A weekly round up of the property news from the central London Boroughs

Camden

EG reports that Google’s latest King’s Cross office, designed by French architect Michel Mossessian, has been submitted to Camden Council. The 11-storey S2 building will comprise 180,000 sq ft of flexible open-plan office space with shops and restaurants on the ground floor.

City of London

Mark Swetman’s LS Estates is in advanced talks to buy 51 Eastcheap for £51.5m, ahead of underbidders Union Investments and Core. The building, which has consent for a £130m, 90,000 sq ft office development, is being by administrators at PwC on behalf of Cerebus.

According to Cluttons rental growth for the City office market will slow to 6.5% next year, almost half the 12.1% expected in 2015.

City of Westminster

EG reports that the Reuben brothers have completed a deal to buy the Carrington Street car park for around £75m.

PW reports that Thor Equities, in partnership with Chenavari Investment Managers, has closed on a deal to buy 145 Oxford Street for £40m.

PW reports that Dover Street is set to see its business rates rise by 415% as a result of the 2017 revaluation.

Howeard deWalden posted a 12.9% like-for-like jump in the value of its 92-acre Marylebone portfolio to £3.676bn.

EG reports that Stonegate Pub Company has sold three central London freehold sites to CBRE Global Investors through a £30m sale and leaseback. The St James Tavern in Piccadilly, Duke of Wellington on Wardour Street and Admiral Duncan on Old Compton Street, are let to Stonegate on 30-year leases. The pubs were bought as part of acquisition of 53 pubs from TCG Group. Coffer Corporate Leisure advised Stonegate; Finn and Company and Savills Licensed Leisure acted for CBRE GI.

EG reports that TH Real Estate and LBBW have refinanced Tribeca Holdings’ 431-451 Oxford Street, with a £227.5m loan. The overall loan-to-value ratio on the deal is close to 70%, with a term of six years.

Great Western Developments and its development partner Sellar Property Group have formally submitted their plans for 31 London Street.

PW reports that Topland has provided £12m of acquisition and development finance for the 7,000 sq ft development at 6 Upper Brook Street. The site comprises three luxury duplex flats and has an estimated gross development value of £30m.

Kensington and Chelsea

PW reports that Morgan Stanley Real Estate Investing has acquired a 42.5% equity stake in Frogmore’s Notting Hill Gate Estate.

Lambeth

PW reports that Guy’s and St Thomas’ Charity has agreed to acquire the head lease of Becket House, a 146,000 sq ft office building opposite St Thomas’ Hospital for £112m from U+I and Proprium.

Southwark

PW reports that Derwent London has sold Wedge House, 40 Blackfriars Road, to Ennismore for £33.5m. Ennismore will now build a 110,000 sq ft hotel and office scheme on the site.

Tower Hamlets

EG reports that WeWork is in advanced talks to become the first occupier of the new phase of Canary Wharf. It will be operated under the WeLive brand.

EG reports that Land Securities is in talks to sell the Thomas Moore Square estate to Resolution Property for around £300m – a 5.5% yield.

Wandsworth

The Thackeray Estate has bought a portfolio of shops and offices at Hardwicks Square in Wandsworth and Putney Wharf for £4.6m – a 7% yield.