£93 million / NIY – 4.90% / £1,250 per sq ft
74,388 sq ft
CBRE, successfully advised Colombia Threadneedle on the £93m sale of 70 Wilson Street to UBS, representing a NIY of 4.90% and a capital value of £1,250.
The 74,388 sq ft building is located in London’s thriving creative and technology quarter, 100m from Amazon’s UK headquarters at Principal Place and just a three minute walk from the new Elizabeth Line station at Liverpool Street. The award winning building is fully let with tenants including Microsoft, The Bio Agency and WeWork.
The sales team managed to secure a price in excess of quote and is the first central London building to trade in 12 months, where occupancy by a flexible office provider is in excess of 50%.