Evans Randall Investors is close to signing an up to £200 million deal for a seven-property portfolio in central London, Property Week reported, citing sources close to the negotiations.

The Clerkenwell Collection was quietly brought to the market by the Sheinman family earlier in 2018, with Lewis & Partners marketing it with a more than £210 million asking price, which would reflect a yield of 4.08%.

According to the publication, the private equity real estate business first signed a deal between £190 million and £200 million for the assets in June with backing from Italian pension fund Enpam, but the fund backed out in September.

Evans Randall, said to be in final negotiations for the portfolio, has now lined up other investors and institutions and is also contributing its own resources, the Oct. 12 report added.

The Sheinman family has owned the properties for roughly 70 years. The portfolio, located near the new Crossrail station at Farringdon, produces an annual income of £8.8 million. The properties include the 78,557-square-foot Sutton Yard office development and mixed-use freeholds at 55-63 and 67-71 Goswell Rd.

Evans Randall declined to comment and Lewis & Partners did not respond to requests for comment, according to the report.