[jef]

News International:

News International is due to announce imminently the location of its new 300,000-400,000 sq ft European headquarters. This transaction is likely to be the largest letting of the year in Central London.

Some news regarding the sites that are understood to have been shortlisted:

Arrowhead: works seem to have been put on hold (tbc). According to some market reports this scheme lacks "prestige" for James Murdoch and does not offer the security barriers of adjacent developments in CW, such as 25 Churchill Place.

York House: Delancey is about to submit a revised planning application for a larger office building at York House, adjacent to Waterloo Station, which will total approximately 325,000 sq ft. Architect is Sheppard Robson. In November 2005, a resolution to grant planning consent was obtained for a 13 storeys 243,800 sq ft office building. The Section 106 Legal Agreement was completed in July 2007.

25 Churchill Place: basement works are underway. It is likely that the Board of the recently purchased Wall Street Journal is keen to move into CW business district.