**Summary**
Derwent London PLC has announced a strategic partnership with Related Argent for the development of the 2.5-acre Old Street Quarter EC1 site in central London, expected to be acquired in late-2027. The collaboration aims to deliver a best-in-class, mixed-use, living-led planning consent, exploring uses such as residential, co-living, student accommodation, office, and hotel spaces. The master planning will allow Derwent London flexibility in delivery, potentially involving joint ventures, forward funding, and plot sales.
Related Argent’s expertise in large-scale urban regeneration complements Derwent London’s design-led approach, with both parties emphasizing stakeholder relationships and long-term value creation. Paul Williams, CEO of Derwent London, highlighted the site’s potential as a significant regeneration opportunity, while Tom Goodall, CEO of Related Argent, praised the partnership’s shared ambition to enhance London’s urban landscape.
Derwent London, valued at £5.2 billion, is the largest London office-focused REIT, known for its innovative and sustainable development practices. Related Argent, with a £9 billion UK portfolio, is a leading urban regeneration firm, combining the expertise of Argent LLP and Related Companies. The partnership underscores a commitment to delivering high-quality, inclusive urban spaces.
**Key Points**
Strategic partnership between Derwent London and Related Argent for Old Street Quarter development.
Focus on mixed-use, living-led planning consent with flexible delivery options.
Combined expertise in urban regeneration and design-led development.
Commitment to long-term value creation and sustainability.