Blog | Commercial Central London Investment

Allsop Buy Warner Brothers West End Headquarters for £65M

Allsop have completed on the purchase of Warner Brothers West End Headquarters for Grafton Advisors on behalf of the Schroders WELPUT fund for £65M.

Piers Glover, Partner at Allsop LLP who represented Grafton/WELPUT commented

“98 Theobald’s Road is a freehold headquarters building which is let on a low passing rent and provides options to improve the asset at the end of the lease.  We are pleased to have delivered an off market transaction to our client having just started our new team”

The property measures 135,000 sq ft and is let to Warner Bros Entertainment until September 2014 at £3,900,000 per annum (£29 psf)

The price paid is circa £65 million for the freehold interest via corporate purchase reflecting a Net Initial Yield of 6% and CV £480 psf.

Notes to editor

Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation.  Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.


Related Insights

Allsop raises £24 million in June commercial auction
News 16/06/25

Allsop raises £24 million in June commercial auction

Commercial Auction | Auction

Allsop, the leading property consultancy and UK’s largest property auction house, raised £24m at its June commercial auction,...

Allsop releases 344-lot catalogue for June residential auction
News 12/06/25

Allsop releases 344-lot catalogue for June residential auction

Auction | Residential Auction

Allsop, a leading property consultancy and the UK’s largest property auction house, has released the catalogue for its June r...

What pride means to me, Gareth Hosgood
Blog 09/06/25

What pride means to me, Gareth Hosgood

Diversity and Inclusion

Pride for me is a celebration when the LGBT+ community come together to celebrate our freedoms and differences in an unapolog...

What pride means to me, Betsy Rowett
Blog 02/06/25

What pride means to me, Betsy Rowett

Diversity and Inclusion

Pride has helped me realise that being visible isn’t just about representation, it’s about setting a tone of openness and int...