Quadrant Three 1800x1200
QUADRANT THREE, W1 (25% interest)

VALUE
£112.5 Million / NIY - 4.30% / £1,647 per sq ft

AREA
273,173 sq ft
 
PURCHASER
Norges Bank Real Estate Management (NBREM)
 
VENDOR
The Crown Estate
 
CBRE’S ROLE
Disposal

DESCRIPTION
CBRE acted for The Crown Estate on the disposal of a 25% interest in Quadrant Three, Soho’s most notable new development over the past 10 years. The property consists of Grade A offices let to Twitter, Telefonica and Generation Investment Management along with restaurant, retail and residential accommodation. 

Our previous involvement in the asset along with our market leading experience in part share sales were important in helping us secure a sale of 25% of the asset. Working jointly with our Capital Advisors team, we undertook significant pre-sale due diligence which involved our Retail, Agency and Lease Consultancy teams. Ultimately this approach enabled our client to secure an off-market transaction with NBREM who already owned 25% of the asset.