West EndInvestmentTransactions

i

Ourknowledge

is key.

Over the last 12 months Allsop Investment teams have completed transactions in excess of £1.3Bn.

We have an enviable depth of knowledge for both value add and income deals.

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Client:Columbia Threadneedle Investments

Size:14,757 sq ft

Transaction:Trophy Mayfair virtual freehold retail investment with office uppers, multi-let with an average weighted lease term of 5.7 years.

Pricing:Sold for £55,000,000 reflecting 2.81%.

65-68 South Molton Street & 32 Brook StreetMayfairLondon W1

6

Client:Columbia Threadneedle Investments

Size:117,471 sq ft (existing)

Off-Market Transaction:Freehold vacant office building with planning consent for London’s 9th largest hotel by room number (716-rooms).

Pricing:Sold for £175,000,000 reflecting a capital value of £1,490 psf.

One Neathouse PlaceVictoriaLondon SW1

CGICGI

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98

Client:Angle Property and Palmer Capital

Size:22,975 sq ft

Transaction:Freehold multi-let office, leisure and residential investment, currently being marketed.

Pricing:Offers are in invited in excess of £19,475,000 representing 5.50% and £848 psf on the commercial income and £1,417 psf on the residential units.

One Clink StreetSouthwarkLondon SE1

1110

Client:DTZ Investors

Size:36,322 sq ft

Transaction:Freehold office and retail building with value add potential through refurbishment / extension.

Pricing:Sold for £43,750,000 reflecting 2.96% (part vacant) and a capital value of £1,205 psf.

Drury HouseCovent GardenLondon WC2

1312

Client:DTZ Investors

Size:37,781 sq ft

Off-Market Transaction:Long leasehold office and retail building, with the opportunity to refurbish or regear the single let office accommodation.

Pricing:Sold for £46,000,000 reflecting 4.24% and a capital value of £1,218 psf.

111 StrandLondon WC2

1514

Client:Thames Wharf Ltd

Size:46,706 sq ft / 0.98 acres

Transaction:Freehold office and restaurant (The River Café) investment with planning consent for redevelopment to provide 57 apartments on the 0.98 acres site with 110 metres of river frontage.

Pricing:Sold for £40,000,000+ reflecting c. 5.25% and a capital value of c. £856 psf.

Thames Wharf StudiosHammersmith London W6

1716

Client:Private Overseas Investor

Size:10,053 sq ft

Transaction:Freehold office and retail investment, multi-let with an average weighted lease term of 4.6 years.

Pricing:Acquired for £22,350,000 reflecting 3.07% and a capital value of £2,223 psf.

31 Dover StreetMayfair London W1

1918

Client:Tellon Capital

Size:71,899 sq ft / 0.54 acres

Transaction:Long leasehold 0.54 acres site with 3 self-contained office buildings and future development potential for a 115,000 sq ft office led scheme.

Pricing:Acquired for £43,750,000 reflecting 2.63% and a capital value of £608 psf.

40-48 Broadway & 1/11 & 13/15 Carteret StreetVictoria London SW1

Site outline for indicative purposes only.

2120

Client:Aberdeen Standard

Size:9,416 sq ft

Transaction:Freehold office redevelopment with short-term income, situated opposite Westminster Abbey.

Pricing:Sold for £10,550,000 reflecting a capital value of £1,120 psf.

Clutha House10 Storey’s GateWestminster London SW1

2322

Client:Workspace Plc

Size:92,700 sq ft

Off-Market Transaction:Freehold office investment single let to 2022 with an early exit available from 2020. Workspace will then look to reposition the building to a multi-let business centre.

Pricing:Acquired for £98,500,000 reflecting 4.62% and a capital value of £1,063 psf.

13-17 Fitzroy StreetFitzrovia London W1

2524

Client:Private Hong Kong Investor

Size:133,500 sq ft (GIA) / 0.71 acres

Off-Market Transaction:Freehold 408-bedroom hotel on a 0.71 acres site single let for a further 23 years with 5-yearly RPI linked rent reviews.

Pricing:Acquired for £70,300,000 reflecting 4.20%, £172,304 per key and a capital value of £526 psf (GIA).

100 King’s Cross RoadKing’s Cross London WC1

2726

Client:DTZ Investors

Size:59,651 sq ft

Off-Market Transaction:Long leasehold interest with c. 113 years unexpired at a head rent to the greater of 15% of the gross rent receivable or £200,000 pa.

Pricing:Sold to the freeholder for £67,000,000 reflecting 2.88% and a capital value of £1,123 psf.

117 Jermyn StreetSt James’s London SW1

2928

Client:M&G Real Estate

Size:24,566 sq ft

Transaction:Freehold office and retail investment with 2019 office block date allowing for potential refurbishment / extension.

Pricing:Sold for £15,220,000 reflecting 4.72% and a capital value of £620 psf.

401 King StreetHammersmith London W6

3130

Client:Private Overseas Investor

Size:40,249 sq ft

Transaction:Freehold multi-let office building overlooking Berkeley Square with 2018 block date and planning consent for redevelopment to 32 apartments, with retail arcade and restaurant.

Pricing:Acquired for £75,000,000 reflecting a capital value of £1,863 psf.

Nightingale House65 Curzon StreetMayfair London W1

3332

Client:Sicilian Lab Estates

Size:c. 330,000 sq ft / 3.3 acres

Off-Market Transaction:Freehold estate of 34 properties and titles occupying a 3.3 acres site. Office, retail, residential and hotel accommodation, with a weighted unexpired lease term of 18 years.

Pricing:Advised on the £300,000,000 acquisition reflecting a capital value of c. £900 psf.

Holborn Links EstateMidtown London WC1

Meet the West End Team

Nick PembertonPartnerInvestment

+44 (0)20 7543 6775nick.pemberton@allsop.co.uk

Barney LewisPartnerOffice Leasing

+44 (0)20 7543 6742barney.lewis@allsop.co.uk

James PargeterConsultantInvestment

+44 (0)20 7543 6883james.pargeter@allsop.co.uk

Richard TownsendPartnerOffice Leasing

+44 (0)20 7543 6718richard.townsend@allsop.co.uk

Piers GloverPartnerInvestment / Asset Management

+44 (0)20 7543 6810piers.glover@allsop.co.uk

Chloe NewtonSenior SurveyorInvestment

+44 (0)20 7543 6886chloe.newton@allsop.co.uk

Mark IbbotsonSenior SurveyorInvestment

+44 (0)20 7543 6879mark.ibbotson@allsop.co.uk

Harry TheakstonAssociateOffice Leasing

+44 (0)20 7543 6842harry.theakston@allsop.co.uk

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To find out more, please contact one of our team on +44 (0)20 7437 6977 to discuss your requirements further.

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Contact

33 Wigmore StreetLondonW1U 1BZ

+44 (0)20 7437 6977