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News

Office Space

Victoria Beckham's flagship office HQ sold to Middle Eastern investor for £16.8M – London W6

"Savills has sold the freehold interest in Victoria Beckham's global headquarters at 202 Hammersmith Road, W6, on behalf of one of Aberdeen Standard Investments’ segregated mandates to Dubai based investor, SRG Holding Limited, for £16.8 million. The transaction represents a net initial yield of 4.42% and a capital value of £1,140 per sq ft. CBRE advised the purchaser."

News

Planning & Development

Wales’ national planning policy revised

"Welsh Government today published its latest version of Planning Policy Wales (PPW). It sets out the direction of national planning policy and connects it to the Well-being of Future Generations (Wales) Act 2015. It is very different to its predecessor and keeps many of the key amendments found in the consultation draft earlier in the year. As a result whilst the text has been adjusted (helpfully in places) it is still quite a difficult document to read – with an array of terms and guidance ranging from planning principles and ways of working to well-being goals and themes. "

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