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
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
