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

Camden

Cain Hoy Enterprises has agreed a £78m loan to Lodha for its 202-apartment scheme at 48 Carey Street.

City of London

EG reports that Evans Randall is buying Thavies Inn House at 3-4 Holborn Circus for £33m. The 31,332 sq ft office building is being sold by Marcol with potential for a redevelopment of at least 75,000 sq ft. The price reflects a yield of just under 5% and a capital value of close to £650/sqft. Evans Randall intends to regear leases in the building, some of which are as low as £23 per sq ft, to a date of around 2021 to undertake the redevelopment.

City of Westminster

PW reports that US private equity firm Thor Equities has let a prime retail unit at 1 Dover Street to Caffe Concerto at a record rent for the street. Opening on the corner of Piccadilly and Dover Street in mid-2017, the café/restaurant will be paying £500/sqft for the 2,600 sq ft unit.

PW reports that nail art brand Wah Nails has announced plans for a global flagship, 900 sq ft unit at 4 Peter Street, leased from Shaftesbury.

RBKC

PW reports on a study by Cushman & Wakefield that shows retail rents in High Street Kensington have fallen by 4% since 2010 – £260 to £250/sqft. Meanwhile rents in Westfield have increased by 58% to £475/sqft over the same period.

Tower Hamlets

PW reports that the government has pre-let the top two floors of Derwent’s White Chapel Building on a ten-year lease, paying £52 sq/ft. Government Digital Services has taken 55,000 sq ft at the building. It will pay £2.8m a year with a rent-free period of eight months, rising to 18 months if no breaks are exercised.