Location: United Kingdom

Northacre is putting £10m into a special purpose vehicle to develop 1 Palace Street, next-door to Buckingham Palace, and expects to complete on the former DFID offices in January 2014.

** UPDATE: 27th September 2013... Property Week has been sold to Metropolis International, subject to contract. The magazine's 35 staff will transfer to Metropolis following completion.

Some people really deserve to have streets and squares named after them. An engineer called Hugh Myddelton - who was knocking around in the 1600s - is one of them.

After five years of hand-wringing, head-scratching and the odd outburst from Prince Charles, it looks like the infamous Chelsea Barracks site is finally about to begin its prom queen-style transformation.

Shiny new-build schemes may grab the headlines, but distinguished mansion blocks remain the connoisseur's choice in W1 and W2, outperforming other flats by 8% since 2007.

We can expect "a significant uplift in prices as the economy improves," according to London Central Portfolio, which argues that fears of a housing bubble are very premature.

Hamptons has signed up two new recruits to take on land management roles across South West London and Hertfordshire, Bedfordshire and Cambridgeshire.

A new agency has launched with a moral bent.

The Ballymore Group is about to cut the ribbon on its big new resi-led development in NW London.

Bargain hunters were out in force at the Marriott Hotel yesterday, as Savills' September auction raised a blockbusting £42m (£5m more than last year's total).

Rightmove is predicting a house price surge this Autumn, jacking up its annual price growth forecast from 4% to 6% on the back of a growing supply/demand imbalance.

Sultriest press shot of the week definitely goes to Melissa Porter, who's just been confirmed as host of the Luxury Property Show for the second year running.