A weekly round up of the latest property news from the central London boroughs
City of London
PW reports that Helical has secured a 15,934 sq ft letting to insurance firm Coverys at One Creechurch Place. The deal takes the building to 75% let, with four and a half storeys, totalling 69,674 sq ft remaining.
City of Westminster
PW reports that West End transaction volumes plummeted almost two thirds in the first quarter of 2018 on the same period of last year, according to Knight Frank. There were £765m of West End property deals in the first three months of the year, according to Knight Frank.
All outlets report that the Reuben brothers have purchased Burlington Arcade for £300m.
EG reports that Avanton has submitted plans to Southwark Council for 1,165 new flats in five towers of between 15 and 48 storeys on the Old Kent Road. More than one third of the homes will be affordable, delivered in partnership with A2 Dominion.
EG reports that DTZ Investors is nearing a circa £130m deal to buy Delancey’s Shop Stop retail parade at Clapham Junction Station on behalf of Strathclyde Pension Fund.