20 Fenchurch Street 1800x1300
20 FENCHURCH STREET, EC3

VALUE
£1.28 Billion / NIY - 3.40% / £1,864 per sq ft

AREA
688,000 sq ft
 
PURCHASER
LKK Health Products Group Limited

VENDOR
Canary Wharf Group and Landsec
 
CBRE’S ROLE
Disposal

DESCRIPTION
CBRE was initially instructed by a Canary Wharf Group-led syndicate to sell their 50% interest held in 20 Fenchurch Street, EC3 more commonly known as the Walkie Talkie.

CBRE undertook a discrete international marketing campaign, identifying and approaching a shortlist of the most aggressive global investors.

Through the tailored marketing process and knowledge of the potential purchasers CBRE were able to generate a premium bid from a new entrant, LKK Health Products Group Limited, for the whole building prior to formal bids.

CBRE drew in expertise from our Leasing, Leasing Advisory and Building Consultancy teams throughout the whole sales process to ensure a smooth transaction with completion within the required time frame.

Our extensive pre-sale due diligence, access to the most aggressive target investors and bespoke advise from multi-disciplines ensured that we exceeded our clients expectations through the sale of the UK’s largest ever single office transaction.