A weekly round up of the latest property news from the central London boroughs
Investment company Labtech have released designs for their redevelopment of Buck Street Market in Camden. The market, opening in the summer will include 52 recycled shipping containers providing 12,000 sq ft, will accommodate 80 independent traders, a market hall and artisan businesses over three levels. The market, next to Camden Town Tube Station will also feature a roof garden, an illuminated greenhouse, a communal wellness space for yoga classes and botanical workshops.
City of London
Smith and Williamson, the financial and professional services firm are understood to be looking to let 150,000 sq ft of space at Stanhope’s redevelopment of Schroders’ former headquarters at 40 Gresham Street. The business is currently based at 25 Moorgate, occupying the whole building. There lease expires in 2022, however Stanhope and AFIAA’s new £200m scheme at Gresham Street is expected to be ready for occupancy by autumn 2020.
Property Week reports that Hong Kong investor LKK Health Products Group has bought the Eastcheap Estate site from The Thackeray Estate for around £45.5m. Thackeray had instructed BNP Paribas Real Estate to find a buyer for the building that contains 31, 838 sq ft of office space, and 10,000 sq ft of retail.
City of Westminster
Property Week report that Derwent have sold their Victoria office, 10 Greycoat Place for £50m, a 10% premium on its December book value. 10 Greycoat Place currently has 60,700 sq ft of floor space, which Derwent were considering expanding to 80,000 sq ft.
Regal London has published proposals to redevelop Dora House in St John’s Wood. The developer plans to build a 12-storey tower with 112 apartments and a separate 14-storey tower with 170 homes for people over the age of 55.
Legal and General Investment Management Real Assets has placed their 15 Bonhill Street office building, in Shoreditch up for sale.