Weekly property news from the Central London boroughs

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

Camden

PW reports that British Land is to redevelop 1 Triton Square, Regent’s Place, having finalised a 310,000 sq ft pre-let to Dentsu Aegis Network. The pre-let has been agreed for a 20-year term and will see Dentsu Aegis move from 10 Triton Street.

City of London

PW reports that L&G has sold 99 Gresham Street to a private Hong Kong investor for around £140m, representing a yield of around 4.25%.

City of Westminster

PW reports that the Crown Estate is set to embark on a £100m redevelopment of Morley House, 314-322 Regent Street to provide 11,000 sq ft of retail space and 44 residential units for rent. Kier Construction are the main contractor and Waltonwagner is the development manager.

EG reports that GPE has put 30 Broadwick Street up for sale for around £190m – a 4% yield. It has instructed Colliers and CBRE to sell the 94,000 sq ft block.

Hammersmith and Fulham

EG reports that H&F Council are saying that two housing estates which form part of Capital & Counties’ redevelopment of Earls Court could fall back under council control.

Lambeth

EG reports that Jon Hunt’s Ocubis has appointed agents to sell its prime residential site on the Albert Embankment. The 0.5 acre site sits at 36-46 Albert Embankment has planning permission for 166 flats in two 25-storey towers.

Southwark

PW reports that Meyer Bergman has signed up Everyman Cinema and The Office Group to anchor its £300m Borough Yards scheme on the site of the former Vinopolis wine bar.

EG reports that British Land is in discussions with operators to make events venue Printworks a permanent fixture at 5.5m sq ft Canada Water project.