Acquired

Freehold Office Investment – St. James’s Square, London SW1

One St. James's Square, London SW1

Acquired for £250,100,000

Property Type:
Commercial
Sub Type:
Office
Tenure:
Freehold
Net Initial Yield:
4.16%
Site Area:
103,655 sq.ft

Description

  • Freehold
  • Prestigious headquarters building located in St. James’s Square
  • 103,655 sq ft of Grade A office accommodation arranged over basement, lower ground, ground and six upper floors
  • Exclusive terrace at 6th floor offering spectacular views across St. James’s Square and Central London
  • The building will be subject to a leaseback to BP International for a term of two years at a rent of £11,210,000 per annum, reflecting £108.15 per sq ft
  • Rare refurbishment opportunity to deliver best-in-class office accommodation at one of the most iconic office addresses globally

Allsop advised the purchaser, acting jointly with our Asia partner, Millennium Group.