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

City of Westminster

EG reports Kaupthing has put its 50% stake in Fitzroy Place, W1, up for sale for £22m. CBRE has been appointed to sell the nationalised Icelandic bank’s share of its joint venture with Aviva Investors. Aviva is understood not to be selling its share.

Also in EG, Blackstone is selling the four-star DoubleTree by Hilton, SW1 for around £172m. The 460-bed hotel will be marketed in September as part of Blackstone’s ongoing disposal of its Mint hotel portfolio. The Westminster property is the last of nine hotels to be put up for sale.

Two Far Eastern investors have committed to spend around £230m in London’s West End, says EG. A private high net worth individual has bought 23 King Street SW1 in St James’s from Standard Life, following a terminated deal with Chinese Estates’ Joseph Lau, post Brexit.

Space NK have signed a 10-year lease on a new store at 285-287 Regent St. CBRE acted for The Crown Estate; Philippa Jeal represented Space NK.

City of London

Kajima Properties has been given go-ahead for an office led scheme at 77 Coleman Street EC2. The development will include 13,573 sq ft of shops and restaurants on the ground and lower floors. The BuckleyGrayYeoman designed project will include a walkway between Coleman St and Moorgate as is forecast to complete in 2019.

London Borough of Lambeth

London & Regional and Chelsfield have begun approaching investors to potentially sell a stake in the £1.3bn Elizabeth House project, SE1. CBRE have been appointed to explore options for the office-led 1.4m sq ft development and the adviser is requesting proposals by the end of September, reports EG.

London Borough of Islington

Brookfield Property Partners has completed a £515m development financing deal with a club of six banks for 100 Bishopsgate, EC3. Wells Fargo led the financing as agent and joint arranger and was joined by Banca IMI, Helaba, BNP Paribas, Industrial and Commercial Bank of China and United Overseas Bank. Wells retained 100m of the loan with the other banks taking £83m each.