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

City of London

PW reports that Hong Kong developer Nan Fung is on the verge of acquiring Cheapside House for around £75m in an off market deal. Owner Hermes Investment Management and Canada Pension Plan Investment Board are close to finalising a deal for the 77,000 sq ft building at 134-147 Cheapside that will represent a yield of around 5%.

City of Westminster

EG reports that Aviva Investors and Canada’s Public Sector Pension Investment Board have instructed JLL to sell 1 Southampton Street for more than £50m. The prices reflects a 4% yield/ The 27,335 sq ft, eight-storey building was recently refurbished and is fully let to tenants including Private Equity Recruitment, Greenfield Capital and Elysian.

CoStar News reported that Brockton Capital has formed a JV with Cindat and CITIC Capital – with the partners also securing senior debt from Deutsche Bank, Bank of China and United Overseas Bank – to take forward the £600m redevelopment of 60 Curzon Street. Work will begin shortly on a new development comprising 32 predominantly double and triple-aspect apartments formed around a private south-facing garden in the heart of the scheme. The former Mirabelle restaurant and bar is retained in its original location within the scheme.

Lambeth

EG reports that Etc.venues has signed at Shirayama Shokusan’s County Hall for what will be its largest event space. It will open in January 2017. The company has signed a 20-year lease to create 43,000 sq ft over one floor, comprising 20 rooms and floorplates of up to 15,000 sq ft. Etc.venues was advised by Bond Woodhouse; Shirayama Shokusan was represented by Mann Smith Chartered Surveyors.