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.