**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 Argentโs expertise in large-scale urban regeneration complements Derwent Londonโs design-led approach, with both parties emphasizing stakeholder relationships and long-term value creation. Paul Williams, CEO of Derwent London, highlighted the siteโs potential as a significant regeneration opportunity, while Tom Goodall, CEO of Related Argent, praised the partnershipโs shared ambition to enhance Londonโs urban landscape.
Derwent London, valued at ยฃ5.2 billion, is the largest London office-focused REIT, known for its innovative and sustainable development practices. Related Argent, with a ยฃ9 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.