11/12 ST JAMES’S SQUARE, SW1

VALUE
£174.9 million / NIY - 4.43% / £2,124 per sq ft

AREA
82,374 sq ft
 
PURCHASER
Chinese Estates
 
VENDOR
Employees Provident Fund
 
CBRE’S ROLE
Acquisition

DESCRIPTION
CBRE acted for Chinese Estates to acquire 11/12 St James’s Square, SW1. The Property was initially being offered together with Tower Bridge House in a joint sale. However, CBRE were able to negotiate a price for 11/12 St James’s Square in isolation that was significantly below the initial quoting level. We also provided comprehensive due diligence, including input from our property management team as well as working with the legal team throughout to ensure a smooth transaction for our client.

CLIENT QUOTE
"The CBRE Team provided a seamless service working with our solicitors from pre-bid due diligence through to completion of the deal. The investment team utilised CBRE's full depth of resources to provide a level of advice unmatched by their peers." - Leo Kam, Senior Manager - Overseas Property, Chinese Estates