A weekly round up of the latest planning and property news from the central London boroughs
City of London
PW reports that Oxygen Asset Management has bought the London headquarters of hedge fund manager Man Group from Evans Randall for close to £400m. Acting on behalf of a South African client, it acquired Riverbank House in the City of London in an off-market deal reflecting a yield of 3.9%.
City of Westminster
PW reports that Clivedale London has achieved the highest office rent for a non-garden square location in Mayfair at its 73 Brook Street scheme. It has let 4,400 sq ft of space over two floors to a Dubai-based business at a rent of £150/sqft.
EG and PW report that Unite Students have exchanged contracts to acquire a 1,000 bed development site for King’s College London in Middlesex Street, Aldgate, in what will be its first major scheme in London since 2013.