A weekly round up of the central London property news

Camden

Everyman is to open at King’s Cross Central. It has agreed a deal to lease 9,000 sq ft from the King’s Cross Partnership for a three-screen cinema in the office building known as R7. The cinema is scheduled to open in Q3 2017.

City of London

EG reports that London & Oriental have bought a 150-year leasehold interest in 111 Cannon Street. L&O paid £7.5m for the site, which has consent for a 20,000 sq ft office and retail scheme that L&O now expects to complete by 2017. Allsop advised the vendor; Cushman & Wakefield acted for L&O.

EG reports that Legal & General Property has instructed Capital Real Estate Partners to sell the £100m freehold interest in Bloomberg’s new City HQ.

CoStar reports that Qatari investor Alduwaliya is on the verge of making its largest acquisition to date with the £150m purchase of a trophy City of London office. German closed-ended fund manager HIH Global Invest has agreed a deal to sell 100 New Bridge Street to Alduqliya. They are reported to have agreed a price of nearly £150m, reflecting a net initial yield of around 4.7%.

City of Westminster

PW reports that Coller Capital is taking the final floor at Park House. CBRE, Knight Frank and GVA are letting agents.

PW reports that Pret a Manger is under offer to take the 30,677 sq ft first floor of Tishman Speyer’s Verde development. The redeveloped former Department of Communities and Local Government building on Bressenden Place comprises 282,000 sq ft of office space and a 20,000 sq ft ‘park in the sky’ across six roof gardens. JLL and Cushman Wakefield advised Tishman. Saills advised Pret.

PW reports that international are gallery Spruth Magers is moving its London base to 29 Sackville Street. It has paid a rent in line with prime Mayfair levels of around £100/sq ft to the private landlord. Pilcher Hershman acted for Spruth Magers. Mann Smith acted for the landlord.

Lambeth

EG reports that Alchemi has exchanged contracts to buy Grand South, a luxury residential tower development opportunity at 12-20 Wyvil Road. Alchemi is understood to have paid Network Rail and K2 Property more than £30m for the site, which has consent for a 37-storey tower. The scheme will comprise 218 homes, of which 175 will be private, and has an estimated gross development value of more than £250m. It will also include 27,000 sq ft of shops. Cushman & Wakefield and Knight Frank advised the vendors.

EG reports that Aviva’s Igloo fund has submitted plans for a £100m redevelopment of a 3.7 acre site in Brixton. The community-led regeneration of Somerleyton Road will be developed by Igloo on behalf of Lambeth Council, Ovalhouse Theatre and Brixton Green. Tibbalds Planning and Urban Design is advising.

Southwark

CoStar reports that REM, on behalf of the State of Qatar and Sellar Property, has signed the Medical Protection Society for the 22,308 sq ft Level 19 at The Shard. JLL and Knight Frank are leasing agents on The Shard.

Tower Hamlets

EG reports that JP Morgan has put the sale of a huge tract of land in Canary Wharf on hold after senior management launched a review of its operational requirements in London. The US bank is now considering whether to build a large new HQ at Riverside South, E14. The site was put up for sale earlier this year through GM Real Estate and Knight Frank.