Derwent London sells office block for £77m as investment market ‘reopens’
Titan Investments has snapped up the 70,300 sq ft Clerkenwell office block.
Titan Investments has snapped up the 70,300 sq ft Clerkenwell office block.
Titan Investments has snapped up the 70,300 sq ft building.
Greater London and South East office take-up rose to 648,000 sq ft in the first quarter of this year, up 35% on Q1 2023, according to Savills.
The 76-storey residential tower in Manchester will consist of 782 apartments.
Rental income at Westfield Stratford and Westfield London rose by 21.6% to £25.6m.
UK shopping centres Westfield Stratford and Westfield London outperform US and French centres.
The project will also provide 42 affordable homes and 19,000 sq ft of workspace.
Q1 2024 was the fifth worst quarter on record for office sales in London.
A total of 29,688 new homes could be delivered across the capital if schemes awaiting planning are approved.
The tower in Ealing will include communal and commercial spaces with public realm enhancements to the local area.