Allsop has climbed the rankings to 7th place in the recent CoStar Q3 Commercial Investment Disposal Agent league table, which were published in November. Moving up five places from 12th in Q2 to 7th place in Q3.
In what has been an uncertain year, the teams have successfully attained a higher ranking in a more competitive and challenging market. This is an excellent achievement for the firm and a great effort from the teams.
Notable sales for the teams in the last quarter have included:
The off-market disposal of One Neathouse Place, SW1 for £175 million saw the West End team transact the largest vacant possession deal in the Core West End this year. The sale on behalf of Columbia Threadneedle Investments, to a Private European Hotelier, reflects a capital value of close to £1,500 per sq. ft.
One Neathouse Place is currently a 13-storey 117,500 sq. ft. office building, with three retail units and 54 underground parking spaces, situated opposite Victoria Station. The building has planning consent to become the 9th largest hotel in London by room number (716-rooms).
The team successfully sold The Relay Building in Aldgate East, E1, for c. £90.75million reflecting 5.95%, and a capital value of c. £850 per sq. ft., on behalf of Hondo Enterprises and Angelo Gordon.
Prominently positioned at the corner of Commercial Street and Whitechapel High Street, The Relay Building is located in the heart of London’s Tech Belt, which has seen significant development activity in recent years.
The landmark 22 storey tower comprises 105,996 sq. ft. of multi-let office, retail and ancillary accommodation. The investment is let for in excess of 13 years.
The team acting for Workspace sold Acute Portfolio for £51.85 million which reflects a yield of approximately 4.1%.
The multi let portfolio of 3 offices in North London (Archway, Gospel Oak & Islington) comprises a total of 106,300 sq. ft. and was purchased by Westbrook.