Centre Point plans in
Almacantar and Frogmore have submitted revised plans for a £350m scheme at Centre Point, WC1. They plan to convert the 145,000 sq ft 1960s Harry Hyams-designed tower into 82 flats and 45,650 sq ft of offices on the first and second floors of Centre Point House into shops and restaurants. The adjacent Intrepid Fox pub will become an affordable housing scheme comprising 16 flats. A decision is due in July.
CapCo gets a Brazilian…
Brazilian brand Melissa Shoes is to make its UK debut at Capital & Counties’ Covent Garden Estate, WC2. It will take Rugby Ralph Lauren’s 6,500 sq ft store at 43 King Street. Rugby Ralph Lauren took a 15-year lease on the store in autumn 2011 but last November announced that it was closing the luxury lifestyle brand and its 14 stores before the end of 2013. CBRE and CWM advise Capital & Counties; Nash Bond acts for Melissa Shoes.
…as Westfield loses interest
Westfield has sold its 50% share in its Brazilian joint venture back to the Almeida Junior family. The dissolution comes less than two years after Westfield spent around £280m buying a stake in the business, which owns 1.7m sq ft of malls. The jv represented less than 1% of Westfield’s assets and the disposal is unlikely to affect earnings.
Gravesend gets its quarter
Edinburgh House Estates has got the go-ahead for its £120m Gravesend Heritage Quarter development in the Kent town. The scheme will comprise 330 homes plus shops, restaurants and a new town square. Work on site could begin next year, with completion in 2017.
Sims memorial
A memorial service for IO founder John Sims will take place at St-Martin-in-the-Fields at 11am on 23 May. Sims died in January in a swimming accident in Sri Lanka.
