JTRE in talks to buy London-based developer

Slovakian developer JTRE is in talks to buy Sons & Co in a bid to make London account for 50% of its revenue within the next decade.

JTRE made its UK debut alongside the London-based developer in July last year with the acquisition of the £400m 185 Park Street site in SE1.

JTRE managing director Pavel Pelikán said: “We are very close in our discussions with Sons to buy them out.

“This would be a good step for us to finalise the agreement, as they [Sons] have been involved in the market for years, therefore we