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Office Market News

 
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Catalyst Capital LLP has agreed to sell Breakspear Park to Threadneedle Investments for in excess of £58.55m. The 16-acre office campus produces a passing rent of £4.95m and is home to well-known firms such as Regus, Britvic soft drinks and BAM construction. Read More

 
April 23rd, 2014
 
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Updata Infrastructure is to relocate the AEGON’s Omnibus commercial development, as part of 12 year lease agreement. The broadband services company will transfer staff from Premier House to a larger 20,000 sq ft office in RH2. The move to the new Reigate office rental was agreed just before Updata was bought by Capita plc. Read More

 
April 22nd, 2014
 
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The iconic Canary Wharf skyscraper is to become the new home of The Medical Defence Union (MDU). While the National Bank of Abu Dhabi is to lease 11,500 sq ft on Level 28 of the tower at One Canada Square. Canary Wharf Group announced the completion two lease agreements within the iconic Canary Wharf skyscraper for a total of almost 60,000 sq ft. Read More

 
April 17th, 2014
 
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This October, Avanta Serviced Office Group is to open a new West End Business Centre. The renovated period property is set to provide up to 500 modern workstations. Located just off Regent Street, the Warwick Street office rental will appeal to companies looking for space that is ready for instant occupation at prestigious business address. Read More

 
April 16th, 2014
 
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Vistaprint the business card supplier has chosen King’s Cross as its new London address. Marketing staff from the online print & design company are set to move into Two Pancras Square in this summer. The Netherlands-headquartered firm will take the fourth floor, joining fellow tenants PRS for Music and SAV Credit. Read More

 
April 15th, 2014
 
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12 Golden Square will be refurbished to provide 26,800 sq ft of West End office space. UBS Global Asset Management acquired the building for £25m in May 2013 and with planning now approved, the renovation project is scheduled to be completed by the end of this year. Read More

 
April 14th, 2014
 
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Royal London Asset Management has bought 131 Finsbury Pavement for £57.2m. The 68,313 sq ft property is leased to the NASDAQ OMX stock exchange group, with much of the EC2 office space sub-let by a range of financial services companies. The City office building is also home to CFA Institute. Read More

 
April 11th, 2014
 
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Salford Quays is set for a major refurbishment under proposals presented by Hunter Real Estate Investment Managers. The Edinburgh-based property advisor is acting on behalf of the new owners, an undisclosed North American institutional client. Read More

 
April 10th, 2014
 
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Roubini Global Economics and the Money Advice Service have both agreed to 10-year leases for offices in Holborn, EC1. Wainbridge has ambitious asset management plans for 120 Holborn and has made significant progress in making it attractive to tenants, as reflected in these two new leases. Read More

 
April 9th, 2014
 
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Google Inc. has secured 165,000 sq ft of King’s Cross office space at 6 St Pancras Square. The global internet search giant is understood to be paying close to £60/sq ft in rent for the 15-year lease. The majority of the 400,000 sq ft Midtown building is set to be occupied by subsidiaries of BNP Paribas. Read More

 
April 8th, 2014
 
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Updated: April 24th, 2014
April 23rd, 2014

Threadneedle to Pay £60m for Hemel Offices at Breakspear Park

Catalyst Capital LLP has agreed to sell Breakspear Park to Threadneedle Investments for in excess of £58.55m. The 16-acre office campus produces a passing rent of £4.95m and is home to well-known firms such as Regus, Britvic soft drinks and BAM construction. Read More

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