On Tue, 21 Nov 2017 11:22:47 +0000, Roland Perry
wrote:

In message , at 11:12:08 on
Tue, 21 Nov 2017, Recliner remarked:

I understand 55 Broadway is being retained and is subject to a sale and lease back arrangement. This replaced the planned sale and conversion
to flats. Looking at the comments under DG's article it seems people are being moved from right across the TfL building portfolio including
Windsor House which (I think) is being vacated.

That's interesting (and surprising) -- I though the sale and
conversion of 55 Broadway into flats was a done deal. I even did a
tour of the building that was stated to be one of the last before TfL
moved out, and some parts already appeared to be empty.

Perhaps the new owner has had some vacant possession in order to do
refurbishments?

Conversion into flats would have needed much more than
'refurbishment'. In any case, it just looked like some rooms were no
longer in use, but nothing had been done to them.

In message , at 12:31:30 on
Tue, 21 Nov 2017, Recliner remarked:
I understand 55 Broadway is being retained and is subject to a sale and lease back arrangement. This replaced the planned sale and
conversion
to flats. Looking at the comments under DG's article it seems people are being moved from right across the TfL building portfolio including
Windsor House which (I think) is being vacated.

That's interesting (and surprising) -- I though the sale and
conversion of 55 Broadway into flats was a done deal. I even did a
tour of the building that was stated to be one of the last before TfL
moved out, and some parts already appeared to be empty.

Perhaps the new owner has had some vacant possession in order to do
refurbishments?

Conversion into flats would have needed much more than
'refurbishment'.

You don't think it's vaguely possible that with TfL having signed a
sale/leaseback agreement that the new owner might be refurbishing them
as offices?

In any case, it just looked like some rooms were no longer in use, but
nothing had been done to them.

That was then, this is now.
--
Roland Perry

On Tue, 21 Nov 2017 12:44:51 +0000, Roland Perry
wrote:

In message , at 12:31:30 on
Tue, 21 Nov 2017, Recliner remarked:
I understand 55 Broadway is being retained and is subject to a sale and lease back arrangement. This replaced the planned sale and
conversion
to flats. Looking at the comments under DG's article it seems people are being moved from right across the TfL building portfolio including
Windsor House which (I think) is being vacated.

That's interesting (and surprising) -- I though the sale and
conversion of 55 Broadway into flats was a done deal. I even did a
tour of the building that was stated to be one of the last before TfL
moved out, and some parts already appeared to be empty.

Perhaps the new owner has had some vacant possession in order to do
refurbishments?

Conversion into flats would have needed much more than
'refurbishment'.

You don't think it's vaguely possible that with TfL having signed a
sale/leaseback agreement that the new owner might be refurbishing them
as offices?

Quite possibly now, but that certainly wasn't the plan when I toured
the building. And if it's now a sale and leaseback deal, any
refurbishment would presumably be up to TfL.

In message , at 12:58:40 on
Tue, 21 Nov 2017, Recliner remarked:

You don't think it's vaguely possible that with TfL having signed a
sale/leaseback agreement that the new owner might be refurbishing them
as offices?

Quite possibly now, but that certainly wasn't the plan when I toured
the building.

That was then, this is now.

And if it's now a sale and leaseback deal, any refurbishment would
presumably be up to TfL.

As the purpose of sale and leaseback is to generate cashflow for the
tenant (and provide a home for spare cash for the new owner), I'd expect
the refurbishment to be normally part of the contribution of the latter.
--
Roland Perry