The latest property news from the central London boroughs

Camden

EG reports Argent has unveiled plans for its retail revival of the Coal Drops buildings in the heart of its 67-acre King’s Cross regeneration, N1C.

City of London

EG reports that Canada’s Public Sector Pension Investment Board is under offer to buy a 50% stake in a £1bn portfolio of central London property owned by Aviva Investor’s Life Fund. The deal will help fund developments such as the 350,000 sq ft Fountain House scheme at 130 Fenchurch Street, EC3, and the redevelopment of Irongate House at 22-30 Dukes Place, EC3.

PW reports that Cornerstone Real Estate Advisers Europe has fully let Nexus Place after agreeing a lease with RSM (formerly Baker Tilly) for 8,355 sq ft on the 11^th floor.

PW states that the Standard Life Investments Pooled Pension Property Fund has completed two retail lettings at 100 Cheapside. Coffee company Nespresso has signed a 10-year lease on 3,144 sq ft unit while international clothing brand Massimo Dutti has taken a 7,468 sq ft unit. UK-based consulting company Elixirr Partners will take 9,582 sq ft on a 15-year lease.

PW reports that Blackstone has offloaded 9 Clifford Street, comprising 13,231 sq ft of office space, for £38m to a private European investor.

EG reports that the City of London Corporation has exchanged contracts to sell 1 Alie Street, E1, for £52m – 35% above the asking price – to Neworth Holdings. The 104,483 sq ft building is let to dozens of tenants at a low passing rent of £18.31 per sq ft overall.

EG reports that German fund manager AIK has put up for sale a portfolio comprising a pair of Dutch assets as well as 12 Moorgate, EC2, seeking offers in excess of £46m. The 33,941 sq ft building accounts for half the portfolio’s £2.8m rent roll.

CoStar News reports that Aviva Investors has sold a 50% stake in in 14-strong portfolio of prime central London property and development portfolio to PSP Investments, for £500m as the seed portfolio in a new joint venture between the two liability-driven direct real estate investors.

City of Westminster

EG reports that Meyer Bergman and Warren Todd’s Warrior Group have submitted plans for the £1bn redevelopment of Whiteleys in Queensway, W2. The Foster + Partners-designed plans will see a 515,000 sq ft mixed-use scheme including 100 homes, a hotel and leisure facilities.

PW reports that office provider i2 Office has taken 16,000 sq ft of space at 22 St James’s Square, which is owned by the Reuben brothers.

PW states that Australian stationery brand Kikki K has agreed a deal for its first European store at 5-6 James Street, Covent Garden.

EG reports that Tamares, the private equity firm backed by the billionaire Zabludowicz family, has put its HQ at 41 Dover Street, W1, on the market seeking bids in excess of £50m.

Wandsworth

EG reports that Mayor of London Boris Johnson has approved a British Land residential scheme for 97 homes at 56-70 Putney High Street, SW15, after it was initially rejected by Wandsworth Council.