VALUE £38.34 million / NIY – 3.72% / £893 per sq ft
42,933 sq ft
CBRE’S ROLE Acquisition
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 forecast 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."