184 Drummond Street - HIGH RES

VALUE
£38.34 million / NIY – 3.72% / £893 per sq ft

AREA

42,933 sq ft 
 
PURCHASER
British Land 

VENDOR
Colombia Threadneedle

CBRE’S ROLE
Acquisition

DESCRIPTION
CBRE are British Land’s retained advisors around Regent’s Place and advise on the acquisition of strategic assets. Threadneedle brought Drummond Street to market in close proximity to year end. After a competitive bidding process, CBRE secured the asset for British Land substantially below quoting. 

Currently undergoing a rolling refurbishment, the property is well positioned to take advantage of Euston’s forecasted growth. 

CLIENT QUOTE
"Drummond Street is a strategic purchase for British Land and further adds to our critical mass at Regent’s Place. CBRE’s insight helped secure the asset significantly below valuation whilst also providing an efficient and professional service."