NEWS ROUND-UP: Victoria office block sells for more than £450m

EG brings you a few highlights from yesterday’s news, in case you missed the daily round-up OFFICES: Deka bags Victoria block for more than £450m Deka has placed Tishman Speyer and PSP Investments’ Verde office block in Victoria, SW1, under offer for more than £450m, representing a circa 4.5% yield. Read more about the deal and watch our video tour of the office DEVELOPMENT: Proposals revealed for £700m overhaul of Olympia London Plans have been unveiled for a £700m revamp of the 130-year-old west London exhibitions and events venue Olympia London by owners Deutsche Finance and Yoo Capital. See the before and after photos here PRIDE 2018: BPF president Rob Noel’s diversity agenda Few working in property would disagree that the sector has an image problem. Taking up the role of British Property Federation president, Rob Noel is on a mission to change this. What is he planning? RESIDENTIAL: L&G joins resi rush in Woolwich Legal & General has exchanged contracts on a £300m build-to-rent scheme in east London development hotspot Woolwich, for what will be its largest project to date in the capital. Read more about the portfolio here