Lacon London
LACON, WC1

VALUE
£285 Million / NIY - 4.50% / £1,290 per sq ft

AREA
220,885 sq ft
 
PURCHASER
Private Middle Eastern
 
VENDOR
Blackstone Real Estate
 
CBRE’S ROLE
Acquisition

DESCRIPTION
CBRE advised a Private Middle Eastern client on the acquisition of Lacon London. The opportunity to purchase the building was identified as a result of CBRE’s existing relationship with the vendor and their agents, enabling terms to be agreed and for the transaction to complete off-market, protecting both the confidentiality and exclusivity of all parties involved. CBRE provided comprehensive due diligence during the transaction, including building consultancy advice. Close collaboration with the client’s legal representatives also ensured that the transaction was completed efficiently and within the desired time frame.
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