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

City of London

PW reports that Addington Capital has secured two lettings at its City of London office block Randall House at headline rents of £70/sq ft. Arrow Enterprise Computing Solutions have taken 6,278 sq ft on the ground, first and second floors of the building at 6 Dowgate Hill, while Austalian law firm Minter Ellison has taken 2,404 sq ft on the third floor.

PW reports that a private Chinese investor is on the verge of buying 6 Bevis Market. The high-net-worth individual is thought to be under offer to acquire the trophy asset at a price in excess of £220m.

British Land has submitted a planning application for a 32-storey tower at 2-3 Finsbury Avenue Square. Designed by Arup Associates, the tower comprises 550,000 sq ft of offices across four connected areas. The existing UBS HQ will be demolished after the Bank moves to British Land’s 5 Broadgate.

City of Westminster

EG reports that Deustche Pfandbriefbank has provided a £75m acquisition loan to Tishman Speyer for its purchase of The Economist Plaza, 25 St James’s Street. The loan represents a 43% loan-to-value- ratio.

Southwark

PW reports that Investtream is plotting a potential sale of its luxury residential development site the Quill, in London Bridge. The site, located on the corner of Weston Street and St Thomas Street, was initially conceived in 2011 as a 31-storey, 500 bed student accommodation development. However, Investstream received consent to build 199 luxury apartments within the same external structure in September last year.

Tower Hamlets

EG reports that Oxley Holdings and Ballymore have submitted plans to build 764 flats at Deanston Wharf. The Glenn Howells-designed scheme consists of 590 flats for private sale and 174 affordable homes.

Wandsworth

Part of Royal Mail’s 1,870-home South London Mail Centre scheme in Nine Elms is being offered for sale to the private rental market. Plot D at the site, which has the capacity for 365 flats, is being offered to PRS operators for close to £75m. Savills is advising on the sale.