Real estate investment trust Land Securities is to sell its 3.3 acre Arundel Great Court property, situated just south of the Strand, in London, WC2.
Waterway PCP Properties is paying a headline price of £234m for the site, which has planning consent for 147 private flats, a hotel designed by Horden Cherry Lee overlooking the river Thames, and a 398,000 square feet office building designed by Wilkinson Eyre on the Strand.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We have always been clear we would not take forward every opportunity in our development pipeline," Noel maintained. "we have to make choices on the right allocation of resources and capital," he added.
jh
-
Will UK inflation rise ahead of BoE meeting?August’s inflation report will be published at 7am on Wednesday, 17 September, one day before the Bank of England’s next rate-setting meeting
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
