This weeks news from the central London boroughs – 15/1/16

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

Camden

PW reports that CTF Development, the investment firm of Hong Kong’s Cheng family, has put the five-star Rosewood Hotel, High Holborn, up for sale for £450m.

EG reports that Dubai-based developer SRG has exchanged contracts with Blackstone to buy the High Holborn Estate, WC1, for more than £135m.

City of London

PW reports that AXA Real Estate Investment Managers and BlackRock are to put 6 Bevis Mews, EC3, up for sale for around £220m.

PW reports that Ashby Capital has completed 16,342 sq ft of retail and office lettings at 200 Aldersgate, EC1, with rents exceeding £80/sq ft.

PW reports that Dubai-based property group Al Gurg is thought to be under offer to buy 1 Threadneedle Street, EC2, in an off-market deal believed to be close to £100m.

EG reports that the Qatar Investment Authority has hired CBRE and JLL to find a buyer for 1 Cabot Square, E14, which is expected to attract bids of as much as £450m.

City of Westminster

PW reports that Land Securities has let the fifth floor of its Zig Zag Building, SW1, on a 10-year lease to Moneycorp.

PW reports that Great Portland Estates has sold 60 Great Portland Street, W1, to Cityhold Office Partnership for £102.15m.

EG reports that Deka Immobilien has paid £216.3m for Great Portland Estate’s 33 Margaret Street, W1. The 103,700 sq ft office-led scheme includes Savill’s headquarters.

EG reports that the Conle family has bought 81 Piccadilly, W1, from Sir Richard Sutton Estates for around £23m.

EG reports that Ponte Gadea has bought the 97,000 sq ft Almack House, SW1, from Grosvenor for £232m.

EG reports that Berkeley Group has submitted plans for West End Green, NW6, for 691 homes in a 38-storey tower and low rise units. An indicative masterplan shows a second tower that could potentially add hundreds of new homes to the development.

Islington

EG reports that Great Portland Estate has bought 50 Finsbury Square, EC2, from Deka Immobilien for £119m.

EG reports that Helical Bar has let the remaining floor in the 150,700 sq ft first phase of the Bower development on Old Street, EC1. Work has now started on phase 2, The Tower, which will deliver a further 177,000 sq ft of offices.

EG reports that Guardian Media Group is considering abandoning plans for a 30,000 sq ft events space at King’s Cross, N1. A final decision is expected within a month.

Tower Hamlets

EG reports that a China Life and Brookfield joint venture is under offer to buy the Aldgate Tower, E1, from Aldgate Tower Investments for £350m.

Wandsworth

EG reports that Wandsworth Council is to seek a joint venture partner for developing the 32-acre Winstanley and York Road estates, SW18. The plans for the site include more than 2,000 homes, shops, leisure and offices. The scheme could potentially have a gross development value in excess of £1bn.