London Investment Properties Track Record
3-8 Whitehall Place, SW1
July 1, 2022
VALUE
£155,250,000 / NIY - 3.51% / £1,628 per sq ft
AREA
95,371 sq ft
TRANSACTION DATE
July 2022
PURCHASER
Legal & General
VENDOR
Schroders
CBRE’S ROLE
Disposal
DESCRIPTION
CBRE advised Schroders Capital (on behalf of the Greater Manchester Pension Fund) on the successful disposal of 3-8 Whitehall Place, a prominent freehold building in the heart of the Whitehall Estate. The 95,225 sq ft building is single let to The First Secretary of State on a term expiring June 2029 (6.9 years unexpired).
The sale capitalised on the strong demand for government-backed income in key locations within Central London.
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Contacts
Ed Bradley
Executive Director
Max Tulley
Associate Director
Capital Markets
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