London Listings

J.P. Morgan is in discussions with UBS to sublease about 150,000 square feet at 1 Cabot Square, which used to be Credit Suisse's headquarters in Canary Wharf. UBS took over the lease after acquiring Credit Suisse and is now looking to sublet the space. If the agreement is finalized, it will provide J.P. Morgan with additional office space for its expanding operations.

McGrath Group has obtained £40 million in funding from Firma Partners to purchase and convert Great West House in London into residential units. This project will transform the existing office buildings into a residential-focused development. The conversion aims to increase housing availability while repurposing a notable commercial property.

Citu has obtained an £18 million development loan from Maslow Capital to fund the creation of an 87-unit residential project in Leeds' Climate Innovation District. Named District Lofts, this development will feature sustainable living elements such as triple-glazed windows and energy-efficient systems. This initiative is part of a broader effort to establish a net-zero residential area in Leeds.

BGO has put its property at 101 Cavendish Street in London's Fitzrovia up for sale, with an asking price of £116 million. This asset includes both office spaces and retail units, designed to cater to modern business requirements. The sale highlights the strong demand for premium, adaptable workspaces in central London.

The Italian Embassy has purchased an office building located at 4-5 Buckingham Gate in London from Sidra Capital for £45 million. This building will serve as the new home for the Embassy of Italy, the Italian Institute of Culture, and other related offices. The City of Westminster has given the green light for the building's refurbishment to suit its new purposes.

Avanton Limited, a developer based in London, has received an extra £33 million from Silbury Finance, which is supported by Oaktree Capital Management, L.P. This additional funding will help build 30 more homes and meet the legal requirement for a second staircase at the Old Kent Road project. With this new loan, the total funding for the project now reaches £101 million, enhancing both its scope and safety.

Brotherton Real Estate has secured a £29.6 million development loan from Shawbrook Bank for their client's office-to-residential conversion project in Salford's MediaCity.

AshbyCapital has sold its UK retail parks to Realty Income Corporation, a real estate investment trust from the US, for around £220 million. The sale includes three retail parks located in Swansea, Leeds, and Glasgow. This acquisition helps Realty Income strengthen its foothold in the UK market.

Ziser London has obtained a £73.2 million refinancing package from Starz Real Estate for its collection of nine properties in central London. This portfolio includes six residential buildings, one commercial property, and two mixed-use assets, all situated in prime locations with excellent transport connections. The refinancing deal allows Ziser London to streamline its borrowing by consolidating multiple loans into a single facility.

Croydon Council has purchased Zodiac House, a 73-unit development, from Mitheridge Capital Management for £20 million. This building, previously an office space, has been converted into high-quality flats to provide temporary accommodation. The acquisition is part of the council's initiative to combat homelessness and offer safe housing for vulnerable residents.