Camden

PW reports that Argent has appointed Cushman & Wakefiled and Nash Bond as joint retail and leisure agents for its 67-acre mixed-use development at King’s Cross.

City of London

PW reports that The Medical Dental Defence Union of Scotland has exchanged contracts to buy 50 Cannon Street for just under £30m. It has acquired the 26,115 sq ft building from Ferrerio Properties at a yield of 4.5%.

City of Westminster

EG reports that Nightingale House at 65 Curzon Street has been put up for sale. DTZ Investors is selling the 40,249 sq ft office on behalf of the National Grid UK Pension Scheme and is seeking offers in excess of  £80m.

EG reports that Austin Reed’s flagship at 100 Regent Street has been put up for sale for £100m. Alex Partners was this week appointed administrator to the retailer. The long leasehold of the store was first marketed for £17m in September last year, but no deal was agreed. Hermes owns the long-leasehold and the Crown Estate is the freeholder.

Southwark

EG reports that Aberdeen Asset Management has sold the freehold interest in 61 Southwark Street to Slovakian developer
HB Reavis for £44m. It has planning for a 77,000 sq ft refurbishment and extension. Colliers International advised Aberdeen
Asset Management; Knight Frank acted for HB Reavis.

Tower Hamlets

EG reports that a China Life and Brookfield joint venture has completed the acquisition of Aldgate Tower for £346m – a net initial yield of 4.9%.