Offices | Estates Gazette
The deal – which includes the adjoining car park – covers the 82,000 sq ft multi-let Kings House and the 48,000 sq ft Queens House, which is mostly vacant.
Tenants at Kings House include Trillium Property GP and polling firm Ipsos MORI UK.
The deal represents a net initial yield of 4.6%.
Queens House has planning permission for change of use to 64 homes via permitted development rights.
Green Property director Michael Tapp said: “The level of interest and price achieved is a strong indication of the wider London appeal among investors and residential developers. Securing reversionary leases on more space to Ipsos MORI added significant value to the deal.”
Kieran D Cotter & Co represented the purchaser; Green Property were represented by Doherty Baines and Chamberlain Commercial.