800-home plan for Shell Centre
Canary Wharf and Qatari Diar have revealed a masterplan for the redevelopment of the Shell Centre, SE1, that includes 800 homes. Plans include a cluster of eight new towers to surround the existing 26-storey Shell offices. The other existing buildings on the site would be demolished to make way for the towers, which would range in height from six to 37 storeys.
Max Property adds to war chest
Nick Leslau’s Max Property Group has secured a £32m loan from investment manager Longbow Real Estate Capital, taking its acquisitions war chest to £90m. The loan from Longbow Investment No2 Sarl will be secured against a previously debt-free 420,000 sq ft portfolio of five office properties in Manchester, Horsham, Milton Keynes, Newbury and Fareham.
Mimecast lands at CityPoint
Cloud computing specialist Mimecast is under offer to take 40,000 sq ft at Beacon Capital Partner’s CityPoint tower, EC2. Mimecast will sublet the space from law firm Simmons & Simmons at a rent of £33.50 per sq ft. Devono is acting for Mimecast; Drivers Jonas Deloitte and DTZ represent Simmons & Simmons.
Pfizer Sandwich deal collapses
London & Metropolitan has ended talks to buy a 325-acre development site in Sandwich, Kent, after failing to agree terms with pharmaceuticals giant Pfizer. The developer was selected as preferred bidder in January and had plans for a technology park. Agent CBRE has now begun talks with other interested parties.
KF recruits Savills’ McGregor
Knight Frank has hired Savills’ director of UK leisure and retail investment, Andrew McGregor. McGregor, who will join as a partner, will set up a leisure and out-of-town retail division at the property services firm. He will report to KF’s head of investment, Peter MacColl.
