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

Camden

EG & PW report that ‘Hong Kong billionaire’ Angela Leong has acquired Aldwych House, a 174,000 sq ft building in Midtown, for around £250m from Rowan Asset Management and GI Partners – a circa 4.25% yield

City of London

PW reports that Hermes Investment Management is moving from Portsoken Street to 46,000 sq ft of space at 150 Cheapside. 400 members of staff will be relocating.

Malaysian sovereign wealth fund Permodian National Berhad is selling One Silk Street and 90 High Holborn. The fund is expected to make between £500m and £600m from the two assets. The sales would be the first by PNB since it invested heavily in central London in 2012-15, deploying more than £1bn.

City of Westminster

PW reports that Italian fashion brand Fiorucci is making a return to brick-and-mortar retailing in the UK with a new store at 39-43 Brewer Street. Fiorucci agreed to pay £300/sq ft zone A for the store, once home to the Vintage Magazine store and Monsieur and Madame Floris’s Chocolate Factory.

EG reports that Microsoft is in talks with the Crown Estate to open a flagship store on Oxford Circus. The corner plot at 255-259 Regent Street, Currently occupied by Benetton, totals 15,000 sq ft – 4,000 sq ft bigger than the nearby Apple Store. Benetton is relocating to 73-89 Oxford Street at the end of this year.

EG reports that Finchatton has confirmed its partnership with Four Seasons Hotels and Resorts to operate private residences at its 20 Grosvenor Square scheme.

EG reports that Qatari Diar has appointed Rosewood Hotels & Resorts to operate its Mayfair Hotel in the US Embassy Building on Grosvenor Square. The hotel will have 137 bedrooms, five restaurants, six shops, a spa and a ballroom.

Islington

EG reports that 26-28 Glasshouse Yard – let to Amazon – has been put up for sale by Columbia Threadneedle for £40m

RBKC

PW reports that You Capital has revealed its vision for. £1bn-plus culture, media and technology hub at Olympia London. It is planning a major redevelopment whereby it will consolidate the multiple buildings on the same site to make way for a commercial and leisure scheme, opening it up to the public and creating a new district modelled on the like of Argent’s King Cross.

Southwark

Angelo, Gordon & Co and Beltane Asset Management have appointed CBRE and Cushman & Wakefield to relaunch the sale of 42 Southwark Bridge Road at a revised price of offers in excess of £80m.