London Investment Properties Track Record
83 Pall Mall, SW1
October 1, 2021
VALUE
£50 million / NIY - 5.08% / £1,095 per sq ft
AREA
45,660 sq ft
TRANSACTION DATE
October 2021
PURCHASER
Tikehau Capital (JV with Best Seller Star Real Estate Fedaia)
VENDOR
Railways Pension Fund
CBRE’S ROLE
Disposal
DESCRIPTION
CBRE advised Railpen on the long leasehold sale of 83-85 Pall Mall to Tikehau Capital in partnership with Best Star Real Estate Fedaia (BSREF).
The 45,000 sq ft, Grade II listed building is located adjacent to the Royal Automobile Club (RAC) on Pall Mall in St James’ and the RAC is the only tenant in the building, occupying the 4th floor.
The sales process generated strong interest from a combination of domestic and overseas capital competing for opportunities to deliver best-in-class offices in the core West End.
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Contacts
Heidi Wade
Executive Director
Becky Stormer
Associate Director
Capital Markets
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