London

All the latest news about the property sector in London and development in the capital.
Jamie Bennett-NessGot a London market story for us? Contact news editor Jamie Bennett-Ness:  jamie.bennettness​​​​@propertyweek.com

Latest London property news

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London misses minimum affordable housing target by a fifth

The capital’s Affordable Housing Programme between 2021 and 2026 only saw 14,335 housing starts by March 2026, falling below the minimum target of 17,800.

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GPE development director White to step down

Over the course of 13 years, he played a key role in the group's delivery of 2.5m sq ft of prime development, generating more than £400m in development surpluses.

Eastman Edge, Harrow

Barings acquires Harrow industrial estate from Big Yellow

The newly built multi-let light industrial estate has an EPC ‘A’ rating, EV charging provision and solar PV.

1 Great St Helens

Flex office provider rebrands as Elementa as it launches new City site

Landmark Space said the rebrand reflected its holistic and science-led approach to flex workspace and announced a new site at 1 Great St Helen's.

60 Holborn Viaduct

Norges appoints Stanhope on £4bn London and Paris office portfolio

Stanhope will also work with NBIM to secure further prime commercial assets across London and Paris.

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Here East to deliver extra space for higher education

Owner Delancey has gained consent for a 121,000 sq ft expansion of the site at Queen Elizabeth Olympic Park in east London, already home to a number of universities.

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O’Grady replaces Elmer as The Bedford Estates’ steward

He joins the central London landlord, which has substantial property holdings in Bloomsbury, from Canary Wharf Group, where he was a director.

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Firma provides £113m loan for DPK Group’s east London office-to-PBSA conversion

The funding will support the conversion of vacant office buildings at Royal Albert Dock into a 1,085-bed student scheme.

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Derwent London to sell London aparthotel development site for £30m

Colliers has been appointed to market the Blue Star House office building in Brixton, which has consent for a 341-apartment scheme.

CGI of the refurbished One Eden

PwC seals 350,000 sq ft prelet at Canary Wharf’s One Eden office refurb scheme

The firm will move to the space in 2030 when its current central London office at Charing Cross is set for refurbishment.

Westferry Studios, 90-162 Milligan Street, Limehouse, London, E14 8AS

East London freehold block fetches £6.6m at Allsop’s June resi auction

The firm raised £47m from the sale of 165 lots at its June residential auction.

39 Eaton Mews South Belgravia, London, SW1W 9HR

Belgravia house helps Savills raise £37m at June auction

The highest-value sale was a terraced mews house in Belgravia, west London, which sold for £2.66m.

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Global Holdings wins approval for 42,094 sq ft Soho office refurb

Josh Lawrence, the developer's UK chief executive, said the revamp of 10 Great Pulteney Street would “transform an unloved asset in a great area into a first-rate office building”.

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Khan’s development arm sparks optimism about London housing

The industry broadly welcomes the launch of the mayor’s direct housebuilding arm.

Barclays, Canary Wharf

Barclays buys Canary Wharf HQ tower for £750m

The bank said the 999-year leasehold deal for One Churchill Place will provide greater certainty over long-term occupancy costs.

Matthew Pennycook speaking in the Commons on 16 Dec 2025

City Corporation fires back at Pennycook over 2040 plan intervention

The CoLC said the minister's call for further scrutiny of the plan’s assessment of tall buildings, and their impact on the Tower of London World Heritage Site, "beggars belief".

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Hines buys Heathrow Logistics Park from Blackstone

The park is fully leased to a diversified occupier base and comprises four modern warehouse units across a 15.4-acre site.

55 Old Broad Street

AshbyCapital buys Landsec’s 55 Old Broad Street building in £282m deal

Skanska has been appointed to develop the scheme, which will create 270,000 sq ft of office accommodation, as well as retail space and public realm at ground level.

18-20 Appold Street

Bridge acquires cluster of four City assets from British Land

The company paid £28m for the adjacent buildings in Crown Place, Sun Street and Appold Street, which total 45,000 sq ft.

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Lendlease and CPP sell UK BTR portfolio to Greystar in landmark £500m deal

The four buildings at the £2.5bn Elephant Park regeneration scheme in south London comprise Lendlease's entire remaining UK BTR portfolio.

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