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."
33 JERMYN STREET & 200 PICCADILLY, SW1

33 JERMYN STREET & 200 PICCADILLY, SW1

CBRE acted for Aberdeen Standard Investments in the sale of this freehold, corner office property.
SANCTUARY BUILDINGS, SW1

SANCTUARY BUILDINGS, SW1

CBRE acted for Blackstone in the disposal of this freehold, office property, long-let to HM Government.
158-164 BISHOPSGATE, EC2

158-164 BISHOPSGATE, EC2

CBRE advised British Land on the acquisition of the long leasehold interest in 158-164 Bishopsgate.