Derwent London: Derwent London plc Announces Strategic Partnership with Related Argent

Derwent London plc announced that it has formed a strategic partnership with Related Argent in relation to the Old Street Quarter EC1 site that it expects to acquire in late-2027. This follows studies undertaken by Derwent London which show that the 2.5-acre central London site has the potential for a substantial mixed-use campus development. Initially, the parties will work on delivering a best-in class mixed-use, living-led planning consent for this unique regeneration opportunity. A range of uses is being appraised, including residential, co-living, student accommodation, office and hotel. The master planning will be structured in a way that allows Derwent London flexibility of delivery, which in the future may include joint ventures, forward funding and plot sales. Related Argent has an impressive track record in large-scale urban regeneration as a developer, owner and operator. This skill set complements Derwent London's innovative and design-led approach to development. Both parties also have strong and long-standing relationships across a broad range of stakeholders.