The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Safra is selling the block having acquired it for £72.4m in 2018
Company is monitoring “market volatility”
Rising remote and video appeals offer an opportunity to reduce space
Retention rate is significantly ahead of underwrite assumption
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Developer has taken 10 storeys off proposals since first filing
Majority of boroughs did not start a single residential development in the first quarter of this year
The deals at Korol’s Mansel Court set a fresh benchmark at £56.50 per sq ft
The deal features £153m refinancing package for four assets
iSam has agreed a triple-figure rent after an earlier deal with Allianz fell through