curzon Street Partners lodges plans for redevelopment of town centre site
Company wants to recycle capital into new investments
Investment firm has held discussions with a number of potential buyers
EDITOR’S COMMENT There’s an optimism in the air, which I haven’t been able to say about many MIPIMs
EDITOR’S COMMENT I am writing this on Wednesday afternoon. There is brilliant, bright sunshine in south London and I’m looking, slightly crestfallen I must admit, at the weather forecast for Cannes, where I’ll be for the MIPIM conference next week. Rain on Monday and Tuesday. Hopefully sun on Wednesday and Thursday. Could be worse, but […]
Deal follows similar proposal from Supermarket Income earlier this week
Carl Zeiss will undertake sustainability revamp of space at Cambourne Park
Development is one of three initial sites for joint venture
Strategic review launched with Rothschild as financial adviser
The company is filling up fully managed space at punchy rents
Samantha McClary will take over from Richard Kauntze in May
Knight Frank analysis also shows cross-border capital regaining momentum
Target rejects fourth all-cash proposal from private equity consortium
Deal will see Atrato’s Abraham and Perkins become chief executive and CFO
Nick Maclean takes role as investigation over Justin Sullivan’s role in court case continues
Agency Compton is launching its own managed workspace offering, Compton Concierge. The new business line will offer occupiers essential services including maintenance, cleaning, IT and security, with one point of contact in the agency. “When we formed Compton almost four years ago, there was a huge amount of noise around tenant management and how it […]
Healthcare REIT welcomes “milestone” in sales programme
Company is now on the acquisition hunt
REIT posts three-year high for returns after acquisition
Tuatara market Sterlet and Argo-owned site, which includes Travelodge
Co-working company agrees deal with Gaw Capital
Agency is preparing to move to British Land site in the City and hunting for West End base
Former Starwood director adds to on-the-ground London team
Godfrey has worked at rebranded Gerald Eve for more than five years
The BPF’s 10-year look ahead for the real estate industry counters short-termism
Trade body leaders reflect on reforms, government relations and a potential merge
Begley has led trade body for the past decade
Companies say agreement will ensure “continued success of flagship location”
Zopa will relocate from offices near London Bridge
Firm sees “marker dislocation” in sector and eyes acquisitions
Proposals lodged for 46-storey office building on St Mary Axe
Leaders at the largest listed brokerages share their take on the 2025 outlook
Potential buyers had to make initial non-binding offers this month
EDITOR’S COMMENT A powerful film by a CBRE director has benefited from the support of the agency
Development company prepares to launch capital raising push to coincide with planning approval
Company eyes US and Asia expansion for new business
Proposal could have led to £1.6bn take-private offer
Housebuilders are in talks over further deals after £64m transaction
Private equity group has made four proposals to healthcare real estate investor
Chief executive says confidence in business has “never been higher”
Joint venture with TfL’s Places for London signs for development financing
Company says portfolio is “full of current and future opportunity”
Owners start to fill up Brutalist block in Covent Garden
Trade body issues Comprehensive Spending Review representation
Supermarket group has lease on North West site until 2038
Deal with 42 Technology takes occupancy to 83%
The top team is planning how to encourage the next generation into