The bid for a £750 million commercial development project on the site of the old Middlesex Hospital has been won by a consortium led by Aviva Investors.
Aviva Investors is part of a consortium which has won a commercial development project at a prime London site.
The "Noho Square" area in London's Fitzrovia was the subject of the deal, which Aviva won with the help of fellow property investment vehicle Exemplar properties, the Independent reports.
Also involved is the committee managing the commercial assets of Iceland's failed Kaupthing Bank.
The commercial development is set to cost the firms some £750 million to complete, although it is not currently clear what the details of the plans are.
Formerly housing the Middlesex Hospital, the site has been empty since plans for upmarket accommodation by property investment firm Nick and Christian Candy fell through after Kaupthing collapsed in 2008, the newspaper notes.
Property Week reported earlier this month that London Mayor Boris Johnson has called on private firms to engage in more partnerships with development agencies in order to help regenerate areas across the capital.
Posted by Hadji Singh
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