Main menu

Clock ticking for comm…

Landowners and developers…

South West

Stoford appointed to d…

A vision to create a £120…

Featured

West Country High Stre…

A number of key towns acr…

South West

Blue Marble Properties…

Blue Marble Properties an…

West Midlands

Industrial trade count…

Acting on behalf of Mecab…

South

Unit let at Matform Bu…

Acting on behalf of Matfo…

South

LSH Bristol appoints d…

A new director of plannin…

South West

Two fast-track funding…

The GROW:OffshoreWind ser…

South West

Utilities company move…

A Black Country utilities…

West Midlands

M&A activity on the ri…

Completion of two signifi…

West Midlands

Drinks company lifts o…

Property consultancy Mydd…

South

South Wales recruitmen…

Fast growing recruitment …

Wales
«
»
Second Menu
Commercial News MediaUK & EuropePrime investment opportunity launched in London’s West End

Prime investment opportunity launched in London’s West End

Acting on behalf of SEB, the European institutional fund, Cushman & Wakefield has launched the sale of Portman Square House, W1. The property offers a rare prime investment opportunity within London’s West End where there has been a shortage of available good quality investment stock.

Portman Square House is a striking headquarters office building comprising 116,082 sq ft (10,784.3 sq m) of Grade A office accommodation behind a retained period facade together with three retail units over lower ground, ground and eight upper floors. It is situated on the south-east corner of Portman Square, one of London West End’s prime garden squares.

SEB has instructed Cushman & Wakefield to market the building for bids in excess of £127 million, reflecting a net initial yield of 5.33%. Tenants include: Cushman & Wakefield LLP, Invesco UK Ltd, Regus and CIB Properties.

Andrew Thomas, Partner at Cushman & Wakefield who is handling the sale on behalf of SEB, said, “London is increasingly viewed by investors as a safe haven amid current economic volatility and remains at the top of the global shopping list for equity destined for the real estate market. Opportunities to secure such a prime investment as Portman Square House are rare and we expect significant interest from both institutional and private sector capital which is scouring the West End of London for quality assets to take advantage of the strength of the occupational markets and the wealth preservation characteristics of the area.”

Comments are closed.

Latest News

Get in touch

Contact Commercial News Media for more details of our services, information about our website and emails or advertising prices.
Telephone: 01278 760003
E-mail: glen@commercialnewsmedia.co.uk