SOUTHBANK CENTRAL, SE1
£255 million / NIY – 5.50% / £965 per sq ft
263,905 sq ft
Hermes Investment Management and CPPIB
Having advised on the purchase of the asset in 2014 at a price of £150m, as well as the subsequent remodelling, CBRE is proud to have advised the partnership of Hermes and CPPIB on the disposal of this 2.6 acre freehold multi-let estate. Following an extensive global marketing campaign, resulting in multiple bids from international purchasers, CBRE delivered a substantial profit for our clients, while collaborating with our Asset Management and Leasing teams.