Qatari Diar chief steps down
Qatari Diar UK chief executive Michael Patrizio will leave the company on 31 January owing to ongoing family concerns.
New York-born Patrizio’s chief executive responsibilities will be taken on by chairman Sheikh Jassim bin Hamad Al Thani on an interim basis.
Patrizio has been with the firm for five years.
British Land big in EC2
British Land has submitted plans for the refurbishment and extension of the 515,000 sq ft 100 Liverpool Street, EC2.
The Hopkins Architects-designed scheme will create a new façade and add 135,000 sq ft of mixed-use space over three additional floors.
£118m Hammersmith sale
Private equity firm Tyburn Lane has appointed JLL to sell a 205,000 sq ft office at 26-28 Hammersmith Grove, W6, for £118m.
The price reflects a net initial yield of 4.74%, although two outstanding reviews and the letting of 20,000 sq ft of vacant space could boost this to 5.75%.
Tyburn Lane bought the block for £74m in 2006.
Ramsay’s kitchen nightmare
Gordon Ramsay has failed in his bid to be removed as the personal guarantor on the lease of his York & Albany restaurant, NW1.
The chef had claimed that his signature was added to the document by his father-in-law Christopher Hutcheson using a machine intended to autograph merchandising material.
Ramsay was refused permission to appeal and ordered to pay interim costs of £250,000.
Far East meets Sheffield
Sheffield city council has given the green light for a Chinese consortium’s £65m mixed-use development.
The 21-storey project, funded by New Era Development, will comprise three blocks including shops, restaurants and a 700-bed student housing scheme.
A 2015 start date is planned for a 2016 completion.
