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

City of London

ING and LBBW have teamed up to refinance Salesforce Tower, previously Heron Tower, with a £400m five-year senior loan.

EG reports that Morgan Stanley Real Estate Investing has put its stake in the Walkie Talkie up for sale.

City of Westminster 

EG reports that Standard Life has put 20 King Street up for sale for £47m – a 3.83% yield. Savills has been appointed to sell the John Nash designed Grade II listed property, which includes 22,450 sq ft of offices, gallery space at 21 King Street and 6,154 sq ft of shops in the adjoining Crown Passage.

EG reports that Levi is opening a shop in Covent Garden. It will pay £700 per sq ft zone A – a record rent for the area, according to BNP Paribas Real Estate. It has agreed to open a 3,800 sq ft store at 119 Long Acre on a five-year lease. Nash Bond acted for landlord the Mercers Company; CBRE acted for Levi’s.

EG reports that Shake Shack is to open its fifth UK restaurant in Leicester Square. It is taking a 15-year lease on a 4,500 sq ft restaurant in the former KFC at 1-2 Coventry Street. Nash Bond acted for the private landlord; Harper Dennis Hobbs represented Shake Shack.

Hammersmith & Fulham

EG reports that a Cambridge college has bought the freehold of 45-47 Parsons Green Lane from a private UK investor. It has paid £3.7m – a 3.2% yield – for the asset, which is let to Cote Restaurants on an operational lease. Bidwells advised the purchaser.

Tower Hamlets

Deputy Mayor Sir Edward Lister this week granted planning permission to Far East Consortium for their £500m Alpha Square residential scheme and the West Ferry Printworks scheme.

Wandsworth 

EG reports that Mount Anvil has sold five commercial retail units within Mount Anvil’s Filaments scheme adjacent to the Southside Shopping Centre for £4m – a yield of 7.5%.