BE News

British Land has secured planning approval to redevelop Euston Tower, which is located at its Regent’s Place campus in London’s Knowledge Quarter, into sustainable workspace. Designed by 3XN/GXN, Adamson Associates Architects and DSDHA, the circa 560,000 sq ft redevelopment will retain 31% of the original structure of the 1960s-built building.

UK real estate asset management and development company Quadrant has promoted John Maddison to managing partner.

Valor Real Estate Partners LLP has acquired a light industrial unit in Silvertown, London, on behalf of its joint venture with QuadReal Property Group for an undisclosed price.

Lendlease has secured planning consent for 600 new homes at its Silvertown regeneration project in the heart of the Royal Docks. The new homes at Plot 78, which will be delivered in collaboration with The Guinness Partnership, will include affordable housing and will form Silvertown’s new Silo D Quarter. 

Eight years on from Grenfell, the government still does not know how many buildings have dangerous cladding, how much it will cost to remediate these buildings or how long it will take, reveals a damning report by the Public Accounts Committee (PAC).

Savills raised more than £52m at its fourth auction of the year on 18-19 March, bringing the total raised at auction in Q1 to more than £221m – a 13% uplift on the same period last year.

Landsec has appointed Michael L Campbell and Anne Richards as independent non-executive directors. The company has also confirmed that Madeleine Cosgrave will retire from the board and audit committee at the company’s AGM in July 2025.

The owners of St Ives Brewery and The Sloop Inn have acquired the Falcon Hotel, the Brendon Arms and the Old Lifeboat House in Cornwall for an undisclosed sum. Harriet Fuller, associate director at Savills hotel capital markets, acted for the purchaser.

Kent County Council has sold the former Halfway Houses Primary School at Minster on Sea, Sheerness, to Homes England for an undisclosed price. David Marcelline, partner at SHW Property, acted for the council on the deal.

The freehold of Freemasons Inn in Knutsford, Cheshire, has been put on the market with a guide price of £1.795m+. Tom Cunningham, UK regional director in the hotel capital markets team at Savills, has been appointed to market the opportunity.