Sanctuary Buildings - FOR PAGE

SANCTUARY BUILDINGS, SW1

VALUE
£285 million / NIY – 4.18% / £1,264 per sq ft

SIZE

225,485 sq ft

PURCHASER
Korean Consortium
 
VENDOR
Blackstone

CBRE’S ROLE
Disposal

DESCRIPTION
CBRE acted for Blackstone in the disposal of this freehold, office property, long-let to HM Government. Extensive pre-sale due diligence identified a number of potential investors and allowed CBRE to conduct an international marketing campaign that focussed on the rarity of such a secure income profile. 

Having completed a new 15 year lease to the HM Government, minimising transaction risk was crucial to executing Blackstone’s business strategy. CBRE was able to leverage strong international interest that maximised returns for the vendor whilst delivering a successful conclusion of the transaction.