City of London

EG reports that Poly Real Estate Group has bought 5 Fleet Place, EC4, from the Abu Dhabi Investment Authority for £145m. 

PW reports that AXA Insurance Companies and ATP have bought two hotels situated in St Paul’s and Gracechurch Street from Club Quarters for £180m.

City of Westminster

EG reports that online gambling firm Gamesys has paid Hermes £33m for a vacant office block at 20-24 Broadwick Street, W1, for its new headquarters.

PW reports that Italian design brand Smeg and Swiss cycling apparel brand ASSOS have concluded deals to open flagship stores at the Crown Estate and Oxford Properties’ £450m St James’s Market scheme.

PW reports that Great Portland Estates has signed Bennetton to its flagship store at 73-89 Oxford Street, W1, completing retail lettings at the site.

Next has unveiled plans for a new store on Oxford Street, redeveloping the Plaza Shopping Centre. The retailer plans to open a store of around 73,000 sq ft over three levels, two of which will be trading floors. Next are reported to be aiming to open by the close of 2017.

Orion House, the tallest building in Covent Garden which commands the highest rent in the area, is being put up for sale for £150m. WELPUT has instructed Strutt & Parker and JLL to sell the tower for an NIY of 4.05%, reflecting a capital value of £1,651 per sq ft. The proporty provides 90,853 sq ft of offices and retail and is multi-let to 10 office tenants and two retailers.

Eleven new flagship stores have opened on Oxford Street since January 2014 with another 26 expected to open their doors by the end of 2019, according to research undertaken by Savills.

Hackney

EG reports that Highgate Hotels is considering a partial sale of 201-207 Shoreditch High Street, after a series of approaches from investors offering as much as £150m for the site.

EG reports that Percussion Properties has paid a record £1,647 per sq ft for an office building in Hoxton Square, N1, as demand for development opportunities in the City fringe intensifies.

Hammersmith & Fulham

EG reports that L’Oreal Paris is looking for a new London office. It is currently based at 255 Hammersmith Road, W8, but its lease expires in 2019.

Islington

EG reports that DTZ Investors has bought the five-building Cowcross Estate, EC1, from a private vendor for £43.7m.

PW reports that China Overseas Land is under offer to buy the Helicon Building, EC2, from Deutsche Asset and Wealth Management for £140m.

PW reports that Martin’s Properties has bought Merchants Hall, N1, from Northhill for £14m.

Tower Hamlets

EG reports that HNA Group is under offer to buy 17 Columbus Courtyard, E14, from Vico Capital for a figure upwards of the initial £133m asking price.

Wandsworth

EG reports that Metro Shopping Fund, the retail joint venture between Delancey and Land Securities, is prepping the Southside shopping centre in Wandsworth, SW18, for sale. The 630,000 sq ft site is expected to attract bids of around £300m.

EG reports that luxury property developer Banda is under offer to buy Ransomes Wharf, SW11, from the Curatos Trust Company for around £80m.