It has been reported that owners Propinvest and Derek Quinlan could sell this property for more than £1 billion. Jones Lang LaSalle has been appointed to market the building. Santander, Allied Irish and the Royal Bank of Scotland were among the banks to provide debt for the purchase back in 2007. Part of this debt is set to expire this year, although the owners are in talks to extend it. Strong overseas appetite and the resurgence of values are believed to be behind the possible sale. Leases have been regeared and extended to make the investment more attractive.

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The entire basement to fourth floors, totalling 610 sq m (6,561 sq ft), have been let to Odey Asset Management. It took a ten-year lease and will pay a rent of £62.95 per sq ft. Crossland Otter Hunt acted as the letting agent for the landlord, Grosvenor.

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This former petrol station site has been granted planning permission for a new seven storey building, comprising 3,150 sq (33,906 sq ft) of office space and 18 cycle parking spaces. The applicant, Deal First & Patrick Group, will contribute around £220,000 in the S106 agreement.

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The entire sixth floor, comprising 801 sq m (8,619 sq ft), has been let to investment advisor Dexion Capital. All lease details remain confidential. This will be the second letting in the newly built property after Fox Davies Capital took the fifth floor earlier this year. Knight Frank and CB Richard Ellis acted as joint letting agents.

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The entire buildings at 40 and 42 Fashion Street, totalling 3,530 sq m (38,000 sq ft) have gone under offer to an undisclosed party. The available space is part of a multi-let office complex totalling 6,672 sq m (71,817 sq ft). Tenants in the complex include software company ClusterSeven and fashion and design school Istituto Marangoni.

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