Weekly planning news from the central London boroughs

A weekly round up of the latest property news from the central London boroughs

City of London

PW reports that Goldman Sachs is under offer for Procession House at 55 Ludgate Hill for just under £70m. It was on the market with a £67.5m guide price, reflecting a NIY of 6.15%.

City of Westminster

PW reports that Aviva Investors has sold 20 Soho Square in London’s West End to a private European investor for a price believed to be £117m. The 65,000 sq ft freehold offi ce building is fully let until 2026 to Palantir Technologies and was redeveloped by Aviva in 2016

The Crown Estate and Norse’s Bank have acquired the long-leasehold interest in JLL’s UK HQ at 30 Warwick Street. The Crown already owns the freehold of the property.