Bond Street mall for sale
Orchard Street Investment Management has instructed JLL to sell a 90,000 sq ft shopping centre above Bond Street Tube station for £240m – a yield of around 3.5%. The block at 75 Davies Street, W1, includes 44,500 sq ft of offices, and achieved a record zone A rent of £925 per sq ft signed in October.
Dublin prelet for KWE
Kennedy Wilson Europe Real Estate has prelet its entire 129,300 sq ft 27-33 Baggot Street development in Dublin to the Bank of Ireland. The bank has signed a 25-year lease, with a break option at year 20, at a rent of €47.50 (£34.50) per sq ft.
Aviva appoints Casal
Aviva Investors has appointed Ed Casal as chief executive of global real estate, replacing Ian Womack. Casal has been with Aviva Investors since 2008 and is currently managing director of global indirect real estate. He was previously chief investment officer at Real Estate Multi Manager.
DB plans Brexit strategy
Deutsche Bank has appointed a working group to review the impact on its business of the UK exiting the European Union. The working group will consider whether certain activities at the bank, which employs 9,000 people across 16 offices in the UK, should be relocated to the
eurozone.
Reynolds joins shadow cabinet
Emma Reynolds has been appointed shadow secretary of state for communities and local government. Reynolds, MP for Wolverhampton North East, has been promoted from shadow minister for housing following a reshuffle of the shadow cabinet. Roberta Blackman-Woods, MP for the city of Durham, has been appointed shadow minister for housing.
